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Buying a repossessed car

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Old Jun 20th 2007 | 11:21 pm
  #1  
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Default Buying a repossessed car

Has anyone here ever bought a repo car before?

I have been in contact with a bloke from www.repo.com (Vancouver branch) and it all seems quite straight forward. Walk in, choose a car, pay the money, buy the insurance (onsite) my UK license is absolutely fine and job done.

However, what are the downsides if any of buying a repossessed car? Does anyone have any experience of this?

Cheers
 
Old Jun 21st 2007 | 3:39 am
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Default Re: Buying a repossessed car

Seems straightforward to me Danny - just check all the usual things you would when buying any 2nd hand car. Make sure the warranty's transferrable (that Forester should still have at least a couple of years manufacturer's warranty remaining). Looks like a reasonable buy to me - a couple of thousand $'s under a dealer price.
 
Old Jun 21st 2007 | 4:49 am
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Default Re: Buying a repossessed car

Originally Posted by R I C H
Seems straightforward to me Danny - just check all the usual things you would when buying any 2nd hand car. Make sure the warranty's transferrable (that Forester should still have at least a couple of years manufacturer's warranty remaining). Looks like a reasonable buy to me - a couple of thousand $'s under a dealer price.
Hi Rich,
I looked at that Forester as well, looks ok doesn't it?
My wallet says get something good on fuel but the devil on my shoulder says get this http://www.repo.com/details/28514

Not long to go now and I'll finally be in Kamloops, my last day ay work is tomorrow
 
Old Jun 21st 2007 | 5:05 am
  #4  
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Default Re: Buying a repossessed car

Originally Posted by Danny B
Has anyone here ever bought a repo car before?

I have been in contact with a bloke from www.repo.com (Vancouver branch) and it all seems quite straight forward. Walk in, choose a car, pay the money, buy the insurance (onsite) my UK license is absolutely fine and job done.

However, what are the downsides if any of buying a repossessed car? Does anyone have any experience of this?

Cheers
I bought a repo car when we first arrived a few yrs ago - pretty much as you said, was dead easy and worked out well for us.

Make sure you get documentation that the bank has waived any claim on the vehicle - as in BC (not sure on rest of Canada) the lien is on the vehicle, not the leaser (or something like that!).
 
Old Jun 21st 2007 | 5:09 am
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Default Re: Buying a repossessed car

Originally Posted by Danny B
Hi Rich,
I looked at that Forester as well, looks ok doesn't it?
My wallet says get something good on fuel but the devil on my shoulder says get this http://www.repo.com/details/28514

Not long to go now and I'll finally be in Kamloops, my last day ay work is tomorrow
Did one notice that for that money one could get oneself a Rolls, what what.



The best value vehicles there are the AWD Ford 500s if you ask me. Not flash, but large and comfy, with AWD, toys and a reasonably (by North American standards) economical V6. I think its on the large Volvo platform too. Styled by that man from Audi.

Last edited by Notiaink...honest; Jun 21st 2007 at 5:14 am.
 
Old Jun 21st 2007 | 5:12 am
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Default Re: Buying a repossessed car

I guessed the Forester might be on your shopping list.

The Kamloops Subaru dealer's currently holding a big sale event - don't know how long it's on for though.

That F150's you link to has got the baby V8 - our is the 5.4L. No sense in pissing about with something weedy It cost me $102 to fill yesterday, and will do a fraction under 600kms from a tank of gas. Far more practical to load up a couple of dirt bikes, do a run to the dump, haul stuff from Home Depot etc than a car. You know it makes sense

We used to have an extra cab style truck (reverse opening 1/2 size rear passenger doors), but found them a pain in the bum - trying to load shopping and get passengers in the back in a busy parking lot is far easier with a full size, normally hinged door.

Best of luck at work tomorrow - hope they give you a good send-off.
 
Old Jun 21st 2007 | 5:16 am
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Default Re: Buying a repossessed car

Originally Posted by R I C H
That F150's you link to has got the baby V8 - our is the 5.4L. No sense in pissing about with something weedy It cost me $102 to fill yesterday, and will do a fraction under 600kms from a tank of gas. Far more practical to load up a couple of dirt bikes, do a run to the dump, haul stuff from Home Depot etc than a car. You know it makes sense

.

Ah, but with a Rolls, one can send ones man to do the day to day mundanities and deal with the riffraff
 
Old Jun 21st 2007 | 5:20 am
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Default Re: Buying a repossessed car

Originally Posted by Notiaink...honest
Ah, but with a Rolls, one can send ones man to do the day to day mundanities and deal with the riffraff
I wish I'd had your foresight and wisdom before buying a humble Ford. Not sure a man servant would have got 45 bales of hay in the trunk of a Rolls like I needed to last weekend though. Perhaps the truck was the right decision after all.
 
Old Jun 21st 2007 | 5:25 am
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Default Re: Buying a repossessed car

We go to the dump in a 1987 Land Cruiser. No sense getting the good cars dirty.
 
Old Jun 21st 2007 | 5:40 am
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Default Re: Buying a repossessed car

Originally Posted by dbd33
We go to the dump in a 1987 Land Cruiser. No sense getting the good cars dirty.
We own neither a truck or anything like a Land Cruiser so our dump runs are made with a 1999 Toyota Corolla.

Fortunately they are few and far between.
 
Old Jun 21st 2007 | 5:44 am
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Default Re: Buying a repossessed car

Originally Posted by Steve_P
We own neither a truck or anything like a Land Cruiser so our dump runs are made with a 1999 Toyota Corolla.

Fortunately they are few and far between.
The vehicle of choice at our dump, after the F150, is the Chrysler Cockroach series. Surely though you must have garbage pick up in Calgary so dump trips would be less of a routine.
 
Old Jun 21st 2007 | 5:48 am
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Default Re: Buying a repossessed car

Originally Posted by dbd33
Surely though you must have garbage pick up in Calgary so dump trips would be less of a routine.
Oh definitely but occasionally we do have stuff that is easier for us to take than expect the garbage men to pick-up.
 
Old Jun 21st 2007 | 6:02 am
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Default Re: Buying a repossessed car

Round here you slip the bin men a 5 or 10 and they take virtually anything short of a decomposing human corpse.

Its cheaper in the long run to bribe than to pay to run a truck just for the odd dump run.

And besides, if ones man is doing all the work, what does one care how many runs he has to make with one or two bales of hay in the trunk.
 
Old Jun 21st 2007 | 6:23 am
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Default Re: Buying a repossessed car

Originally Posted by Notiaink...honest
Its cheaper in the long run to bribe than to pay to run a truck just for the odd dump run.
Oh it's not just for that. On Tuesday we got drunk and took turns driving it very fast around the gravel pit. There's red wine all over the dash.
 
Old Jun 21st 2007 | 6:31 am
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Default Re: Buying a repossessed car

Originally Posted by Notiaink...honest
Round here you slip the bin men a 5 or 10 and they take virtually anything short of a decomposing human corpse.

Its cheaper in the long run to bribe than to pay to run a truck just for the odd dump run.

And besides, if ones man is doing all the work, what does one care how many runs he has to make with one or two bales of hay in the trunk.
Wish it was only an occasional trip - commercial premises, so no bin collection means a weekly dump run. Renovating a farm premises seems to generate a huge amount of crap....and that's not just from the 32 horses
 


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