What considerations should I make when thinking of buying a repossessed car at auction?

Answer by  Amber40 (24961)

Well the biggest thing to realize that all sale are typically final. Once sold the seller has requirement to fix defects. Vehicles are sold as is so you must be very thorough in inspecting the vehicle before buying.

Answer by  jspins (4)

One should always consider why the said car was repossessed in the first place. Also, as you should do with any car you are considering buying, you need to inspect the car to make sure that is in acceptable working condition. If the repossession reason is not something to drive you away, go for it!

Answer by  amx41790 (23)

You should consider a few things. 1 - Whats the worse probable thing to be wrong with this vehicle? 2- How does the price im willing to pay for it compare to its resale value? 3- Am i willing to take the risk?