What are the pros and cons of buying a repo vehicle?

by admin on February 13, 2010



Looking for a newer car at a cheap rate. Was told that going to government auctions or banks for repossessed vehicles is the best way to go. Is this risky and would i be getting a quality / reliable vehicle?

Originally posted 2008-12-23 18:23:36.

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rottendog93 December 24, 2008 at 9:35 pm

It’s just like buying anything used. A repo from a bank you can most likely test drive. If you aren’t car smart, take it to a good reputable mechanic and get it checked out. Get a car fax report on it.
At a government auction they normally do not allow test drives. They simply start the vehicle to let you see that it runs. This can end up real ugly.

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