Pre-Owned Cars, Auction Cars, Repossessed Cars, etc

[Toeknee_33]

Update - true enough, the same car was put up for auction again a few weeks later.

 

I participated in the auction again and after much aggravation, I am now the owner of the car.

[Ody_2004]

Update - true enough, the same car was put up for auction again a few weeks later.

 

I participated in the auction again and after much aggravation, I am now the owner of the car.

 

congrats!

 

mind sharing u bid higher this round compare to last?

[Toeknee_33]

congrats!

 

mind sharing u bid higher this round compare to last?

At the same depre rate.

[Ody_2004]

At the same depre rate.

 

ok then kinda strange they don let u hv it previous round

[Toeknee_33]

ok then kinda strange they don let u hv it previous round

Apparently it's not the price cos it will only keep falling. The auction did not meet their requirements, they say.

Edited May 19, 2019 by Toeknee_33

[Knoobie]

Apparently it's not the price cos it will only keep falling. The auction did not meet their requirements, they say.

 

maybe you were the only bidder the first round? 

[L23]

Apparently it's not the price cos it will only keep falling. The auction did not meet their requirements, they say.

 

Is it true that the amount you pay is much lower than the market price for the same model?

[Toeknee_33]

Is it true that the amount you pay is much lower than the market price for the same model?

 

In my opinion, yes, but it must be cautioned that its a measured risk. In my 2 cases, both cars were gems, fortunately.

 

Buying a used car from a car dealer is already tough enough. I don't advise novices to attempt buying auction cars. 

Edited June 14, 2019 by Toeknee_33