What research should one do before buying repossessed cars?

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Before buying repossessed cars, you should first research the frequency of repair and maintenance costs on the models in auto-related consumer magazines. You can also ask for the car's maintenance records from the owner, dealer or repair shop.
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What should you do before buying a car?

Just a common sense approach with this suggestion.The reason youwould buy a newer or new car is your current vehicle is costing youmore than a car payment each month.My recommendation is researchthe cars your interested in on overall reliability and resalevalue.All cars have there good and bad point ( Full Answer )

Should you have a mechanic check out a car before you buy it?

Mehcanic inspection \n. \n. \n. \nIt's best to have any used car inspected by an independent mechanic before you buy it. For about $100 or less, you'll get a general indication of the mechanical condition of the vehicle.\n. \n. \n. \nA pre-purchase independent car inspection is a good idea ev ( Full Answer )

Where can you buy repossessed cars?

Here is a variety of advice: . If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value. . I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got ( Full Answer )

Where can you get a loan to buy back your car that was repossessed?

Answer . Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating.\nWith a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck.

Should the lender tell you where your repossessed car will be sold so you can buy it back?

It is not required. However, if you do discover where the vehicle is to be sold, provided it is close enough for you to travel, you can attend if it is a public auction as opposed to a dealer aution, and you bid like everyone else. Now, that being said, it seems it would be much easier for you to p ( Full Answer )

How do you buy a repossessed car?

If you are trying to buy a specific car, you can contact the bankor whoever holds the lien on the vehicle for more information. Youmay also start online with a free directory search for banks andother financial institutions who are selling repossessed cars. There are also other alternatives. You ca ( Full Answer )

Can you buy another car before your car gets repossessed?

O' yea, that is a brilliant idea. If you can afford to buy another car, then you can afford to pay for the one you agreed to pay for. Make the payments on the car you now own, and your problems will disappear. Stop being stupid and trying to work the system. They loaned you money in good faith. You ( Full Answer )

How much time do you have before your car is repossessed?

Answer . \nDepends on the contract you signed and the state that you live in. Some states require a 15 or 20 day Right to Cure letter be sent to the debtor prior to repossession and some states allow the vehicle to be repossessed the day after you miss your payment.

How long before they can repossess you car in Virginia?

The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.

Can your car be repossessed before thirty days?

Answer . \nIt depends on which state you are in. In Arizona you can be repo'd at the end of the business day that your payment was due. However most major banks and finances companies normally wait for up to 90 days.

Can you buy another car after a repossession?

Answer . \nYes, you can. My father did this. The thing is, you get a really high interest rate. You could try to have someone co-sign to get the interest rate down a little.. Answer . Yes but why would you want too??save your money and buy a used car outright.Then\nthere are no car payment ( Full Answer )

How long should you wait before trying to get a new car after a repossession?

Bad credit says on your account for 5-7 years. If you wait 3-4, then you may be able to get another car with a co-signer or with high interest. You may be lucky to get one after 2 years. The more attempts you make to inquire on your credit report to get a car, the worse it looks. You must go to a cr ( Full Answer )

If you are behind on your car payments should you file bankruptcy before the vehicle is repossessed?

\n. \n Answer \n. \nBefore doing that, you should go to your bank and explain your situation. They might be able to take over the loan at a lower interest rate. That way your payments may become smaller. If that doesn't work, maybe call whoever has your laon and explain your situation, see ( Full Answer )

Why should i test drive a car before buying?

Answer . The car you are looking at may look perfect but it may not sound good when you drive at high speeds. we recantiley were looking into buying a car and as soon as i hit the speed about 45mph the car started to make a nocking noise and later on that day i did a repart on the car and it was ( Full Answer )

How far behind do you have to be before your car can be repossessed?

Question: I am behind on my car payments. The bank hasn't sent me any delinquent notices so could the "repo man" come and take my car away without my permission?. Answer: Yes! In many states, if you are behind in your car payments, the lender can "repossess" your car without warning. The lender (or ( Full Answer )

Can i trade my car in before it gets repossessed?

NO. Your car has a lien on it. You do not own this vehicle, it belongs to the lender until you make the last payment. Trading it in on another vehicle is a horrible idea. You will only make a bad situation worse.. When you finance or lease a vehicle, your creditor holds important rights on the vehi ( Full Answer )

How can you research a house before buying?

I suggest try to maximize your research by using all forms of advertisements available like newspaper, magazines and the fastest which is online. You can also find for a solicitor or know a real estate agent whom you can be comfortable with to deal.

What is the catch in buying repossessed cars?

The biggest turn-off when buying Repossessed Car: As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the ( Full Answer )

Where can you buy repossessed cars from?

Repossessed cars can be purchased directly from Banks and Credit Unions. Many larger Banks and Credit Unions will simply send the vehicles off to "dealer only" auctions, but most of the smaller Banks and Credit Unions will offer these vehicles for sale on their websites to the general public. If you ( Full Answer )

Your car was on a buy back list because of problems Before the buy back could go through your car was repossessed What are your options?

Then the car was never yours - it 'belonged' to the finance company until you have paid the full amount. When a person buys something they pay the seller the purchase price - you didn't pay that money, the finance company did, so they were the buyer and you were using it with their permission unti ( Full Answer )

Can you strip a car before repossession?

You can, but its not a good idea. That will be classified as theft from the company, and they will then reposses your stuff to make up for the lost things from the car.

Should you buy a new car before you refinance your home?

That is a very common mistake that people do. The WORST thing you can do before buying or refinancing a home is buy something expensive, unless you are paying cash. It will lower your credit score and show as a new debt which lowers your ability to pay a mortgage. Do the house first!

Can you object to a repossession before car is taken?

Yes, and many people do object to their vehicles being repossessed, before and after the repossession. Unfortunately, your objection will have little effect. If you are delinquent or in default on your loan, and the vehicle was used to secure the loan, the vehicle will be repossessed. There are few ( Full Answer )

Should you buy car before or after buying a home?

I know Banks factor any big ticket items financed by a credit cardthat will increase your Debt to Income Ratio but if I am great atmanaging my finances and my history will prove that, then why can'tI be looked at as a responsible individual to manage my carfinancing as well as my new home?

What type of research should you do before buying a used Ford Escape?

When buying a used Ford Escape you should give the car a physical check, looking at all areas of the car and testing things such as the heat and air conditioning. Check the cars service history, hopefully the previous owner kept receipts from the servicing. It is generally worth it to have a mechani ( Full Answer )

Which used car should one buy?

I just want to say I am looking for a sporty car, rather fuel efficient but not too worried about that, I want something reliable and won't cost too much to maintain. My price range is 12000-13500. I was looking at a Mitsubishi Lancer 2009 but I am not too certain about the paint quality, or reliabi ( Full Answer )

What can one do to avoid repossession of their car?

Reposession of a car can be a problematic issue. Making payments on time is the most important and crucial step to avoiding repossession. Contacting the loan or lienholder to work out separate arrangements is often a good next step, as most loan holders will find it much easier to work out arrange ( Full Answer )

What research might one need to do before one was to buy flowers online?

There are many companies offering to sell flowers online. Work has to be done to separate the genuine from the fake. Secondly, the quality of flowers delivered and timely delivery has to be also researched. Online flower purchase sometimes has hidden charges and it is usually more expensive.

What should one know before buying a used car?

Before purchasing a used car, determine if the cost of a used car will fit into your monthly budget. You should research cars to find a target list of three different cars that you would consider purchasing. Write out a list of features that you really want and that would be nice to have so when you ( Full Answer )

What research might one need to do before one was to buy cheap books?

The best place to buy cheap books isn't online. Although a book might cost only a dollar, shipping costs eliminate any real savings. Book lovers should research their local areas. Antique stores, flea markets and libraries are great places to find cheap books.

What research might one need to do before one was to buy a computer desk?

Typically before you would purchase a computer desk you would want to know the size of the desk you need, height of the desk you need, and if you need extra storage like drawers. You would also want to know if your computer and your monitor would fit comfortably on the desk as well.

What research may one need to do before one was to buy Dish Network products?

You would want to make sure Dish Network is providing services in your area before you buy any products. Dish Network has an overall great customer support team that can literally answer any type of question about their services that you may want to know. They have great promotional rates that don't ( Full Answer )