What are 'Repo' auctions?
'Repo' auctions or repossessed auctions are held ordinarily throughout the country and are organized by financial companies. These associates have repossessed vehicles and goods ordinarily due to foreclosure or non-payment. They are paying for the warehouse of the vehicles and are only concerned in cutting their losses and getting rid of the vehicles as fast as possible. For this infer they put them up for auction with no keep prices and well low starting bids.
Motorhomes For Sale
How often do they happen?
These will happen once or twice a year but as they are held in many places you can nearly all the time find one happening close to most weeks.
Where can I find them?
The auctions are not ordinarily publicized and as such are ordinarily quite difficult to locate. They are attended mostly by members of the trade, dealers and the like but they are open to the public. There are a merge of websites that contribute lists of all the police or seized auctions along with the vehicles available at each - see the link at the end of this article.
How do you view the vehicles?
There is ordinarily a time set aside for the viewing of the vehicles before the bidding starts. In some cases a account is produced well before hand and a whole day or two is allocated for viewing.
Can you test drive them?
This is ordinarily not allowed but you are permitted to start the engines and witness as much as you need to.
Are they well that good a deal?
If a good end price is your objective then yes. You don't have the security, guarantees or financial payment schemes that a dealership will offer but it is often quite feasible to walk away with a luxury motorhome for as tiny as 10% of the book price.
Used Rv's For Sale at 'Repo' Auctions