Dec 10
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When you buy RV or car repossessions for sale, you actually have a chance to walk a way with a great deal. RV and car repos are great investments. A repo rv or repo car will often be available for purchase at 50 to 75% below retail value. This is because the bank or lenders just want their money back as quickly as possible, so they will often sell repossessed cars and rvs for whatever they can get. If your drive a car off a new or a used car lot, that car drops in value. Not because it hase too, but because you overpaid when you purchesed it. When you buy a used or new car froma repo lot, these cars will often go up in value as you drive them off the lot. This proves that got a good deal on the car when you bought it.
Some of the reasons I most like being at car and RV repossessions for sale at auction are as follows:
Most regular cars and Rvs are overpriced. Rvs has a 40% built up margin, where the dealer can sell there Rvs fo a lot more then invoice. Dealers can even get discounts that allow them to buy way below invoice. When you buy at a repo auction, you can avoid a the dealer mark up and even buy them for a lot less then their trade in values.
No two auctions are alike. Auctions typically have a 100% turnover on all of their inventory. This means that no two auctions are a like. Each one is new and different. People who get the best deals attend these regularly and when there is a lot of inventory and only a few buyers, this is one of the best times to buy.
The third benefit is that you ncan close most sales in under two minutes. This is from the start of the live auction until the auctioneer declares it sold. No need two spend hours trying to negotiate a price with a used car dealer.
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