bank repos

Places To Find Repo Cars For Sale In Springfield Missouri

Posted by admin on June 04, 2011
Missouri Repossessed Cars / Comments Off

There’s a few places to find repossessed cars for sale in Springfield Missouri. You’ll usually find that the repo auctions in Springfield MO are reserved for the car dealers. However, sometimes you’ll strike it lucky if you keep checking out these places and find a repo car auction that is open to the public.

These people do all the work for you and show you the auctions!

The repo auctions in Springfield don’t just sell repos, though. Sometimes there are government or industry fleet cars for sale when their old fleet is being renewed. There are bank repo auctions in Springfield, too, but generally these sorts of cars will be snapped up by the dealers and sold on used car lots for a lot higher price than was paid for them.

Of course, we can’t begrudge the used car dealers, this is their bread and butter. And because they have a better spending power than individual members of the public, then it often the case that they’ll have first dabs on the repossessed cars for sale on their patch.

To find the best used cars and repo sales in Springfield MO you should first check out the credit union websites for credit unions in that city. Quite often they’ll have a page devoted to selling cars where the owner has defaulted on payment. These seized cars can be old lemons and bangers but sometimes you’ll find an awesome little gem of a classic coupe or a nice SUV. If you get in on the bid and are lucky you can often shave a $1000 off the usual car lot price. That’s because they want to get rid of these cars and cover their costs. Again, the used car dealers will often snap these up but if you’re on the ball, and get to know somebody who is involved in the marketing of these types of repossed cars, you’ll often find yourself in a bid where 99% of the people in your area don’t know the sale is even on.

The other thing is, because of the recent recession, even the used car dealers are being especially careful with what they spend their money on for resale. If they can’t see a decent mark-up on a car, without splashing out a bit on some cosmetic body work or beating out a panel, they’ll probably pass on what is actually a sound, decent runner, with a good engine. If you know a mechanic or are interested in car mechanics and / or renovation you can certainly find some excellent bargain repossessed cars or seized cars for cheap from the bank repo auctions in Springfield.

The other place to try, outside of the banks and credit unions is the government, police and other agencies that might be in the business of seizing autos from criminals. These can range from top level drug dealers, gangsters, mafia and pimps who own some very nice classic cars or smart top end performance models, to your average burglar who stupidly got himself caught with a crowbar in the trunk and no way of paying to release the seized car.

I’ve already seen a 2011 V6 Dodge Avenger (almost brand spanking new) sold for $5000 off regular retail because it had a bashed in near side door from being involved in a police chase. Now if you know anything about cars, you’ll know that you can get that whole wing fixed for way under $5000. It depends on who is holding the car for sale in a repo auction and whether they deem it feasible to get that car fixed before they sell it on in an auction. Plenty of times they don’t bother. Just recouping the wholesale cost (or even less) is often all they are looking for. The fact that you can get your buddy in the body shop across the street to fix that door up as new for $500 doesn’t even occur to them.

I’ve listed some of the places where you’ll find repos for sale in Springfield MO below but remember that you’ll need to track some of the less obviuos places down yourself. It’s often worth a few phonecalls to some of the agencies and banks as outlined above to get the lowdown on repossessed cars for sale in Springfield.

Just before I list the places where you’re likely to find public auto auctions in Springfield MO, you should also consider the fact that you need a strategy when you are searching for the best of the used cars under $10000 in Springfield or even if you are looking for a bargain and going for a used car under $5000 in Springfield. Make sure that you stick to your budget, especially if you are going to check out these bank repossessed cars or government surplus auctions. This really is the best advice I can give because these repo auctions in Springfield will tempt you beyond all belief. You must stay focussed on your budget and keep your hands off your credit cards! Good luck. Springfield used car dealers also use this site, hence why I’m including the dealers only auctions.

These people do all the work for you and show you the auctions!

Manheim Missouri: A Wholesale Auto Auction
2944 West Sunshine, Springfield, MO

Dealers’ Auto Auction
5750 W US Highway 60, Brookline STA, MO

Mansfield Auto Auction
517 N Business 60, Mansfield, MO

Insurance Auto Auctions Inc
1155 North Eldon Avenue, Springfield, MO

Branson Collector Car Auction
131 Industrial Park Dr # 1, Hollister, MO

Easterly Auction Co
1598 W Farm Road 102, Springfield, MO

Branson Collector Car Auction
The Branson Convention Center, 300 Claymore Street, Branson, MO

Downtown Motors
6229 W Us Hwy 60, Springfield, MO

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The Advantages Of Buying Bank Repossessed Cars

Posted by admin on August 17, 2010
bank repossessed cars / Comments Off

Why bother with Bank Repossessed Cars?

Purchasing a brand new car is not just costly but it also means possibly taking on a long term debt. Better yet, to save you the daily costs of traveling as well as tedious commuting situations, you need to purchase a car that is reliable, practical and in good shape. Good thing that there are bank repossessed cars. These cars are obtained by banks from first hand users who usually have failed to comply with their loans; and because they have been repossessed, they are a lot cheaper and often more practical than brand new cars.

So What Are The Advantages of Bank Repossessed Cars?

These bank repossessed cars are a lot cheaper than brand new vehicles. You can even get up to 50% off regular used car prices. Some banks that have a lot of them in reclaimed car yards may even offer them for less. Aside from the fair deal that you get from its price cut, you can also take advantage of the fact that these cars are a lot practical that you do not get to pay for the car at high price for a very long time. There are a number of cars that you can purchase outright because they are relatively handy for your budget.

Where Can I Find Bank Repossessed Cars?

Bank repossessed cars are also dependable. They are almost guaranteed to be in good working condition, given that the banks are the ones who received them as payment from previous owners. Banks are always meticulous in terms of receiving assets and repossessed cars are one of the few assets that they thoroughly check before approving. They check the components included in the car, the model, style and brand, the number of times it needed repair, the provided period and regularity of the mobile’s maintenance, the year of purchase and the number of years used, the requisite insurance policies and so on. The checking is strict so you can be assured that the car you would get is practically reliable and absolutely in good condition.

There are more articles on this site about bank repossessed cars if you want to have a look around.

Try Here for an article on Bank Repossessed Cars In Alabama

Or Here for an article on Bank Repossessed Cars in Alaska

bank repossessed cars

bank repossessed cars

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