Why are there so few sites selling repossessed cars online?
Despite the fact that there are so many products and services being sold online nowadays, places available to buy repossessed cars on the internet are scarce. This is mainly because it is easier to sell these vehicles in one location via an auction. Cars can be sold in a matter of minutes and payments can be exchanged immediately. There is no hassle of transporting cars to customers that selling via a website might have. There are repossessed car auctions operating in every major city in both the UK and USA so finding one isn’t hard. They also provide the opportunity for potential buyers to physically inspect the vehicle while the sellers are recouping money back for the loan on the car through a quick sale. Having said that, there are auction sites such as GAUK who are selling very successfully over the web.

My car is due to be repossessed, will I be charged to have it taken away?
When a car is repossessed the finance company will charge you any additional costs on top of the loan amount on the vehicle. This can include bailiff costs or the amount it costs them to get someone to tow the car away. Court costs and payment penalties can also be incurred. So therefore the answer to this question is yes.

After making regular payments and paying off the full loan on my car, the finance company repossessed my car without written warning after claiming that 7 months of payments had not been made on the vehicle. My bank statements prove I never missed a payment. What can I do?
The finance company has no right to repossess your vehicle in this way. Our advice would be to speak to a lawyer or visit the local Citizens Advice Bureau.

My car still has finance repayments outstanding, can a bailiff still come and repossess the car for a different debt eg. failure to pay parking fines?
Yes, even though the car still has finance, the car can be repossessed if the vehicle is in your name. When you owe money for an unrelated debt, the bailiffs will look to recover the debt they have come for by removing your assets. If one of your assets is your car then they will have the right to take this away. The unfortunate thing is that you will still have to pay back the loan on the vehicle even when it has been taken away so it is best to pay those parking fines.

Now that you have made up your mind that you are willing to consider buying a repossessed car, knowing where to buy one is the next stage of the process. Repossessed cars are available for sale in the UK in a variety of locations.

Buying a vehicle of this type can often make you huge financial savings and it’s fair to say that it is a common myth that repossessed cars are not roadworthy or have been in poor condition. This negative social attitude often stops people considering this type of purchase.

In actual fact, these are only myths and stereotypes. The majority of cars are repossessed due to a change in financial circumstances for the owner, often the cars are almost new or in excellent condition, a far truth from the common myths of a smoking pile of junk.

It may also be the case that the owner may have attempted to sell the car before it was repossessed and had been unsuccessful. How many people do you know who would consider the sale of their car in a less than sellable condition? Anyone looking to sell their vehicle would make sure it is in the best condition possible. The only time a car might be sold in a poor condition would be in the case of a quick sale….if they were looking to do this then it’s more than likely it would have been sold to a second hand car dealer. A car dealer’s forecourt is going to be the location where a car can be expected to actually be a pile of junk.

So where can you go to take advantage of these low prices? Repossessed Cars recommend the various car auctions going on every day to be the best place to find repossessed cars for sale in the uk. Our homepage contains a list of all the running auctions local to you, searchable by location. Simply scroll to the bottom right of the page and find an auction location in your area.

Visit our homepage and find repossessed cars for sale uk.

Before attending an auction, it’s important to remember that although you can make huge savings, it is a case of knowing exactly what you are doing. We have a number of guides designed to assist in this process. Again visit our homepage in order to make a start on finding the help and advice you require. We have a number of auction guides, written especially to make sure you don’t end up getting ripped off.

Another piece of advice would be to try and find desperate or distress sellers. Viewing message boards on the internet, car magazines and newspapers are all good places to start. Often desperate sellers are attempting to avoid repossession and so may be more willing to let their car go for a knockdown price. Speaking to car dealers can help to get information on locations near you which are selling repossessed vehicles.

Many residents in the UK are looking to emigrate overseas. As a result, they are often looking to sell their car as soon as they can. Often with constraints of deadlines before their impending move, they are more open to the idea of negotiation. Someone looking to leave the country, often using the sale of their car to finance their move, is a good person to find and approach. Again the internet is a good place to find people like this. Adding adverts on the internet will often bring the sellers to you. Remember an estimated 400,000 people emigrate from the UK each year. It’s more than likely a large proportion of these people are attempting to make a quick sale of their car.