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- What Is A Repossessed Car?
- Why Might A Car Get Repossessed?
- Why Repossessed Car Auctions Are A Great Choice
A repossessed car is a name given to a car that’s been originally bought on finance — whether it’s hire purchase (HP) or a personal contract purchase (PCP) — and has been taken from the buyer because they have failed to stick to the terms of the contract or failed to make repayments. Repossession is the last resort for finance companies, and they w...
Almost all repossessions are a result of the owner not sticking to the finance contract — whether it’s missing payments or breaching another key term. With HP and PCP finance contracts, the person providing the finance (usually a bank or a finance company) owns the car until all the payments have been made. So if a buyer fails to stick to the contr...
For most people, when choosing whether to buy a repossessed, it all comes down to the price. And rightly so. Because you can pick up a car for a fraction of the price of a dealership or a standard car auction. On average, it’s around 20 to 30 per cent lower than what the car initially sells for. As well as being cheaper, most repossessed cars come ...
New listing Mazda 6 Red 2.2 Diesel Manual, Keyless Entry, Tow Bar, Apple Carplay, Years MOT. Buy No Reserve Cars and get the best deals at the lowest prices on eBay! Great Savings & Free Delivery / Collection on many items.
Selling through auctions. When you list an item for sale in an eBay auction, you choose a starting price, and interested buyers place bids. When the auction ends, you sell to the highest bidder.
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