Repo cars

[stealthn]

So I've been at a client site for a couple of months and see big fork lifts moving cars around in the lot across the street. I couldn't believe how they move the cars around, from the front, sides, backs, just bouncing around on the long blades. I figured out it must be a repo lot, and wondered what happens to the cars, do they get get sold back to the public, crushed, sold at auction?

They should never allow these cars to be driven again, who knows what's damaged underneath.

Do the banks get insurance money for the cars?

Clue me in please

Cheers

[kach22i]

I was expecting a hilarious thread on the miscellaneous condition repo vehicles are found in. You know, no wheels, and stripped down.

I supposed crawling under a car pre-purchase is more important than ever.

[Arizona_928]

Very common around these parts. They pick the humvees up by fork lift. No damage

[legion]

Which is why these vehicles are sold at auction to low-end dealers.

We have one low-end dealer in town that doesn't require a credit check. All of their cars are equipped with GPS trackers/immobilizers and if you miss a payment, they just come and get it. These cars are 10+ years old and look a little rough. I kind of wonder how many times, on average, they "sell" a given vehicle.

[pen15]

I worked on one of these cars that was damaged by the yard with a large forklift, the purchaser was reimbursed for all the damage that was done by the forklift so I assume that they expect no damage to be done. Regarding the gps units installed in the used vehicles, I was paid to remove one from a customers vehicle by the finance co when the rig was paid off. They said throw it away. I opened the unit up. Empty! Just there as a scare tactic.