Generally speaking repos are NOT a good deal, because when they can't
afford to make payments the generally also do not look after
maintenance. Personally I would be quite leary of buying a repo more
than a year old. I generally buy low mileage 5 year old trade-ins for
my cars. My trucks? Whatever I can get cheap in good condition. My
current truck - a Ford Ranger - was an exceptionally well kept16 year
old truck with 307,000km on it that needed a clutch release cyl and
had a cracked windshield. Other than that you could have set it on the
showroom floor. Anyone would have believed 30,700km.
It's up oer 320,000km now coming up 2 years later - and the only issue
I've had is a squeaky u-joint - so I replaced them both. Paid $1500
for it, with box liner and cap - appeared to never have carried a
load. I added A/C this summer.
For the little mileage you put on, find a good larger car - one that
has poor resale due to poorer fuel mileage. Get one in excellent nick,
with low mileage and you have a car for the rest of your driving life.
My wife's "new" car was purchaced just over 2 years ago -2002 Ford
Taurus - had 58000km on it - looked like brand new -bought it "as
traded" - but safetied, from a local Ford dealer, They had sold it new
and serviced if since new - the old gal who owned it decided she was
going to have ONE MORE brand new car in her life. Cost us $6500 and
the only thing we've spent on it in 23000km is a set of tires and oil
changes. The last couple I've purchaced that way we have kept for 12
years. Sold the one for $1700 when I was finished with it, and
scrapped the other one (body rust).
What ever you do - DO have your mechanic look it over before you buy
it. I'm a semi-retired "wrench" myself, so I just check it over
closely myself - I know what to look for.
I would not personally get a repo. If they couldn't afford the payments
they probably aren't very responsible and probably didn't keep up on the
People sell vehicles for all sorts of reasons. In the case of a truck it
could be that they had a baby and need something better for a baby seat. Or
it was the husband's vehicle and he died. Or it's an elderly person and
they can no longer drive. And of course as you mentioned, some people just
do trade in every 2 or so years. I know people like that.
Should be no problem taking a vehicle to your mechanic if you are serious
about buying it. Any dealer would allow you to do this and if buying from
the owner and they won't let you, then look somewhere else.
When I have gotten a vehicle, I usually look at Consumer Reports to see
which ones had recalls or problems. Sometimes this information didn't even
come out until after I purchased. Like leaks, rust or brake problems. Or
the Ford Windstar I am now driving that has had so many recalls since I got
it, I lost track of the count!
I have been lucky with my last four vehicles. This one and the last one
were purchased from my BIL who is a mechanic and sells used vehicles. Alas
he lives in PA and I now live in WA so not likely we will get any more from
Prior to that, I bought one from my trusted mechanic. For a time, they sold
2 or 3 used cars at any given time. That car was super reliable and needed
nothing aside from routine maintenance. I sold it years later for about
what I paid for it.
Prior to that I got a 74 Dodge Dart that I heard about from a neighbor. His
friend was selling it. We knew of rust damage which we fixed and it was
also repainted. And two weeks after I got it, it threw a rod and the engine
blew. My mechanic said it was one of those fluke things. Nobody could have
predicted it. After those things were fixed, no major problems and once
again I sold it for almost what I paid for it.
Only car I had that was a real lemon was the 70 Maverick. And I think they
all were. I was lucky to get it to run for two weeks straight without
needing some sort of repair. And to do the inherent brake problem, it was
three different colors when I sold it. This after I had it immediately
repainted. In other words, I kept hitting stuff because it wouldn't stop!
And I had to put on new body parts.
So... What I have learned is... Don't bother to buy something that needs
painted. Even if I don't like the color, just live with it. Paint is
expensive and you might not get a good paint job. Which is what happened to
me. The paint chipped off. So it wasn't worth it. And don't buy something
that already has known rust on it. Now if you live on the East Coast, some
rust might be inevitable as they use salt there on the roads. No salt here
in WA so our vehicles shouldn't rust.
I prefer to buy a used vehicle that is 2-4 years old. Enough time has gone
by that the price should be pretty affordable and you will know of any known
problems inherent to that vehicle.
Often those are the best ones to buy if you know the history. A friend
bought several cars from a dealer over the years that were about 2 years old
and had very low milage on them. They belonged to a wife of an exective of
a large company. They were traded in just because someone of that social
status did not want to be seen driving a car older than about 2 years. The
cars had way less than 10,000 miles on them, had been serviced by the book
and in a garage most of the time.
This email is free from viruses and malware because avast! Antivirus protection is active.
Not true at all. My cars are properly serviced and well cared for, but
nothing will show on CarFax. My cars are carefully driven and a good
buy for the next owner. (with the exception of my last Buick, but I
hgave that away)
OTOH, I know a couple of cars that will show up with oil changes but are
driven by idiots that tend to beat on them.
About the only value to CarFax it may show if the car was in an accident.
In Ontario Canada a $20 "sellers kit" is mandatory for private sales
and gives total ownership history. It is available for ANY car - even
dealer sold and well worth the money if you are serious about a used
car on a dealer lot. Keeps the salesman honest. If he says it was a
local tradie-in and the sellers pack shows it came from 300 miles
away, don't believe a single word he says about the car beyond the
colour and make.
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.