Car Auctions

[OWNED]

Ok, lets say there's at car at Regal Auctions in Calgary that I am interested in buying.

What are the limitations on buying this car?
Can they sell me it if its written off?
Can they sell it to me with major problems?

Anyone know, or have any experience with Car Auctions?

[Weapon_R]

Not sure if I can answer all of your questions, but have you ever considered the reason why people put their cars in the auctions?

Most of them have serious problems that cannot be easily recognized by bargain seeking auction buyers. They can sell it to you with major problems, and you are left with the foot up your ass. If a car was written off and has since been repaired, it is fair game.

Not sure what you mean by "what are the limitations on buying this car"

[nismodrifter]

major problems - yes they can sell you one....thats the thing about auctions, you don't know EXACTLY everything about what could be wrong with the car

that being said.....all of the cars that our family owns right now have been purchased at auction......all of them were bank repo and none of them have had any problems since time of purchase (the jetta was actually maintained PERFECTLY, the previous owner stuck to the maintainence schedule right to the fine print and the car had the timing belt changed around 5000kms before it got repo'd ahahah).
We got a good deal on all of the cars as well (4-6 thousand less than regular market price...) and the cars were still covered by manufacturer warranty at time of purchase.

if you don't know what to look for when going to an auction make sure you take someone who DOES otherwise you are going to get SCREWED

[OWNED]

What I meant by "what limitations.. blah blah" was basically what can then do / not do? Can u take it for a test drive? Can u get it inspected?

There is a 87 RX7 Turbo 2 at regal im interested in. The body is in mint condition but havnt heard it run or seen it started.

So do u think its better to try to stick with "Bank Repos" instead? Are there any good deals with those?

thanks

[3G]

Originally posted by Weapon_R
Most of them have serious problems that cannot be easily recognized by bargain seeking auction buyers. They can sell it to you with major problems, and you are left with the foot up your ass. If a car was written off and has since been repaired, it is fair game.

Not sure what you mean by "what are the limitations on buying this car"

They have nothing to protect you from buying a written off car. Sometimes they say it in the auction ring when the cars going through but they say it so fast you gotta listen carefully. As for problems, Cars under $4000 are sold on a "as is" "where is" basis. Cars over $4000 are disputable for major engine problems.


Originally posted by OWNED
What I meant by "what limitations.. blah blah" was basically what can then do / not do? Can u take it for a test drive? Can u get it inspected?

There is a 87 RX7 Turbo 2 at regal im interested in. The body is in mint condition but havnt heard it run or seen it started.

So do u think its better to try to stick with "Bank Repos" instead? Are there any good deals with those?

thanks


You can't test the cars on a sale day. You can't even start them. If you go on a non-sale day they'll give you the keys, you can drive it up and down the auction block and that's about it. I can't remember their policy on inspections but you can't take it off the lot without paying for it. As for Bank Repo's, they seem to be the best bet, and the Bank's usually let them go for cheap (they just want the money from the loan bank). I remember a 90 Talon TSi going there for $850. Good lucky oh ya you have to pay a buyers fee and GST on your purchase. Happy Bidding!

:thumbsup:

[carguy]

yeah they can sell u if its stolen, written off, has problems
you're usually taking a big risk.. its not like they let u open up the hood or anything

[tegdream]

Originally posted by carguy
yeah they can sell u if its stolen, written off, has problems
you're usually taking a big risk.. its not like they let u open up the hood or anything

actually you are allowed to inspect at least tahtmuch howevee i dont know so far as being able to drive it, on non-auction days you are allowed to sttart them and stuff!

[nismodrifter]

Originally posted by carguy
yeah they can sell u if its stolen, written off, has problems
you're usually taking a big risk.. its not like they let u open up the hood or anything

?????? you can inspect the car as much as you want pretty much...even on sale day. Doors are open, everything is open, get underneath it if you really want...

[3G]

Originally posted by nismodrifter


?????? you can inspect the car as much as you want pretty much...even on sale day. Doors are open, everything is open, get underneath it if you really want...

yah true but you can't turn it on to see how it sounds or you cant see how it drives and shifts etc etc on auction days.

[James]

Some places will let you start it, but not drive it( i got in BIG TROUBLE for tht at Regal once).....and you can get some type of insurance, where if the car fails an inspection you can return it, but it has to be THE SAME DAY you bought it, plus you be out the inspection money/time etc.......just be carefull.

[OWNED]

ok.... I think im gonna stay away from auctions then

[3G]

Originally posted by James
Some places will let you start it, but not drive it( i got in BIG TROUBLE for tht at Regal once).....and you can get some type of insurance, where if the car fails an inspection you can return it, but it has to be THE SAME DAY you bought it, plus you be out the inspection money/time etc.......just be carefull.

regal yelled at me for starting the car :thumbsdow at Graham u can move it up and back. At Michener they never said shit to me

[CelicaST-162]

I drove a car back and forth at regal and they did not say anything....:dunno:

[3G]

Originally posted by CelicaST-162
I drove a car back and forth at regal and they did not say anything....:dunno:

Was this recently? on a sale day? They've gotten real anal about this these days cause this one crashed a car into another and he left.

[CelicaST-162]

Just last week, ON sale day

[Big_C_racing]

I'm guessing this thread is kinda done now but......at rgal, they will tell you if the car has been written off.....or out of province. They will also say where the car was last registered. They will give you the keys on auction day as long as you come before 10am on auction day(for saterday auctions) and you can start up the car but are not supposed to drive it. There are no restrictions for checking out the car at regal under the hood and otherwise. If the car is dead they will give you a booster. Another thing to check if you are planning on purchasing a car at regal is to ask if the car has been through any previous auctions and if so, how many and what was the high bid. Can find out the reserve on the car also but reserves at regal are not at all set in stone as OWNED found out.......

[-250-]

So I am looking to go to these auctions, but I dont know where they are.

Maybe some of you guys can give me some addresses and phone numbers!

Much appreciated.

-Adam

[nismodrifter]

most of the auction places have websites...they have all the info you need including lists of upcoming sales and how much cars sold in the previous sales, here's some links for you to checkout (all of them have addresses/ph#'s so you know where to go...) :)

http://www.grahamauctions.com/

http://www.michenerallen.com/

http://www.repo-depo.com/ <---cars on this site usually end up at regal or michenerallen....so you can check out whats possibly going to be up for auction BEFORE the auction places even have the car on their lots (you don't know exactly where they are going to but you can see whats coming up...)

www.regalauctions.com <---place where most people go.....