Repossessed vehicles are in the center of an unusual Venn diagram for car purchasers and vehicle owners. A repossessed vehicle is a terrifying prospect for car owners, but it can be a wish come true for used car buyers, who can save a fortune on a vehicle in near-perfect condition. Over 80% of the 2,7 million vehicles purchased in 2022 were financed in some manner, and financing remains a significant portion of how people acquire vehicles. Therefore, there will always be a constant supply of repossessed vehicles on the used car markets in the United Kingdom, for better or worse.
What is a repossessed car?
Repossessions occur when vehicle owners fail to keep up with their repayments on car loans and hire purchase or personal contract agreements. Many of these vehicles are still in exceptional working order, with few or no structural or cosmetic issues, making them a great-value purchase for our customers across the UK.
We pride ourselves on giving our customers the best of both worlds. Our trade offers mean you get the lowest price possible, especially compared to main dealers. All our vehicles are HPI checked for your peace of mind
Is it safe to buy repossessed cars?
Absolutely. Purchasing a repossessed car could result in a very good investment opportunity. Buyers can source vehicles at a lower cost than market value.
The cars we sell have been taken over by the government or the banks from people with financial woes and repossessed. We participate in auctions for these vehicles all over the United Kingdom, we buy 20-30 cars at a time for a good price and we sell them for a small profit.
Frequently Asked Question
These are vehicles seized when owners fail repayments on loans.
Yes, many repossessed cars are in exceptional working order.
Absolutely, they're checked thoroughly and offer great investment opportunities.
We participate in auctions all over the UK, purchasing vehicles that have been seized by government or banks.