Subject	Re: advice- would you buy a repo car? >>
Posted by	MightyAA on February 01, 2017 at 8:01 PM
	This message has been viewed 323 times.
In Reply To	advice- would you buy a repo car? >> posted by stockplayerz(nyc) on January 28, 2017 at 10:08 PM
Message	Meh... I saw a John Oliver rant on this sort of thing. It's sort of like they took the old subprime mortgage industry and flipped to automobiles; particularly the cheaper "no credit needed" used car market. So, they have aggressive sales pitches to qualify and lock you in on a car you can't really afford and no one sane would give you a loan on. It's practically a guarantee that a significant portion will end up defaulting. They get back the car and put it back on the block to sell. [ http://www.autonews.com/article/20160816/RETAIL/160819887/subprime-auto-lending-gets-blasted-by-comedian-john-oliver ]
Follow Ups	advice- would you buy a repo car? >> - stockplayerz(nyc) 22:08:20 01/28/17 Sounds like the guy has access to auto auctions, buys a car - Bernie (NoVA) 22:40:38 01/28/17 Doesn't hurt to look at it, otherwise you may always wonder. (n/m) - jgbatlantaZ 09:29:51 01/29/17 Auctions are common when older cars are traded in. May not - bbug 09:59:08 01/29/17 not an automatic disqualification for me. (n/m) - BoneZ (MD) 14:05:38 01/29/17 Doesn't Florida have some funky retitle laws - Sportzcoop 20:46:52 01/30/17 Def not Florida - ZXoltan 08:06:44 01/31/17 FL used to be the place to wash a flood or salvage title. (n/m) - Bernie (NoVA) 13:12:02 01/31/17 Perhaps prior to the mid 90's. - ZXoltan 15:26:19 01/31/17 Re: advice- would you buy a repo car? >> - MightyAA 20:01:50 02/01/17
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