Frequently Asked Questions
1. Where do these machines come from?
The term repossessed in repo machine auctions is being used to mean that the machines have been taken over by the United Kingdom government or by financial institutions or banks from people or companies with financial woes and cannot pay for the loans that they made.
The government and the financial institutions want to sell the machines as quickly as possible since storing them will only incur cost on their part.
They cannot afford to pay for maintenance so getting rid of these seized machines is their best option.
2. Are these machines in good condition?
Contrary to popular opinion, repossessed machines sold through repo auctions are not damaged nor are they faulty. They are not, therefore, sold, simply because their owners have found them no longer work worthy. Because of this, most of the machines are in very good condition.
Like many things in life, repossessed machines come in all forms ... the good, the bad and the ugly. We only buy the good. How do we know this? Well, our company has bought and then resold literally thousands of machines that had been taken back by their lenders. We cannot be tricked, we have a lot of experience, and we inspect the machines.
3. Why are your prices so low?
Lenders such as banks and credit unions are not in the selling business. They want a quick sale to reduce their loan loss (the original car buyer is still responsible for the difference). This typically leads to pricing that is difficult to match anywhere else.
We buy in large lots and for this reason the purchase price per unit is lower.
Our business is concentrated on profit from quantity (not high prices) and fast capital movement. That's why we prefer to sell a great number of machines and to obtain low profit margins per sold unit instead of selling a limited number of machines at very high prices.
4. Do I have to pay the sales tax?
NO. All machines are sold with no sales tax since they are repossessions.
5. Do you take Trade-ins?
Unfortunately we don't offer trade-ins.
6. Do you offer financing?
We are sorry but our company does not offer financing. You will have to arrange the financing on your own.
7. Do I have to pay any remaining loan?
NO. All the machines listed have been taken over by the government or by financial institutions or banks so you will not have any financial or legal responsibilities.
8. Do the vehicles come with clear HPI?
YES. All the vehicles are coming with a clear HPI.
9. How long does it take to get my machine?
The machines will be shipped within 2 business days after the payment is confirmed.
Depending on the distance and our shipping schedule it will take up to 3 business days to receive it.
10. How much do I have to pay for the delivery?
Our company will arrange for transportation to your location. The delivery is free within the United Kingdom.
11. Is the machine insured during the shipping and inspection?
YES. The machine remains fully insured for damage during the shipping, inspection process and prior to V5 transfer.
The insurance is covered by our company at no additional price.