[wadsworth]

Was looking to buy a excavator has anyone ever try to buy a repossessed machine wanted to know if it was a pain in the but.

 

[Skidsteerman]

Was looking to buy a excavator has anyone ever try to buy a repossessed machine wanted to know if it was a pain in the but.

Once the machine has cleared all repossession legal proceedings, it will be sold pretty much as a used machine like anything else. This also depends on whether or not it was dealership backed financing or MFG backed financing on the repossession end results. We don't do dealership financing, only MFG backed financing so were not involved with repossession directly. Once the machines are cleared, then they go up for dealership auctions and if no one purchase it from there, I would assume they just send it regular auctions. Don't know. Also don't know how other brands handle this.

Some times people are looking to sell their iron outright and take a huge hit just to be free ad clear of their debt with the machine also. But buyer beware, make darn sure the machine is free and clear after you purchase it... like contact the financing company that is holding the note yourself and make arrangements with them about pay off.

 

[Mini man]

Just bought a Cat 315 from Cat Used...it is a repo out of North Carolina........It was 10 or 15 Thou less then the others out there and Cat Mech. inspected it.

 

[Construct'O]

Do a lien search and if you get something with a title also do a search there.Do your research before you dive in.Private is always ifeee !

I have also been looking at repo stuff,lot more showing up now then a year ago this time.I'm guess it has just took this long to come too ahead.Don't know if this is a sign of more things to come or just slow getting here.

Good luck:usflag:

 

[Dirtman2007]

Just bought a Cat 315 from Cat Used...it is a repo out of North Carolina........It was 10 or 15 Thou less then the others out there and Cat Mech. inspected it.

I've been to that cat repo lot. Thats a lot a damn Iron sitting there!