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	<title>Comments on: Where can I find repossessed sports cars?</title>
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	<link>http://mostpopularsportscars.com/2009/09/18/where-can-i-find-repossessed-sports-cars/</link>
	<description>The Need for Speed!</description>
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		<title>By: ElGrande</title>
		<link>http://mostpopularsportscars.com/2009/09/18/where-can-i-find-repossessed-sports-cars/comment-page-1/#comment-213</link>
		<dc:creator>ElGrande</dc:creator>
		<pubDate>Mon, 21 Sep 2009 21:05:13 +0000</pubDate>
		<guid isPermaLink="false">http://mostpopularsportscars.com/2009/09/18/where-can-i-find-repossessed-sports-cars/#comment-213</guid>
		<description>The first answer is spam.

There are indeed auctions for exotic vehicles, but you&#039;re not going to go out and find a bargain... if that is your motive. Young kids come on here all the time and ask if they can find some magic auction where they sell exotics for $10,000. Doesn&#039;t happen. 

Usually, these cars are paid for with cash. Most folks that own them do not finance them, so they&#039;re hardly ever repo&#039;d in the literal sense, they are usually taken when a lender or court seizes assets. If the car is auctioned off to pay for whatever debt is owed, they usually don&#039;t go for bargain-basement prices. And, the folks that purchase these cars in this manner know what they&#039;re doing. These folks then turn around and sell these vehicles at market prices. 

So, sorry... sites like you want do not exist. 

If you&#039;re serious, find yourself an auto broker that attends these auctions, tell them what you want and your reserve price... they&#039;ll try like heck to locate one or get one at auction. But if you walk in there and tell them you want a new Lambo for $50K, they&#039;ll laugh at you and wish you a good day. 

Hopefully (and based by your other questions, you haven&#039;t done this) you&#039;ve researched everything involved with owning an exotic. Maintenance costs on exotics are extremely expensive. Insurance is outrageous (and you don&#039;t call Geico for that). If you enjoy spending $350 on an oil change, have at it. Need new brakes? Cough up $4000. 

I will give you credit, though... unlike the kids who come on here asking this same question over and over, at least you spelled &quot;repossessed&quot; correctly.</description>
		<content:encoded><![CDATA[<p>The first answer is spam.</p>
<p>There are indeed auctions for exotic vehicles, but you&#8217;re not going to go out and find a bargain&#8230; if that is your motive. Young kids come on here all the time and ask if they can find some magic auction where they sell exotics for $10,000. Doesn&#8217;t happen. </p>
<p>Usually, these cars are paid for with cash. Most folks that own them do not finance them, so they&#8217;re hardly ever repo&#8217;d in the literal sense, they are usually taken when a lender or court seizes assets. If the car is auctioned off to pay for whatever debt is owed, they usually don&#8217;t go for bargain-basement prices. And, the folks that purchase these cars in this manner know what they&#8217;re doing. These folks then turn around and sell these vehicles at market prices. </p>
<p>So, sorry&#8230; sites like you want do not exist. </p>
<p>If you&#8217;re serious, find yourself an auto broker that attends these auctions, tell them what you want and your reserve price&#8230; they&#8217;ll try like heck to locate one or get one at auction. But if you walk in there and tell them you want a new Lambo for $50K, they&#8217;ll laugh at you and wish you a good day. </p>
<p>Hopefully (and based by your other questions, you haven&#8217;t done this) you&#8217;ve researched everything involved with owning an exotic. Maintenance costs on exotics are extremely expensive. Insurance is outrageous (and you don&#8217;t call Geico for that). If you enjoy spending $350 on an oil change, have at it. Need new brakes? Cough up $4000. </p>
<p>I will give you credit, though&#8230; unlike the kids who come on here asking this same question over and over, at least you spelled &#8220;repossessed&#8221; correctly.</p>
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