Repossessed Motorcycles

Buying Repossessed Motorcycles at Auction is as Simple as ABC

Author: Joe Reilly

Buying repossessed motorcycles at auction, is the best way to get the bike you want at a

really sweet price. Motorcycles are repossessed for a number of reasons including the

owner not being able to make repayments, failing to pay taxes or if the bike is purchased

through the proceeds of crime. None of these reasons are a reflection on the quality of the

bike itself, in fact you will be surprised to find how many are late models with low mileage.

Many dealers buy their stock at auction then sell on their vehicles to the public at a profit.

Why not cut out the middleman and get the best possible deal at a repossessed and seized

vehicle auction? I will give you some advice here to make sure that you get a great

repossessed motorcycle at an even better price. It really is as simple as ABC!

Auctions

These public auctions take place regularly all over the country. You just need to find out

where they are taking place and attend the auction in order to view the bikes available and

bid on the one you choose. The auctions are not widely advertised, but you may find notices

in the legal section of your newspaper. Another alternative is to use an online aggregate

auction service, which will provide updated lists of all auctions taking place.

Be Prepared

There are a number of things you should do prior to the auction in order to be prepared. I

would advise you to get a list of the vehicles available on the day. Decide which motorcycles

you are interested in make a note of the VIN and do a background check. You should also

check the market value of the bike and set your bidding limit, to ensure you get great value.

Also, find out what you need to bring to the auction with you. This may include a drivers

license, letter of credit from a bank or a credit card with a limit, sufficient to cover your bid

etc.

Check

Prior to the auction, you will have an opportunity to check the repossessed motorcycles

available. If possible, bring a mechanic along with you for the check if you are not familiar

with the technical aspects or engine mechanics of the bike. If this is not possible, make sure

you check the bodywork for signs of damage, run the engine and check the oil to ensure that

it is clean. Take your time during your inspection and ensure that you are satisfied that the

motorcycle is in good running order, before you decide to bid.

Finally, don’t abandon the idea of purchasing a repossessed motorcycle, if the first auction

you check out doesn’t have the model you are looking for. There are many repo auctions,

taking place at regular intervals, so just be patient and you might just find a real gem.

Find Full Repo Auction Listings with this FREE TRIAL.