Repossessed cars for sale in the UK
At ASM Auto Recycling, we work closely with many of the UK’s biggest accident, stolen-recovered specialists and licensed credit brokers to auction roadworthy vehicles online.
We offer 24/7 bidding for online salvage auctions featuring many repossessed cars for sale across the UK, with over 2,500 roadworthy or repairable cars sold each week.
What is a repossessed car?
Repossessions occur when vehicle owners fail to keep up with their repayments on car loans and hire purchase or personal contract agreements. Many of these vehicles are still in exceptional working order, with few or no structural or cosmetic issues, making them a great-value purchase for our customers across the UK.
Why should you buy a repossessed car?
Buying a repossessed car in the UK gets you a vehicle for a fraction of the price you would have to pay on a forecourt. If you are a trade buyer looking to make a profit on a great-value repossessed vehicle at auction, at ASM Auto Recycling it’s possible to find a bargain from the comfort of your office or living room.
Our online auction bidding system makes it easy for you to place proxy bids on any repossessed cars for sale in the UK, so you never pay more than you are prepared to spend.
What should I look for when buying a repossessed car?
Whenever you purchase a repossessed car in the UK it is vital that you make sure the vehicle is free of finance. This means that there are no outstanding payments required on the vehicle. Unfortunately, many vehicle owners attempt to sell a vehicle that’s not yet free of finance, meaning the vehicle is still technically owned by the finance company.
How do I check for any finance left on a repossessed car?
An HPI Check will inform you whether a repossessed car is free of finance, but all repossessed cars for sale at ASM Auto Recycling are HPI-checked. What’s more, all maintenance issues are documented via the vehicle dashboard, so you can see exactly what you are getting within our online auction platform. All damage is written clearly on the dashboard and bidders can check everything from mileage and service history to registration and body shape.
What research should I do for a repossessed car?
Other things to consider when buying a repossessed car includes:
- The insurance for the vehicle you’re considering
- How much fuel will cost
- Any damage that might require fixing
- The lowest and highest typical price for that kind of vehicle
Buy repossessed cars with confidence – choose ASM
We offer 24/7 bidding for online salvage auctions featuring many repossessed cars for sale across the UK. With over 2,500 roadworthy or repairable cars for you to choose from, you’re bound to find the perfect car for you. Need some help deciding what might be best? Head to our blog for advice and tips. Try our guide to Buying used cars at online auctions to get started.