Thursday, 7 April 2011

Get Your Repossessed Car Back

People in America will have no fear about getting their car repossessed thanks to the Spike TV network. Vehicle owners who find themselves the victim of car repossession will be given the opportunity to win back their repossessed car courtesy of a brand new tv gameshow due to hit screens in April 2011.

"Repo Games" will provide car owners the chance to win back the car they had previously defaulted on and winners will get back their car outright! No more repayments and the repossession is cancelled.

The below article from CNN Money provides further info on the show, I for one will be interested to see the format, knowing Spike TV the process won't be straightforward.
NEW YORK (CNNMoney) -- "Repo Games," a reality television show from Spike TV that allows debtors a chance to win back their repossessed cars, will hit the airwaves later this month.

"This is the only show that combines the game-show format with actual repos," said producer Sally Ann Salsano, "On the show, we give them a chance to win their car back, clean and simple. No car payments ever again."

She explained that debtors on the show are "not thrilled" when they discover their repossessed cars hooked up to a tow truck, as a video crew captures their reaction. But they brighten a bit, she says, when they realize they've got a fighting chance to get their car back, with all debts paid off, if they successfully answer three out of five trivia questions.

"This could be a terrible situation, but this could also be your lucky day," she said.

The trivia questions, she said, range from food and drink to science, pop culture, movies, technology and other topics.
Salsano of 495 Productions will debut this show April 26, right on the heels of "Jersey Shore," a reality show that recently wrapped up its third season on MTV, which owns Spike TV.

As one of the producers of "Jersey Shore," Salsano lived in the show's beach house where the crew filmed her ne'er-do-well roommates -- the stars of the show -- as they lounged around all day, got drunk in clubs, argued about trivialities and attempted to score with like-minded members of the opposite sex.

The stars of "Repo Games" are, as might be expected, actual repo men. Josh Lewis and Tom DeTone are real-life professionals who repossess cars for a living. They're not actors, which sets them apart from Emilio Estevez and Harry Dean Stanton, who starred in the 1980s cult flick "Repo Man."

Spike TV filmed Lewis and DeTone as they repossessed 80 cars in Los Angeles and Dallas.

"Tom is the big muscle guy, but he's a total softie on the inside," said Salsano. "Josh razzes with the people a little bit. They both have a heart of gold and they've both been repoing cars for years."

In their off-camera repos, the debtors are out of luck. But in their on-camera repos, Lewis and DeTone are the ones who pose trivia questions to the winners and losers.

"They feel like they're giving people a chance," said Salsano.

View the full CNN Money article.

Thursday, 17 February 2011

How To Stop Your Car From Being Repossessed

How To Stop Your Car From Being Repossessed

The right of owning a vehicle is available to anyone, but it also comes with responsibilities. If you purchase a car on finance, what's important is that you make your repayments on time. If you don't then the car repossession man will turn up and repossess your vehicle, which can result in extra costs as well as bad mark on your credit rating.

Many of the brand new cars these days are fitted with a GPS tracker system which is embedded in the hardware of the car so if you did end up not paying your outstanding repayments and then try and hide the car from the finance company, the repossession man will have the relevant GPS tracking software to enable him to find the vehicle and remove it from you.

When buying your vehicle, check the repayments and make sure they are within your budget. Remember that circumstances can change easily, particularly with today's economic climate, so consider your purchase carefully before going ahead and with your loan agreement. Make sure you make your repayments in a timely fashion, in order to avoid repossession.



The best advice is to save up your money and outright buy your vehicle. Maybe you might have to consider buying a car which isn't the one you wanted ideally but it means you can avoid car repossession.

Read our article on Avoiding Car Repossession or How to Dispute a Car Repossession.

Alternatively, visit our Repossessed Cars Homepage which will provide you a starting point on many articles regarding car repossession.

Finally, if you have arrived at our site and are looking to buy a repossessed car, then visit our Repossessed Cars Buying Guide.

Wednesday, 26 August 2009

How To Buy Repossessed Cars

With so many cars being repossessed nowadays, buying one can save you a lot of money. But where can you find repossessed cars and how do you buy them?

Car repossession occurs when finance companies repossess a vehicle from an owner for non payment. For further details on the actual car repossession process, read Why Is A Car Repossessed. Once the vehicle is repossessed, the lender will look to sell the car as quickly as possible, which can mean that the price will often be lower than the going rate - excellent news for any prospective buyer.

Often people who cannot afford to buy from a conventional car dealer will look to buy a repossessed car. Repossessed cars are often cheap and in mint condition. Our step by step guide for knowing how and where to buy them will help you if buying a repossed car is something you are interested in.

1. Where are Repossessed Cars Sold?
There are various methods for selling repossessed cars, depending on where you live. The best place to start looking for one is in a car auction. The majority of repossessed cars are sold in car auctions. On the bottom right of our homepage there are links to local car auctions in your area.

Read our guide on Buying Repossessed Cars At Auction for further advice on buying at a car auction.

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As well as auctions, it's also a good idea to get in touch with local car dealers. A good local car dealer will often be attending these auctions and picking up bargains himself. Speaking to them for advice can be helpful and often they may have purchased repo cars themselves and are looking to sell them - this means you won't have to attend a car auction yourself and go through the bidding process. Their experience can help you.

If you are planning on attending an auction make sure you know what you are doing. Reading our guide on Bidding For Repossessed Cars At Auction will help.

Another option would be to contact the bank themselves. They often have lists of repossessed homes as well as repossessed cars. These lists are made up of repossessed properties and vehicles which are due to go to auction, sometimes you can get access to a car before it goes to auction.

2. Payment
When purchasing from a car auction, its usually preferable to have cash available. Many auctions nowadays accept other forms of payment so it's worthwhile contacting the auctioneers prior to attending and finding out.

When purchasing from a bank, they may be interested in setting up a new finance plan with you for the vehicle. Make sure you stick to manageable payments - otherwise it could be you facing car repossession.

3. Check The Car
When buying from an auction, it's very important to remember that cars are sold "as seen". this means that there won't be a refund available in the majority of cases, so it's important to check the car before you buy.

Our Avoid Buying a Stolen Car article will help as well as our guide on buying repossessed cars at auction.

4. Buy The Car
When buying at an auction, it's very important to understandthe bidding process. When bidding it's very easy to end up paying over the odds, make sure you have a maximum price in mind for any car and stick to it. Being patient is the key, your car will come but don't rush it and end up buying a clunker. Remember there are no refunds.

Read our guide on bidding for repossessed cars at auction.