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[Closed] Would you buy a finance company recovered car?

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Looking for a new car and one has caught my eye mainly because it's very well specced and a particularly good price from a car supermarket (with an apparent good reputation if you believe reviews).

A few things not right about it - only one key, no service book and the price was so good I paid for a background check. Looks like is was compulsorily recovered by VW's financial services then sold on. I'm guessing this is one of those ones where they turn up at your work/house and take your key and then remove the car.

18month old (performance orientated) car not done enough miles for it's first service. Cheap enough to buy a new key and service book, get it main agent serviced and still be up a few thousand up on what it 'should' cost.

Would you? Got to stress not seen it yet as a couple of hundred miles away; so assuming it is as clean as it looks. I can't see a reason why not.


 
Posted : 20/01/2018 7:01 pm
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I wouldn't. Could have belonged to anyone before it was repossessed, including the local drug cartel or crime lord with their enemies on the lookout for your number plate to setup an assasination trap.

On second thoughts you could just change the number plate.


 
Posted : 20/01/2018 7:06 pm
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you could just change the number plate

Oh, it had one of those too. Now back on the original number. Private plate that was on it is now on a new golf deisel. So prob not a drug lord but they might not have any ethics. It is a drug dealer type car though but only 3 door - apparently they like 5 doors for fast exit!


 
Posted : 20/01/2018 7:10 pm
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The truth is out there. Not sure about the Range Rover though...

[img] [/img]


 
Posted : 20/01/2018 7:12 pm
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yeah, why not. Assuming the dealer can show paperwork to prove the finance is cleared, and avoiding spurious stuff like the drug cartel I can't see why it would bother you.

But if you wouldn't be happy in it, for whatever reason - even gut instinct is a valuable source of info - then don't.


 
Posted : 20/01/2018 7:18 pm
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Yes


 
Posted : 20/01/2018 7:21 pm
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I regularly pick up Motability and lease return cars, and it’s not unusual for a key to be missing, or service history, or both; I picked up a Motability Zafira the other day with one key, and no books at all. Less often with lease cars, but occasionally a car is returned to a dealer, and the spare key has been left at home.
It’s also not so unusual to pick up a car that has had personalised plated fitted, and the old plates are still on the car, the new ones are in the boot, the dealer couldn’t be arsed to fit them, in fact, one of my team mates picked up a car which had a personalised plate on one end, and the new plate on the other!
It’s got bugger-all to do with sensationalist bollocks like an ex-drug dealer, some of you need to have a quiet word with yourselves! 🙄


 
Posted : 20/01/2018 7:27 pm
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Thank CZ. Very reassuring.

Tomorrow might be expensive!


 
Posted : 20/01/2018 8:16 pm
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Only alarm bell that rings for me is that it is “performance orientared” and 18 months old but not done enough for first service? I’d expect it to be service annually and if they can’t afford the car they won’t have spent money on decent fuel etc. I’d get it serviced straight away with all the proper stuff just to make sure.


 
Posted : 20/01/2018 8:47 pm
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I'm going Golf R, possibly in blue 🙂


 
Posted : 20/01/2018 9:07 pm
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Very close! Right car, wrong colour.


 
Posted : 20/01/2018 9:09 pm
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Only alarm bell that rings for me is that it is “performance orientared” and 18 months old but not done enough for first service? I’d expect it to be service annually and if they can’t afford the car they won’t have spent money on decent fuel etc. I’d get it serviced straight away with all the proper stuff just to make sure.

Agreed. Need to check the service intervals or if an early first service recommendations are needed. It’s not a car for someone who neglects.


 
Posted : 20/01/2018 9:11 pm
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Audi S3 in black? 😀

Ah, just saw above!


 
Posted : 20/01/2018 9:12 pm
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I would check that you are getting the original warranty I had a new diesel a few years back with first service due at 20k miles, which took me 2.5 years to do!


 
Posted : 20/01/2018 10:24 pm
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I wouldn’t worry, every man and his dog got a Golf R on PCP when VWFS were ‘giving them away’ for £275 a month (or less sometimes).

Where did you find details that it was a repo? I wasn’t aware they recorded that.

Ultimately it doesn’t matter how careful you are you will always have some bad debt when leasing cars, it’s not like years ago, data is so good these days and lending criteria so tough that is not a case that the local “self employed powders broker” can walk in with a bag of twenties for a deposit and drive off, it was probably just someone who sadly lost their job or otherwise had a change of circumstances. It happens. I wouldn’t think that makes the car any better or worse than any other.

At least Golf R buyers are probably into cars and will care about it, The the bargain basement models that get ordered by the drivers who don’t care about them as long as they look good on the drive.


 
Posted : 20/01/2018 10:49 pm
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P-Jay is right. VW slutted out golf R’s a few years ago which meant every man and his dog had one! I would have no problem at all buying a repo. Most repossessions are ‘non aggressive’ repossessions nowadays where the only is happy to get the car gone due to financial hardship. Wouldn’t have a problem buying either a hand back or hostile repo if the car all added up


 
Posted : 20/01/2018 10:54 pm
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Golf R? I’d want the keys replacing before buying then. Who knows where that other key is? And replacing keys and security modules will be expensive. Also assume it’s been thrashed from cold every day of its life.

Other than that, I’d have no problems buying, and did in the past with a repossessed Mondeo. Buy on condition.


 
Posted : 21/01/2018 9:38 am