Is "Reported at Auction" a bad thing?
I'm looking at a 2016, low mileage, used car from a reputable dealer. The list price is about $4k lower than it should be for that model/year/mileage. And the AutoCheck history (see below) is thin but strange, at least to me. Are all the "reported at auctions" something to be concerned about? I haven't seen the car in person yet, so for all I know it could have an obvious problem. But assuming the eye and driving tests check out, would it be worth it to get it inspected to ease my concerns? Or should I just save that money and avoid this car?
11/24/15 Motor Vehicle Dept., Lien Reported
07/18/16 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION
10/13/16 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION
01/16/17 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION
01/23/17 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION AS DEALER VEHICLE
I WOULD AVOID, TO MANY AUCTIONS IN A SHORT PERIOD OFTIME ANDPRICE IS WAY TO LOWFORTHIS TYPE OF CAR, SAVE YOUR PENNIES AND BUY SOMETHING ELSE,IF ITS TO GOOD TO BE TRUE THEN SOMETHING IS WRONG....GOOD LUCK
Looks like a repo, was bought 11/25/15, was repoed and sent to auction to satisfy the bank, 0/18/16 no bids so was probably sent back to bank, maybe damaged too much too sell, resubmitted to auction 10/13/16, again no bids, resubmit 01/16/17 no bids, 0123/17 successful bid dealer owned. Get a carfax on the vehicle, so, then you can decide too either walk away form this one or spend the money having it checked out if you think it is worth your time and money. In this case for sure "buyer beware"
I'd be careful about this one. The auto auction isn't necessarily the "kiss of death". But on something this new, it makes me suspicious. Especially since it's been there so many times. In three month cycles. Looks like a dealer got it, couldn't sell it, then back to the auction it went. A few times. Probably back and forth with a few different dealers. It could be a lemon. If so, the dealer is required to tell you this BEFORE you buy! If you're seriously interested in it spend $150 and have it professionally inspected. Also get a vehicle history report such as Carfax and read it carefully. HTH. -Jim
It's not a kiss of death, it was repossessed and went to the auction house, like Manheim or Adesa which often hold dealer-only repo auctions. Probably had to high a reserve on it so didn't sell at first, although you have no history on vehicle so it might have had other reasons it remained at the auto auction so long. You'll need the carfax or motor vehicle history to know it's exact change of ownership and mileage at each transfer. Because it is such a crap shoot on buying a car with this type of history (or lack of) that is why its value is so much lower than a one-owner well-documented vehicle.
Auto auctions are no big deal if they appear on a car check, but if there is a repo on there I would not buy it. Do as suggested and spend a few bucks and run a Carfax on it. Also sometimes "googling" the vin number can come up with additional information.
Looking for a Used Sorento in your area?
CarGurus has 3,133 nationwide Sorento listings starting at $822.
Search Kia Sorento Questions
Kia Sorento Experts
Related Models For Sale