9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
The Supreme Court of HA published sad statistics: Russians are increasingly resorting to bankruptcy proceedings, the figure has increased by 30%. A pity, of course, but what does
The number of bankruptcies in Russia has risen sharply and all property of bankrupt citizens and companies is being sold under the hammer. This is a profitable business for professionals, because the same cars can be bought at a significant discount and make a lot of money on resale. Those who need a personal car now think the same way: buy cheaper, repair if necessary and get a decent car for less money.
Sounds like a good decision and a profitable investment. But what remains of such a deal? Professionals in the used car market, one of whom we recently had an honest conversation with, are very cold, if not more so, about such transactions.
Firstly, it is worth remembering that removing the imposed restriction from the car is a matter of months. You will have to run past the bailiffs, get the necessary papers and only then start using the real estate received and paid for. Until the car is registered, the buyer has no rights to it, since it is impossible to register real estate without documents from the bailiff. Just in case: where do you store an often dismantled car without papers? Is there a garage there?
Secondly, the condition of such cars, which sometimes cannot even be considered before buying, not to mention the journey to the nearest ski lift, often differs from the declared car. Does she start? Is he going? In special parking areas, they are regularly “stripped down”, parts removed, and so on.
And often auctions are held in other cities. Our homeland is wide, it will not always be possible to get and look. But delivery from the depths of Siberia and other ores has yet to happen. Another “hundred” on top, not counting return tickets, hotels and other things. Cars from the auction periodically don’t have a key or it doesn’t fit / doesn’t work – it needs to be restored. Or break glass. Do you want your newly purchased car to ride on a train or car transporter with broken glass, politely sealed with cellophane?
Finally, the auction itself. The mentioned price is the starting price. Then the participants place bets, increasing the value. When should you stop so as not to overpay? How much to pay for subsequent repairs? Forgotten logistics? The line between “profitable” and “minus” is so thin, unsecured and full of risks, that at the exit the participant has to answer the key question for himself: is buying a “pig in a poke” so profitable? And only after placing the first bet.
The number of bankruptcies in Russia has risen sharply and all property of bankrupt citizens and companies is being sold under the hammer. This is a profitable business for professionals, because the same cars can be bought at a significant discount and earn a lot of money on resale. Those who need a personal car now think the same way: buy cheaper, repair if necessary and get a decent car for less money.
Sounds like a good decision and a profitable investment. But what remains of such a deal? Professionals in the used car market, one of whom we recently had an honest conversation with, are very cold, if not more so, about such transactions.
Firstly, it is worth remembering that removing the imposed restriction from the car is a matter of months. You will have to run past the bailiffs, get the necessary papers and only then start using the real estate received and paid for. Until the car is registered, the buyer has no rights to it, since it is impossible to register real estate without documents from the bailiff. Just in case: where do you store an often dismantled car without papers? Is there a garage there?
Secondly, the condition of such cars, which sometimes cannot even be considered before buying, not to mention the journey to the nearest ski lift, often differs from the declared car. Does she start? Is he going? In special parking areas, they are regularly “stripped down”, parts removed, and so on.
And often auctions are held in other cities. Our homeland is wide, it will not always be possible to get and look. But delivery from the depths of Siberia and other ores has yet to happen. Another “hundred” on top, not counting return tickets, hotels and other things. Cars from the auction periodically don’t have a key or it doesn’t fit / doesn’t work – it needs to be restored. Or break glass. Do you want your newly purchased car to ride on a train or car transporter with broken glass, politely sealed with cellophane?
Finally, the auction itself. The stated price is the starting price. Then the participants place bets, increasing the value. When should you stop so as not to overpay? How much to pay for subsequent repairs? Forgotten logistics? The line between “profitable” and “minus” is so thin, unsecured and full of risks, that at the exit the participant has to answer the key question for himself: is buying a “pig in a poke” so profitable? And only after placing the first bet.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
