Finance vendors at auction

Honest John Back Room » Motoring discussion
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Mon 12 Aug 2013 19:33
Finance vendors at auction - Rich_B

Whilst browsing the auction catalogues I notice there are a lot of 'finance' related vendors such as VW Financial Services and Hitachi Capital etc.

Are the vehicles being sold by these vendors repossessions and is there any particular reason they should be avoided?

Thanks

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Mon 12 Aug 2013 19:48
Finance vendors at auction - Armitage Shanks {p}

Ex lease cars and former company employees staff cars I'd guess

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Tue 13 Aug 2013 09:18
Finance vendors at auction - Chris79
Vw financial services are who provide the finance for audi. Possibly these are cars at the end of there pcp plans that are unsuitable for the forecourt?
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Tue 13 Aug 2013 10:07
Finance vendors at auction - pd

Most of the VWFS cars are actually bought by VAG Dealers so end up on the forecourt.

The others are always a mixture - some just end of lease, some early terminations and some repos where the driver didn't pay the lease.

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