Forum Discussion
DrewE
Jan 03, 2015Explorer II
If it's in good shape, it should work well. If the title isn't branded, it should be relatively painless to register. If you want to go on adventures with it, it probably knows how to do that as it's apparently been through some adventures already.
Was it sold at the auction, or just up for auction but not sold (no bids over the reserve price)? If the latter, it would make more sense why the bank would be the current owner—they tried unsuccessfully to sell it at auction.
I don't see an auction in itself as any more of a red flag than, say, a craigslist sale or a sale by a dealer. it seems to me an auction is just another way of getting buyers and sellers together to exchange the buyer's cash for the seller's stuff.
Was it sold at the auction, or just up for auction but not sold (no bids over the reserve price)? If the latter, it would make more sense why the bank would be the current owner—they tried unsuccessfully to sell it at auction.
I don't see an auction in itself as any more of a red flag than, say, a craigslist sale or a sale by a dealer. it seems to me an auction is just another way of getting buyers and sellers together to exchange the buyer's cash for the seller's stuff.
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