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Join Date: Nov 2014
Location: Pennsylvania, USA
Re: Anyone ever bought anything from Blue Knob Auto?
Blue Knob Auto / aka The Repo Depot.
If you ever watched one of those television programs such as Lizard Lick towing, you would understand where their vehicles comes from.
Most of their vehicles comes from North Carolina, Virginia etc.
The buyer couldn't make the payment, and the finance company sent someone to repo it.
The repo company cannot resell it, so they give it to Blue Knob and Blue Knob sells it for what they can get for it and the previous owner is still on the hook for the difference.
Why is the vehicle so cheap - as you put it?
Blue Knob Auto Sales finances those vehicles and they have a floor plan. A floor plan is an agreement between the auction and the buyer, where the auction gives the buyer so many weeks to sell the vehicle before they have to pay for it. Unlike my savings account that pays .001% interest on my savings. Your interest payment - according to your credit history, is as much as 12%. You can't get 12% on your money, not even a bank can make 12%!
The way the vehicle looks when you buy it isn't the same as the way it looked when they hauled it in.
If you walk around their lot, you will see that they have their own mechanic shop and their own body shop and they butter up those vehicles so they look good long enough to get people to buy them.
So why does so many vehicles have Blue Knob Auto Sales on the back bumper? Well believe it or not, there is a lot of desperate people out there with poor credit or no credit at all. The bank would never give those people a loan - some of them are not trustworthy, but Blue Knob knows if you don't pay them - some people are on a weekly basis payment plan, they just drive up with the wrecker and repo the vehicle and send it even further north.
I have a sister that is over extended - 2 kids went to Penn State, lived in a condo, never worked in their whole life.
Mom tried to give them everything and even left dad because he didn't get along with the kids and tried to be a dad instead of a friend. Mom declared bankruptcy, screwed several credit card companies. Mom drove to Blue Knob, bought two new Honda vehicles, and drove home with no down payment.
Even I wouldn't have given her a loan! Especially not for $36,000 for two previously owned vehicles.
I tried to buy a Chevy Impala off them once.
I tried to close the door and it didn't shut properly.
I measured the chassis, it was missing 1.75 inches on the one side, was hit hard in an accident and the body shop hung a new front fender but didn't pull the Unibody first.
You have to be very careful of what you buy at Blue Knob Auto Sales. The payment might last longer than the vehicle.