I heard that bank repo car have reverseBut when not high enough on bidding, car go back to same auction next week.Just wonder if some go many as 10 times? Or even at 10 different auction within next date aparts.I am sure it will lose interest on bidders because they get tired of seeing thisThe crowds will say it loudly, oh no not again, I am sick of this one, I am not gonna buy this cuz must be nobody want it if I see it again and again.
Yes, it is not unusual and happens at live auctions when the car or truck does not meet the reserve amount, and then you will see it again next weekIt also happens more often at industrial equipment auctions where you have assembly and manufacturing lines or cranes worth hundreds of thousands of dollarsOnline, when you look at copart or govdeals auctions, you will see alot of those cars with reserves and they will come up again on auction each month until someone bids high enough or the owner lowers the reserve amount
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