Depending on where you live, there are luxury cars everywhere you look. Luxury cars are known for their performance, upscale interiors, price tag, and the prestige that comes with the ability to afford one of these vehicles. Because of the price tag, it’s not unusual to see repossessed cars like the Mercedes G Wagon at auto auctions like SCA, IAAI, or Copart.
The Mercedes G Wagon Stands out from the Rest
When it comes to automotive excellence, few manufacturers can reach the pinnacle of success, like Mercedes-Benz. The G Wagon is derived from its military roots in the 1970s, and was developed for off-road use, but was later adapted to a luxury class of passengers like officers. Today’s G Wagon is offered as an armored patrol vehicle, but has been adapted for civilian use.
Like all Mercedes vehicles, this model has a hefty price tag, the highest MSRP of the luxury large SUVs on the market. With prices between $139,000 and $179,000, it stands to reason that some buyers may fall on hard times, which can result in the repossession of their G Wagon.
What is a Repossession?
When a buyer can no longer repay a vehicle’s loan, the financial institution can repossess it and try to recoup some of its loss. These are the cars, trucks, SUVs, motorcycles, and even boats that end up at auctions nationwide.
It can seem like repossessed vehicles would be a fantastic deal for someone, and in many cases, that’s true. There are some things you need to consider though when looking for a repossessed Mercedes G Wagon.
Quality and Condition Considerations:
Inspection: The financial institution will have thoroughly examined the vehicle so that you can expect a detailed report on the car’s condition.
Maintenance: If someone is letting their car get repossessed, there is no promise that they performed regular maintenance on it, so get as much information as you can before bidding.
Documentation: Ensure that the documentation has been completed; this will help avoid any potential legal issues when you title the car.
Top Alternatives to Mercedes G Wagon
Other repossessed alternatives exist if your search for a repossessed G Wagon is unsuccessful.
BMW X5
While not a full-size luxury SUV, it’s a mid-size one instead, featuring AWD and a manual option.
Performance: The first generation shares components with the Land Rover L322 model, including off-road engine management. The E39 5 Series is also compatible with the X5. By the fourth generation in 2019, BMW was building this vehicle with an inline-6, and in 2020, they offered a 110HP electric motor option.
Interior: Like Mercedes, the interiors of the BMW X5, and all BMWs for that matter, are equipped with the finest leather components for a soft touch around every corner. The latest technology makes the cabin as comfortable as your front room.
Price: While the BMW X5 stickers around the $60,000 mark, this is much less than the G Wagon. Don’t’ forget, the BMW also benefits from the high standards of German engineering. A repossessed BMW X5 will cost considerably less money than the wagon.
Audi Q7
The Audi Q7 began as a full-size luxury crossover SUV, but in 2015, it was classified as a mid-size like the BMW X5. It’s the second largest model that Audi makes.
Performance: Audi offers several engine-transmission combinations, including a supercharged V6, a diesel option, and a V8. The Q7 is available with a 6-speed manual or automatic and an 8-speed automatic transmission.
Interior: This SUV is designed to carry seven, and has a spacious cargo area. The luxury leather seating can compete with the BMW, and there are massage options for the front seats, so driving is never tiring.
Price: The MSRP is around $59,000 for the base model.
Range Rover Sport
This SUV is also a mid-sized vehicle, but Jaguar rather than Land Rover Ltd. now manufactures it as of 2013.
Performance: You can choose from four gas and three diesel motors, including a supercharged Jag AJ-V8 and Ford Lion V6s for the diesel options. All of the transmission options are automatic, but one is an 8-speed, and the others are 6-speeds.
Interior: Like all luxury vehicles, you’ll be seated in the finest leather components sculpted to fit you for complete comfort. The Range Rover is equipped with the latest technology and safety equipment, so expect premium sounds and driver assist features.
Price: The Range Rover has an MSRP starting at $83,000.
Buying a Repossessed Vehicle
There are certain price advantages to shopping for repossessed cars like the Mercedes G Wagon. Since you’re not paying full price for one of these SUVs, you may need to work on it once you win the bid.
Here are some things to consider:
Mechanical – If you’re not versed in German or European engineering, you may need to hire out some of the mechanical repairs that your new vehicle may need. Before bidding on a car, find out what problems it may have by reading the detailed report or hiring someone to inspect it.
Warranty – Find out if there is any remaining factory warranty on the vehicle. Since bank financing terms may be shorter than the factory warranty limits, they may be able to transfer the remaining warranty to you.
No matter which vehicle you choose, always buy from a reputable auto auction, set a budget, stick to it, and know what you’re buying. It might take some time, but with skillful bidding, you can find affordable elegance to park in your driveway.
