When shopping at a car auction, many people use the “stoplight system” to determine if a vehicle is a good purchase or not. This is an important system to know for two reasons. First, using the stoplight system can help you find the best repo car for your needs. Second, when you understand the stoplight […]
Looking to save money on gas? It’s a smart decision considering that gas is very expensive right now. The cost to fill up an American’s tank of gas has risen by 40 percent since the turn of the year, with the average gallon of fuel costing $3.13. And sadly, prices aren’t expected to go down […]
A common question repo sellers often hear from customers is whether or not they can test drive the vehicle. It’s a great question to ask, especially when people are used to going to the dealerships and driving around the vehicles they want before buying them. However, shopping for repossessed cars is a bit different. If you’re […]
There are a number of “book values” out there to help car owners get an accurate price on their vehicle. They were given the name of “book values” because back in the day, car values were printed on paper. Today, they’re available online. In this post, we’re going to cover Black Book values, but don’t […]
When buying a car, you might come across vehicles sold in as-is condition. While the description is pretty obvious – you’re buying a car in the exact condition it’s in – it’s still important to know what this means and what you can expect with your purchase. Most importantly, don’t let buying as-is scare you […]
When a person has trouble paying their auto loan, they can face repossession. Repossession laws vary by state, but in most cases, cars can be repossessed anywhere and without notification. Usually, the owner will have an opportunity to reclaim the car by catching up on payments or paying off the loan. If they’re unable to […]
Whether you plan on buying a car from an auction, dealership or private party, there are some simple ways you can save money. It’s worth it to negotiate the price of a vehicle because cars depreciate quickly. After three years, the average car is worth about 60 percent of what it was when it was […]
Owning a boat offers a sense of pride whether you’re fishing, sailing or relaxing on the waves. You don’t have to worry about renting a boat and getting it back on time. With your own craft, you can take it out on the water whenever you want and for as long as you’d like. Many […]
When you need to borrow money to purchase a used vehicle, a credit union can be a good option. Banks and credit unions are both financial institutions, but there are differences between them. Banks are for-profit institutions while credit unions are not-for-profit. This allows credit unions to offer lower interest rates and better customer service. […]
Few people have the ability to pay cash for a car. But if you are one of the lucky ones who has saved up enough cash, you can enjoy a wide range of benefits by paying in full. To keep your costs in line, consider shopping for a repossessed or bank-owned vehicle that will cost […]