Author Archives: repofinder

signing for car warranty

Are Extended Car Warranties Worth the Money?

This entry was posted in Used Cars and tagged , , on by .

Reliability is an important factor when buying a new or used vehicle. In fact, 95 percent of car shoppers rank reliability high, which is why having a warranty is important. But while all new vehicles come with a factory warranty, used vehicles often don’t. 

Most new vehicles come with a three-year manufacturer warranty, or 36,000 miles, whichever comes first. The majority of used vehicles are already past this. But what if you want added protection with your used car? An extended warranty may be the answer. 

What is an Extended Car Warranty? 

Extended car warranties, also known as vehicle service contracts, are optional protection plans that can help you pay for car repairs. They typically start once the manufacturer warranty ends, but there are times when the two overlap. 

Vehicle service contracts often have requirements you’ll have to follow, so be sure to read all the fine print. For example, some warranties will require you to visit a certain repair shop in your network. You’ll also need to bring your vehicle in for routine maintenance. Failure to follow your maintenance schedule can render your warranty null and void. 

Typically, you’ll be required to provide your car with the following: 

  • Oil changes
  • Filter changes
  • Tire rotations
  • System checks 
  • Manufacturer scheduled maintenance 

What Do Extended Car Warranties Cover? 

Each vehicle service contract is different, so it’s important to read the fine print of your specific warranty. Also, some warranties are basic while others are comprehensive, covering things like your car’s entertainment system and climate control system. 

The two main types of extended car warranties are: 

  • Bumper-to-bumper warranty. This is the most comprehensive type of warranty available, and it covers almost everything, from the electrical system to the paint job. It does not cover vehicle maintenance, such as oil changes and filter changes.
  • Powertrain warranty. This warranty is less comprehensive but still offers significant coverage. Expect your transmission, engine and drivetrain to be covered. It also tends to last longer than a bumper-to-bumper warranty. 

Should I Get an Extended Warranty with My Used Car? 

According to a survey from Consumer Reports, 55 percent of people said they never used their extended warranty, and only 25 percent said they would buy one in the future. While extended car warranties look good on paper, they are overpriced. They also may not cover everything, which means you’ll be paying for the warranty and the repairs. 

Of course, there are situations when an extended warranty makes sense. And, you might even get other perks with the warranty, such as roadside assistance, rental car reimbursement and towing. This can make the added coverage worth it. Ultimately, you’ll have to sit down and determine whether you’re better off putting your money into an extended warranty or into a bank account to be used for repairs. 

repo bike

What are the Benefits of Buying a Repossessed Motorcycle

Driving a motorcycle is a definite way to get an adrenaline rush and feel happy, especially on the freedom of an open road. Aside from this, motorcycles are appealing because they allow bikers to ride together for a sense of camaraderie. Every twist and turn makes for an exhilarating experience. No wonder why people are willing to take their motorcycles halfway across the country for exciting excursions!

On average, motorcycles range in price from $5,000 to $10,000, though some cost a lot more! You can save a lot of money by buying a used bike. But not just any used bike – a repossessed bike. 

What is a Repossessed Motorcycle? 

A repo motorcycle is one that has been taken from its previous owner because they did not keep up with their payments. Many people finance their motorcycles, especially if they’re spending more than $10,000. When they sign the paperwork, they’re agreeing to make the payments on time. If they don’t, the lender can take the motorcycle away. 

You’ll be happy to know that most of the repo motorcycles that RepoFinder lists are more expensive. When a bike only costs a few thousand dollars, most people will pay in cash. But for those that are $20,000 and over, people typically finance their purchase. If they can no longer afford the payments, it puts the bike at risk for being taken away. 

RepoFinder offers a directory of banks and lenders in all 50 states that have repo inventory for sale. Click on your state and see which lenders have repossessions available. They are highly motivated sellers that are often willing to negotiate. This is how you can get a great deal on a high-end motorcycle! 

What are the Benefits of Buying a Repo Motorcycle? 

There are many advantages to buying a repossessed bike: 

  • Trustworthy lenders. If you’ve looked at the used motorcycle market before, you probably know how difficult it is to find a trustworthy seller. Hidden defects and dishonesty are unfortunately common. But lenders are open and upfront. They might not know everything about the bike, but they won’t lie about things. 
  • Lower prices. Repossessed bikes typically cost a fraction of the price of a new motorcycle.
  • Easy financing. A huge perk to buying a repo motorcycle from a bank or credit union is that they also provide financing. You can also negotiate for a better price and lower monthly payments. 
  • Good condition. You can often find motorcycles in mint condition from repo sellers. They tend to be higher priced models and this is why the owner could no longer afford them. 

If you’re interested in repossessed motorcycles, visit Click on your state, or a state near you, to browse the bikes available. Check back often, as lenders get motorcycles all the time, and we update our lists accordingly. 

buying a used car

Top 4 Mistakes to Avoid When Buying a Used Car

This entry was posted in Used Cars and tagged , on by .

A used car might be the perfect addition to your household! You can save money while getting a great vehicle with much of the latest technology such as back-up cameras, heated seats and Bluetooth. And with a lower car price, you can also enjoy lower monthly payments and lower auto insurance rates. It’s a win-win! 

To ensure that you get the best bang for your buck, here are four mistakes to avoid when buying a used vehicle. 

1. Not Lining Up Financing 

Any time you plan to purchase a new or used vehicle, it’s best to secure financing in advance. While it’s more convenient to do so at the dealership, you’ll also pay a higher interest rate. Dealers add a markup to the interest rate offered and are incentivized to send you to certain lenders, even if you can get a better APR somewhere else. 

By getting quotes and comparing rates beforehand, you’ll be in good shape when you go to buy a used car. And if you want to get dealer financing because of its convenience, you’ll at least have some negotiating power. Fortunately, you can compare quotes online from the comfort of home. 

2. Only Looking at Monthly Payments 

If you can buy a used car outright, you can save a lot of money over the long run. If you can’t afford this, then you’ll have to create a budget and determine how much you can afford. But, keep in mind that while a lower monthly payment may be good for your budget, you could be paying back more money in the long run due to compounding interest. 

If you can swing a slightly higher monthly car payment in exchange for a shorter loan term, it’s probably worth it. You can also consider leasing a used car, though not all dealerships offer them, and there are certain conditions to meet. 

3. Passing on a Test Drive

Another mistake you want to avoid is not doing a test drive. There are certain instances where you might not be able to do a test drive, such as when buying a repossessed vehicle from a bank or buying a car out of state. But in most cases, you can test drive a car and make sure that it’s running properly. 

Even if you can’t do a test drive for some reason, you should still ask to do an inspection. You can always hire a mechanic for an out-of-state car, or you can bring along a mechanic or knowledgeable friend when buying a repo car. Doing your due diligence is the best way to avoid buyer’s remorse. 

4. Not Running a Vehicle History Report

A vehicle history report should also be run for any used car, along with the test drive and mechanic checkup. This report will check for any previous accidents, problems with the car and the number of previous owners. Dealers will typically pay for this report, but if you’re buying from a private seller, you might have to pay for it on your own. 

Fortunately, vehicle history reports are inexpensive and usually cost around $10 to $40. You can get this report from a number of third parties such as Carfax, AutoCheck and instaVIN. No matter where you get the report from, you will be able to see the title history and other important details about the car. 

Used cars are an investment, just as new cars are. By avoiding the mistakes above, you’re more likely to invest in a quality vehicle that you can enjoy for years to come. 

online car buying

Is the Online Car Buying Model Dead?

The end of 2022 wasn’t the best year for Carvana, an online used car retailer based in Arizona. Yahoo Finance called Carvana “Worst Company of the Year” after polling more than 5,000 readers. The online car-buying company also has concerns over its debt load, and had its stocks drop by 98 percent. 

So is Carvana going out of business? With numbers like this, it’s hard to know what the future holds. But one thing is likely to stay the same: online car buying. 

Online vs In-Person Car Buying 

Carvana and other online car buying platforms like Vroom and CarMax offer car shoppers a pretty great way to shop for vehicles. Instead of going to the dealership, negotiating with a salesperson and spending hours waiting for paperwork and financing to go through, car buyers can handle the entire transaction online. 

While some people still prefer the in-person shopping experience – being able to actually see and test drive a vehicle – there’s enough people who prefer to do their car shopping online. This will likely keep the online car buying model alive and well. That being said, this can be an expensive business model. 

Why Online Car Buying is Likely to Change

From a business standpoint, the online car buying business is expensive and labor intensive. It takes time and costs money to locate and buy used cars, recondition them, market them on the website and deliver them to the customer. There’s also paperwork to process – it’s all a big expense! And this is where Carvana has struggled. 

According to sources, Carvana has delivered vehicles to buyers in less-than-desirable shape, causing them to have to pay for repairs. These sources have agreed that Carvana has great customer service, but paying for repairs at dealerships is expensive. It has also been reported that Carvana pays top dollar for their vehicles – sometimes tens of thousands of dollars. 

At the start of the pandemic, Carvana had the upper hand. They were able to meet customer demands, especially compared to dealerships that were struggling with parts shortages and COVID-related factory shutdowns. But things quickly changed as the paperwork piled up, cars weren’t getting registered and cars were being delivered in satisfactory condition. 

As a result, Carvana’s dealer license has been suspended in some states. 

What is the Future for Online Car Buying? 

Even though online car buying is a popular service, the business model may not be sustainable. CarMax is in better shape to survive because they have online and physical dealerships that allow customers to make transactions in person. They also have a one-price model so there’s no haggling. 

If you like online car shopping, consider We provide online car buying for repossessed cars. We include detailed images of each vehicle, along with information such as the condition of the vehicle, its vin number and its features. Our business model is sustainable because we provide a list of the banks and credit unions in each state that are selling their repo inventory.

Enjoy the best of both worlds – the convenience of online car buying and used vehicles at great prices! 

college students

Why Repo Cars a Great Choice for College Students

If your college kid could benefit from having their own car, this article is for you! College students don’t typically have a ton of money. They’re focused on going to school, getting good grades and building their resume. Except for maybe a part-time job or two, most college kids can’t afford to buy a new car and make the payments on it. 

At the same time, the parents of college students are also often strapped for cash! They’re likely helping out with the cost of tuition, as well as room and board, food, books and other things. Affording a car payment on top of it might be too much. Fortunately, there is an option for college students and their families: repossessed cars. 

What are Repo Cars? 

Repo cars are vehicles that have been taken from their owner because they didn’t make their payments. When you take out a loan to buy a new car, you’re agreeing to make the monthly payments on time. If you don’t, the lender has the right to repossess the car. You’ll likely have an opportunity to catch up on payments once the car is repossessed, and if you can’t, it’s sold at an auction.

Lenders don’t like having to deal with repo cars. They’re in the business to make money by lending money. They don’t want cars sitting on their lot, nor do they want to spend time trying to find a buyer. That’s why they often unload repossessed cars quickly by selling them at dealer auctions. 

The trouble with dealer-only auctions is that they are only open to people with a dealer’s license. They are not open to the general public. If you want to get your hands on a true repo from a bank or lender, is the way to go. We have a huge list of repo inventory from banks, credit unions and lenders all over the country. 

Why Repo Cars are a Great Choice for College Kids 

Whether you’re shopping for yourself or your college student, here are some reasons why repossessed cars make a great fit for young people:

  • They’re affordable. Repo cars can save you as much as 30 percent compared to what you would pay at a dealership for a new car. You can also negotiate with the seller to get a better price. 
  • They’re cheaper to insure. Because repo cars cost less and are typically a few years old or older, they’re also cheaper to insure. If your college kid is going to be driving back and forth to school and home, you want to be able to save on insurance. 
  • You can pay in cash. Since repo cars are more affordable, some people pay in cash. Paying in cash makes you a stronger negotiator, and you can save money on interest rates. If you and your college student have been saving up for a car, you can put your money together and make this great purchase! 
  • There’s a wide selection. When you look for a repo car on, you’ll find a great selection of vehicles. You can shop at your leisure, view the photos, ask questions and more without leaving your home. 

Buying a vehicle for a college student is a big venture, but it’s one that’s often needed. College kids need a way to get to and from school, work, etc., so a car quickly becomes essential. To find an affordable car for your college student, visit today

gifting a car for the holidays

Surprise a Loved One with a New Car for the Holidays!

This entry was posted in Used Cars and tagged , , on by .

A new car might sound like an exorbitant gift, but it can actually be a practical way to free up time in your household. For instance, if you’ve been driving your teen to work, giving them their own car frees up your schedule and lets them take on more hours. Or if you and your significant other have been sharing one car, having a second vehicle allows you to get a second job. 

Some people also need another vehicle so that they can make money from ridesharing or delivering food and groceries. In this case, having a car can actually pay for itself over time! Whether for a high school student, college student or someone else special in your life, here are some tips for surprising a loved one with a new or used car for the holidays. 

Find the Right Vehicle 

With car prices and interest rates soaring, it’s important that you take time to assess what type of vehicle is best for this special someone. It sounds simple, but it’s also easy to get carried away paying for features you don’t necessarily need. 

Start by asking yourself what the purpose of the vehicle is. Is it to get to work or school? Offer ridesharing services? Carpool with others? Also, in what conditions will the car be driven? At night? In inclement weather? On long distances or uneven terrains? 

Secure the Right Financing 

Whether you plan on making the monthly payments, or the recipient will be helping out, make sure you get the best financing. Compare rates from different lenders. Many lenders will pre-qualify you without impacting your credit score. This way, you can see what rates you can get, and use this as negotiating power at the dealership. 

Also keep in mind that if you are taking out the loan, you won’t be able to transfer it to the giftee. If the giftee wants to be on the loan, they’ll have to file a new loan application and go through the approval process. 

Register the Car in Their Name

Even though the giftee’s name won’t be on the loan (unless you work this out ahead of time), the car can still be registered to them. You have two options for this. You can wait until Christmas Day and head down to the DMV to register the car in their name, or you can register the car in your name and change it later on. 

Check Insurance Coverage 

Auto insurance is something else to think about. Before your loved one takes possession of the car, make sure that it is properly insured. Talk to your insurance carrier about possibly extending coverage if you are replacing a car or adding a new one to your policy. Keep in mind that some cars are more expensive to insure than others, and your loved one’s driving record will also impact rates. 

Shop for Repossessed Cars offers the largest bank repo list in America. You can find repossessions sold at discounted rates – there are absolutely no fees or commissions. You are buying directly from the seller, which means the transaction is between you and them only. Don’t be afraid to negotiate, especially if you’ve done your research on the vehicle and compared interest rates. 

Finally, top off the gift with a big red bow! This special someone will surely remember this Christmas for years and years! Getting a new vehicle for the holidays is certainly memorable, and you can improve your quality of life by making sure that everyone in the house has a dependable car to drive. 

new vehicle

The New Average Monthly Car Payment is Now $700! How to Reduce This and Still Get a Great Car.

This entry was posted in Repo Cars and tagged , , , on by .

It’s the new reality: the average monthly new-car payment surpassed $700 in May 2022. As a result, many people have decided to wait on buying a new car until the market returns to normal. Unfortunately, this current market looks to be the new normal. Even though car prices are decreasing, interest rates are increasing, making car payments higher than average. 

The Federal Reserve continues to raise the federal funds rates, driving auto loan interest rates to a 20-year high. The average new-car transaction price, according to Cox Automotive, remains above $48,000. In October 2022, the average monthly new-car payment hit another high of $748 a month. Average used-car payments have surpassed $550 based on a 70-month loan term and 10 percent down. 

According to Edmunds, the average car loan APR for new cars is 6.3 percent, and for used cars it’s 9.6 percent. Even if you’re saving a bit on the cost of the car, your monthly car payments can still be out of reach because of the new interest rates. Unfortunately, experts predict that things will stay this way throughout most of 2023. 

So what if you are in the market for a new or used car, but you’re not in a position to pay $700 or more a month? Below are some tips to reduce the cost of your payment and still get a great vehicle. 

Determine What You Can Afford 

First off, determine what you are comfortable paying for a vehicle each month. If you know the average costs for a new car are around $700, and $550 for a used car, you can establish a realistic budget. But it’s also important to assess what you can actually afford

Many people can’t take on a car payment that’s over $500, so if this is the case for you, you’ll need to find creative ways to reduce your payments. For example, you can put more money down and shop for lower interest rates – which brings us to our next point. 

Compare Interest Rates from Different Lenders 

Even though dealership financing is convenient, you’ll also end up paying more for it. That’s because dealerships make money off financing. They might tell you that you qualify for a 9 percent interest rate, when in reality, you qualify for 7 percent and the extra 2 percent goes to the dealership. 

Businesses need to make money, but you also have the right to shop around for the best rates. Before you set out to buy a car, compare interest rates from different lenders. Many lenders offer prequalification, which gives you the rates without affecting your credit score. 

Don’t Be Afraid to Negotiate 

Speaking of leverage, don’t be afraid to negotiate, even in this market. Some inventories are healthy, so you may be able to negotiate a better deal or take advantage of special offers. But negotiations don’t stop there. 

When you shop for a repo car on, you can negotiate directly with the banks and lenders that are selling their inventory. They’re in the market to lend money – not sell vehicles – so they’re often open to working out a deal. And, you can get your financing directly from them! 

Consider Other Options Like Repo Cars 

Speaking of repo cars, don’t forget to consider other options like them. Repo cars have been taken from their owners for failure to pay, and they are sold at heavily discounted prices. You can also save money by looking for vehicles from private sellers in your area. Just be sure that you bring someone along for an inspection. 

Get the Most Out of Your Trade-In

Finally, if you have a car to trade-in, make the most of it. You can spend a small amount of money to clean the car, have the oil changed, etc. and get a higher offer on it. You can then use this money to put toward a down payment. Having a bigger down payment is an excellent way to bring down the cost of your payments. has a free list of repossessed vehicles that are available to the public. View them on our website, place a bid and schedule a time to inspect the car all from our platform. And it’s free! 

used vehicle

Used Car Prices are Falling, But Monthly Payments are Rising. Why is This the Case?

This entry was posted in Used Cars and tagged , , , on by .

It’s the good news we’ve been waiting to hear: used car prices are finally falling. However, monthly payments are still rising, which means many people are holding off on selling or trading in their vehicles. Interest-rate hikes from the Federal Reserve are the culprit of higher monthly payments – and experts predict that we won’t be seeing relief any time soon. 

The New Face of the Used Car Market 

The average monthly payment for used cars is 47 percent higher this year, reaching an average of $551 a month, as compared to 2019. Experts say that monthly car tabs will continue to increase to $570 by the end of this year, and continue increasing in 2023. 

The aggressive attempt to curb inflation is having a negative impact on the used car market, as these vehicles are no longer affordable. As a result, used car dealers are struggling with significant drops in sales. Even Carvana, an online-only used-car retailer, plans to lay off 8 percent of its workforce due to sluggish sales. 

Affordability and supply chain issues will also continue to affect the used car market in 2023. While the auto industry was impacted by the chip shortage, they were still able to sell vehicles over MSRP. Sales volume dropped, but cars were selling at a premium. Now, new car sales are estimated to close at 13 million units this year, a three million drop from previous years.  

Car Interest Rates Expected to Stay High Through 2023

So when will interest rates come down, making used vehicles more affordable? Not for a while. In fact, experts say that they expect auto interest rates to stay high throughout all of 2023. Consumers have gotten used to generally low interest rates for the past couple of decades, but this is no longer the norm. 

According to Edmunds, 14 percent of consumers who financed a new vehicle between July and September this year are paying more than $1,000 a month. This means that one in seven loans is more than a grand! It wasn’t that long ago that mortgage payments weren’t much more than this. Now, we’re paying this just to drive a car. 

Options for Affording a Used Vehicle 

If you have a decent vehicle that you bought several years ago, you’re probably in good shape. You likely purchased the car at a competitive price and have a low interest rate. But not everyone is sitting pretty. If you are in need of a new car, you may have no choice but to buy in this market. 

Here are the best recommendations for affording a used vehicle in 2023: 

Consider repossessed cars 

Repo cars come at a significant discount and can open up more opportunities. has a huge inventory of repossessed vehicles that you can purchase directly from banks, lenders and credit unions. You can negotiate directly with the seller, and even get attractive financing. Some people see savings of up to 30 percent! 

Shop around for financing 

Oftentimes, buyers get their financing directly from the dealership. While it is easy and convenient, you’ll often end up paying higher interest rates. To save money and ensure you’re getting the best rates, shop around for financing before you start looking for a used vehicle. 

Avoid cars that are in short supply 

Some vehicles are in short supply, such as Kia, Subaru and Honda. Therefore, you’re going to pay more for them. Buick, Jeep and Ram have more abundant inventories, which means you have more negotiating power. They may also offer some incentives. 

Save for a larger down payment 

You can save for a down payment by budgeting carefully and trading in your current vehicle. For every $1,000 you put down, you can save around $17 a month. While it might not sound like much, you can make your purchase more affordable by saving for a larger down payment. And don’t forget to make the most of your trade-in – now is a good time to start polishing it up! 

Shopping for an affordable used car? RepoFinder is pleased to offer a comprehensive list of repossessed vehicles from banks and credit unions. You can use one platform to view available vehicles, research their condition and place a bid. And it’s all free to use! 

car keys

What is the Best Way to Find Repo Cars Near Me?

This entry was posted in Repo Cars and tagged , , , on by .

Are you looking for repossessed cars for yourself or a new driver in the household? If so, you’re probably wondering where you can find these vehicles quickly, easily and affordably. More people are turning to repo cars due to the price hikes on new and used vehicles. While you’ll have to be patient and do your research, you can find repo cars at great prices – all they may need is a bit of TLC! 

Here are some tips for finding repo cars, trucks, SUVs and recreational vehicles near you. 

Used Car Dealerships 

There is a possibility that you can find a repo with a local dealership. BUT…dealerships often advertise repos to get you in the door and thinking you’re getting a great deal. But really, these repos are no different than used cars. They’ve been bought at an auction, cleaned up and had repairs made, which means they cost more. 

That’s not to say that buying a repo from a dealership is a bad deal, but rather that you’re going to pay a markup. Dealerships generally do not sell true repos. 

Banks and Lenders

Some banks and credit unions sell their repo inventory directly to the public at certain times of the year. You may be able to find these vehicles being advertised in local newspapers or on bank and credit union websites. Lenders list basic details about the vehicles they have so that people can submit their bids. 

While it’s actually advantageous to go through a bank or lender, it can be hard to track down which banks are selling their repo inventory. Wouldn’t it be nice if there was a website that had a list of the banks and credit unions selling repos? (Hint: There is!) 

Public Auctions 

Not all auctions sell vehicles to the public. Many require bidders to have a dealer’s license, which is a license that allows dealers to purchase cars from auto auctions on a large scale. But, if you can find an auction that sells to the public, you can certainly check out their options. However, be prepared for cars that have been poorly maintained, as well as lots of bids. 

RepoFinder is an online directory that has the links to banks, lenders and credit unions selling repossessed vehicles. You can easily find banks in your area by clicking on your state. Pictures and information about each vehicle are provided for free. This way, you can shop around and place a bid when you’re ready. 

All repos listed on these websites are available to the public. The lender will tell you how to place a bid, and many are willing to negotiate. You may even be able to get financing through the bank itself – this is their business after all, NOT selling cars! To find a repo in your price range, browse RepoFinder today

looking at car title

Do Repossessed Cars Have Clean Titles?

Repossessed cars are vehicles that have been taken from their owners for non-payment. When a person buys a new car, they typically take out a loan and agree to make payments every month. The monthly payment includes the principal and interest on the loan, as well as possible credit insurance charges or other optional add-ons. If the person stops making payments, the lender has the right to take the car away. 

Because no two situations are identical, no two repossessions are the same, either. Some vehicles are relatively new and in good condition – their owners just couldn’t afford the payments any longer. Others are in poor condition and require a lot of work. If the owner couldn’t afford to make the payments, they probably weren’t paying for the upkeep. 

But when it comes to some of the other formalities like car warranties and titles, you can have the same expectations for repo cars as you do used cars. Just because a car separates from its owner doesn’t mean it loses its manufacturer warranty or title. 

What Does it Mean to Have a ‘Clean’ Title? 

A clean title means that the vehicle has never been deemed a total loss. With a clean title, the car might carry the balance of its new car warranty and have a slightly higher resale value. The alternative to a clean title is a salvage title, which means an insurance agency deemed it a loss. 

Keep in mind that a clean title doesn’t mean you’re in the clear. A car with a clean title can still have tons of mechanical problems like engine failure or transmission concerns. It may also hide shoddy repair work, as it’s not uncommon for car owners to handle collision damage, fire damage or electrical issues on their own to save money. 

A salvage title might seem like a more risky purchase, but this isn’t always the case. All it means is that the car was deemed a total loss by an insurance company. In these cases, the car is either restored or sold for parts. A rebuilt title, on the other hand, means that the vehicle has been restored with new parts and is safe to drive. 

What Happens if a Car Has No Title? 

Generally speaking, we don’t recommend buying a car without a title. Sometimes, it ends up working out just fine. You can request a surety bond or bonded title when you register the car with your state, or you can ask the seller to get another copy.

But more often than not, there are many risks associated with buying a car with no title. For example, you won’t be able to get the license plates, a loan or auto insurance. The car’s history is a mystery, and you won’t be able to prove you’re the owner. 

In other words, don’t get too hung up on having a clean title. While you’ll want to look into things deeper with a salvage/rebuilt title, this doesn’t automatically mean the car is not safe. And on the flip side, just because a car has a clean title doesn’t mean it’s perfect. 

RepoFinder has a great selection of cars, trucks, SUVs, etc. at great prices! We have a list of links to banks and lenders across the country that are trying to move their repo inventory. Find something that fits your needs today!