Tag Archives: car buying

Inova Credit Union Vehicles and Property For Sale

Where to Find Inova Federal Credit Union Repos

If you’re looking for a smart way to save money on a vehicle, buying a repossessed car from a credit union might be the best option. One great place to start is by exploring repossessed vehicles from Inova Federal Credit Union. In this guide, we’ll walk you through the process of finding Inova Federal Credit Union repos and explain why buying bank-owned vehicles could be your ticket to great savings.

A Brief History of Inova Federal Credit Union

Inova Federal Credit Union has been serving its members since 1942. It was founded by the employees of Miles Laboratories in Elkhart, Indiana. Over the decades, the credit union has grown, offering financial services to thousands of members across the country. Inova is committed to helping its members achieve financial success, including offering repossessed vehicles and properties for sale at competitive prices.

What Are Repossessed Vehicles?

Repossessed vehicles are cars, trucks, motorcycles, RVs, and even boats that have been taken back by a lender because the owner failed to keep up with loan payments. Banks and credit unions like Inova resell these vehicles to recover the remaining balance of the loan. This gives savvy buyers like you a chance to purchase vehicles at much lower prices compared to traditional dealerships.

The Benefits of Buying Inova Federal Credit Union Repos

Buying a repossessed vehicle from Inova Federal Credit Union can offer multiple advantages, including:

  1. Cost Savings
    Repossessed vehicles are often sold below market value. Since Inova Federal Credit Union isn’t focused on making a profit from selling repos, you avoid dealer markups or commissions. You’re buying directly from the lender, which means more savings.
  2. No Hidden Fees
    Unlike auction houses or brokers that may charge commissions, Inova sells these vehicles without extra fees. What you see is what you get.
  3. Diverse Options
    Inova Federal Credit Union offers a variety of repossessed vehicles, including cars, trucks, motorcycles, RVs, ATVs, and even real estate.
  4. Well-Maintained Vehicles
    Many repossessed vehicles are relatively new and in good condition. They might have been taken back because of financial difficulties, not because of mechanical problems. Inova Federal Credit Union ensures that the vehicles are in reasonable condition before listing them for sale.

How to Find Inova Federal Credit Union Repos

Here’s a step-by-step guide to help you find and purchase repossessed vehicles from Inova Federal Credit Union:

  1. Start at RepoFinder.com
    RepoFinder.com is your go-to source for finding repossessed vehicles from banks and credit unions across the U.S. It’s the only platform that connects you directly with lenders, so you avoid any middlemen or extra fees. Check out the list of available repos on RepoFinder.com to find a variety of repossessed vehicles, including those from Inova Federal Credit Union.
  2. Visit Inova Federal Credit Union’s Website
    Once you’re on RepoFinder.com, navigate to Inova’s page, or you can directly visit Inova Federal Credit Union’s repossessed vehicle page. You’ll find a selection of available vehicles and properties that are for sale. From there, you can explore detailed listings, including photos, vehicle history, and pricing.
  3. Contact Inova for More Details
    If a vehicle catches your eye, reach out to Inova Federal Credit Union to ask any questions or to arrange a test drive. Most credit unions, including Inova, are transparent about their process and will be happy to help you with your purchase.
  4. Secure Financing
    One of the advantages of buying from a credit union like Inova is that they can often provide financing for the repossessed vehicles they sell. You may qualify for a lower interest rate than you’d find at a traditional dealership.

Why Do Credit Unions Like Inova Sell Repossessed Vehicles?

When a borrower defaults on a loan, the credit union has the right to take back the vehicle or property tied to the loan. This is called repossession. Once the credit union regains possession, they sell the vehicle or property to recover as much of the loan balance as possible. This is why Inova Federal Credit Union lists repossessed cars, trucks, motorcycles, RVs, boats, and even homes for sale. By purchasing these repos, you help the credit union recover its losses, while also scoring a great deal for yourself.

The Repossession Process: Why It Works for Buyers

Here’s how the repossession process works:

  1. Loan Default
    If a borrower falls behind on payments, Inova Federal Credit Union will issue warnings. After a certain period, if payments aren’t made, the vehicle is repossessed.
  2. Preparation for Sale
    Once repossessed, Inova Federal Credit Union checks the vehicle’s condition. They’ll make sure it’s ready for sale, often providing basic maintenance or repairs.
  3. Listing for Sale
    The vehicle is listed for sale, often below market value, giving buyers like you a chance to purchase a reliable car at a fraction of the price.
  4. Direct Purchase
    You can contact the credit union to arrange to see or test drive the vehicle before making a purchase. The sale is direct, with no middlemen or commissions, so you get a better deal.

Additional Tips for Buying Repossessed Vehicles

  • Inspect the Vehicle
    Always inspect a repossessed vehicle or get a mechanic’s opinion before making a purchase. While most vehicles are in good shape, it’s always better to be cautious.
  • Research the Market Value
    Before buying, check the vehicle’s market value. This ensures you’re getting a good deal.
  • Check Vehicle History
    Inova Federal Credit Union often provides vehicle history reports, but you can also run your own check through services like Carfax to ensure the vehicle hasn’t been in major accidents or had serious issues.

Conclusion

If you’re looking to save money on a reliable vehicle, checking out repossessed vehicles from Inova Federal Credit Union is a great option. The process is simple, and with RepoFinder.com as your starting point, you can find a wide variety of vehicles without any added fees or commissions. Start your search today and enjoy the savings that come with buying directly from lenders.

To learn more about the benefits of buying repossessed vehicles, check out our blog post on 5 Common Myths About Repossessed Vehicles Debunked. Happy car hunting!

Deseret First Credit Union Repossessed Vehicles For sale

Where to Find Deseret First Credit Union Repos

If you’re looking to save big on a car, truck, boat, or even real estate, buying repossessed items directly from banks and credit unions like Deseret First Credit Union is a great option. In this post, we’ll explore how to find Deseret First Credit Union repos and why it makes sense to buy these assets.

We’ll also cover the steps banks take to repossess vehicles, how they resell them, and why buying directly from credit unions saves you money. Let’s dive in!

What Is Deseret First Credit Union?

Deseret First Credit Union was founded in 1955 to serve members of The Church of Jesus Christ of Latter-day Saints (LDS). They provide financial services to individuals and families, focusing on values like integrity and service. Over the years, Deseret First has grown to offer a wide range of products, including checking and savings accounts, auto loans, mortgages, and even repossessed vehicles.

Buying a repossessed vehicle from Deseret First Credit Union can help you save on your next purchase. Since you’re buying directly from the credit union, there are no extra commissions or fees added by third-party sellers.

Why Do Banks and Credit Unions Repossess Vehicles?

Banks and credit unions lend money to people who want to buy cars, trucks, boats, motorcycles, or even homes. When borrowers stop making payments on their loans, the lender has the right to take back (repossess) the item to recover their loss. Once the credit union has repossessed the vehicle, they sell it to the public to get back the loan amount.

Repos are usually sold at a discount because the bank is simply trying to recover what they can from the loan. That’s where you can find a great deal.

Benefits of Buying Repossessed Vehicles and Real Estate

There are many advantages to buying repossessed vehicles or real estate directly from credit unions like Deseret First. Here are some reasons why you should consider it:

  1. Lower Prices
    Repossessed vehicles are often sold at below market value. Since the credit union only wants to recover the loan balance, you can save a lot of money compared to buying from a dealership.
  2. No Commissions or Hidden Fees
    When you buy from a third-party seller or auction site, extra fees and commissions can inflate the price. Buying directly from Deseret First means there are no middlemen, so you pay less.
  3. Wide Selection
    Credit unions like Deseret First repossess all kinds of vehicles and properties, from cars and trucks to boats, RVs, ATVs, and real estate. This gives you plenty of options to choose from.
  4. Transparency
    Deseret First Credit Union provides clear and upfront details about the repossessed items they are selling. This means you can make an informed decision before you buy.

How to Find Deseret First Credit Union Repos

Finding repossessed vehicles and real estate from Deseret First Credit Union is simple if you know where to look. Here’s how you can start your search:

  1. Visit Deseret First Credit Union’s Website
    One of the best places to start your search is directly on their website. Many credit unions list their repossessed vehicles for sale online. You can check the latest listings and even get in touch with someone at Deseret First for more details. Visit their website to explore their offerings.
  2. Check RepoFinder.com
    Another great resource is RepoFinder.com, where you can find a full list of banks and credit unions, including Deseret First, that sell repossessed vehicles directly to the public. RepoFinder makes it easy to browse through different credit union listings and see what’s available near you. Learn more about how RepoFinder works.
  3. Contact Deseret First Directly
    If you can’t find the information you’re looking for online, don’t hesitate to contact Deseret First Credit Union directly. Their team can provide details about available repossessed vehicles and properties and answer any questions you may have.

Steps to Buy a Repossessed Vehicle

Once you’ve found a repo vehicle you’re interested in, the next step is purchasing it. Here’s a quick rundown of what to expect during the process:

  1. Research the Vehicle
    Once you find a vehicle, make sure to research it thoroughly. You’ll want to know its history, mileage, condition, and any repairs it may need. Most credit unions will provide this information upfront, but it’s always smart to double-check.
  2. Get Preapproved for a Loan
    If you need financing, you can often get preapproved for an auto loan from the same credit union selling the vehicle. This makes the process smoother and faster.
  3. Schedule a Test Drive or Inspection
    Many credit unions, including Deseret First, allow you to test drive or inspect the vehicle before buying. Take advantage of this to ensure the car meets your needs.
  4. Make an Offer
    Once you’re ready, you can make an offer on the vehicle. Credit unions are usually open to negotiations, so don’t hesitate to offer a reasonable price.
  5. Finalize the Purchase
    If your offer is accepted, the final step is completing the paperwork and making the payment. Congratulations, you’ve just bought a repossessed vehicle!

Start Your Search For Deseret First Credit Union Repos with RepoFinder.com

If you’re serious about finding a great deal on a repossessed vehicle or real estate, start your search with RepoFinder.com. This easy-to-use site lists repos from banks and credit unions across the country, including Deseret First Credit Union. The best part? You can browse for free and find repos directly from the source.

Conclusion

Buying repossessed vehicles or real estate from Deseret First Credit Union offers huge savings, no hidden fees, and a wide selection. Whether you’re looking for a car, truck, or even a boat, starting your search with RepoFinder and Deseret First Credit Union is the smart way to save.

Check out the latest repossessed vehicles at Deseret First Credit Union, and don’t forget to explore other repos on RepoFinder.com. You never know what kind of deal you’ll find!

navy federal credit union repos are a great option to buy a used car or truck at a discount. Credit unions sell repossessed vehicles back to the public which saves car buyers money. Navy Federal CU also has great customer service and loan rates

Where to Buy Navy Federal Credit Union Repos

Are you looking for a reliable source to buy a used car at a great price? Navy Federal Credit Union repos (NFCU) might be just what you need! They sell repossessed vehicles to the public at discounted prices. But before we dive into how you can find these deals, let’s talk a bit about Navy Federal Credit Union and why buying a repossessed car from them can be a smart choice.

A Brief History of Navy Federal Credit Union

Navy Federal Credit Union, established in 1933, is the largest credit union in the United States. Initially created to serve military members and their families, NFCU now has over 10 million members and offers a variety of financial products, including auto loans, mortgages, and credit cards. With a strong reputation for customer service and support, they help members reach their financial goals.

What Are Repossessed Cars?

Repossessed cars, often called “repos,” are vehicles that the lender takes back when the owner cannot make the payments. After repossession, the credit union sells these cars to recover the remaining loan balance. This process allows buyers to purchase vehicles at prices well below market value.

Why Should You Buy a Repossession from Navy Federal Credit Union?

Purchasing a repo from Navy Federal Credit Union comes with several key advantages:

  • Save Money: Since NFCU aims to recover the remaining loan balance, they sell repossessed cars at prices lower than those at dealerships.
  • Well-Maintained Vehicles: Most repossessed vehicles remain in good condition because the previous owners took care of them before facing financial difficulties.
  • Transparent Process: NFCU provides detailed information about each vehicle’s condition, history, and pricing, helping you make an informed decision.
  • No Middlemen: You buy directly from the credit union, which means no extra fees or commissions.
  • Wide Selection: You can find a variety of makes and models, giving you the opportunity to find the perfect car for your needs and budget.

How to Buy Navy Federal Credit Union Repos

If you’re ready to buy a repossessed vehicle from NFCU, follow these simple steps:

  1. Visit the Navy Federal Credit Union Repossession Page:
    • Start by checking the NFCU website. They often list available repossessed vehicles online.
  2. Browse the Listings:
    • Take your time to explore the available vehicles. You’ll find detailed information on each car, including make, model, year, mileage, and condition.
  3. Reach Out to NFCU:
    • Contact Navy Federal to ask for more details about the car you’re interested in or to schedule a viewing.
  4. Make an Offer:
    • If you find a car you like, go ahead and make an offer. While NFCU usually has a set price, you might have some room to negotiate.
  5. Arrange Financing:
    • If you need a loan to buy the car, NFCU offers financing options for their repossessed vehicles. This can make the process even easier.
  6. Complete the Purchase:
    • Once your offer gets accepted, finalize the purchase, pay the agreed amount, and complete any necessary paperwork.

Final Thoughts

Buying a repossessed car from Navy Federal Credit Union can help you save money and get a reliable vehicle. With their transparent process, excellent selection, and lower prices, you should definitely check out their inventory if you’re in the market for a used car. Just remember to do your research and inspect any vehicle you’re interested in before making a purchase.

Happy car hunting!

Repo Direct: The Best Way to Buy Repos Is Straight from the Lender

If you’re looking for a way to buy repos from the bank or a credit union, RepoFinder.com is the ultimate solution. RepoFinder connects you with lenders in all 50 states, so you can purchase repossessed cars, trucks, boats, RVs, ATVs, and more—without dealing with middlemen or added fees.

What makes RepoFinder truly unique? While many websites claim to offer repossessed vehicles, most act as brokers or liquidators, taking a cut or charging extra fees. RepoFinder, on the other hand, links you directly to banks and credit unions selling their repossessions. This means you can work directly with the lender, which keeps costs low and the buying process simple.

repossessed SUV For Sale at a Credit Union

Credit Union Repo SUV For Sale

Repossessed Jeep For Sale at a Credit Union - repofinder.com

Credit Union Owned Jeep For Sale

Why Buy Repos From the Bank?

Banks and credit unions are motivated to sell repossessed vehicles quickly, often pricing them below market value. Since RepoFinder allows you to connect straight to the source, you avoid extra costs like commissions or third-party fees. You’re not just getting a great deal—you’re getting peace of mind knowing you’re dealing with a reputable financial institution.

Whether you’re searching for a reliable car, a heavy-duty truck, or even recreational vehicles like boats or RVs, RepoFinder gives you access to a wide variety of vehicles across the country. With listings from lenders in all 50 states, you can browse repos for sale no matter where you are.

With RepoFinder.com you can buy repossessed vehicles directly from banks without fees, commissions, or a middleman.

RepoFinder is your direct source for Bank and Credit Union Repo Sales

How Does RepoFinder Work?

RepoFinder is easy to use. Simply visit the website, browse through the free list of banks and credit unions in your area, and check out the vehicles they have available. The process is fast, straightforward, and completely free to access. Plus, since you’re dealing directly with the lender, you can be confident you’re getting an honest deal.

For even more benefits, consider upgrading to RepoFinder Pro. Pro members enjoy an ad-free experience and gain access to exclusive, curated repossession listings.

When it comes to buying repossessed vehicles, skip the middlemen and go Repo Direct with RepoFinder.com. Start exploring affordable vehicles directly from lenders today!

Find Repossessed Vehicles at Banks including used cars for sale by banks and credit unions

How to Leverage Online Tools to Find Repossessed Vehicles at Banks

The internet has made it easier than ever to find repossessed vehicles at banks for sale. But with so many tools available, it can be overwhelming to know where to start. In this blog, we’ll show you how to leverage online tools to find the best deals on repossessed vehicles directly from banks.

Why Use Online Tools?

  • Convenience: You can search for vehicles from the comfort of your home.
  • Access to More Options: Online tools give you access to vehicles from banks across the country.
  • Up-to-Date Information: Many tools provide real-time information on available vehicles.

Best Online Tools for Finding Repossessed Vehicles

  • Bank Websites: Many banks list their repossessed vehicles directly on their websites. Bookmark your favorite banks and check them regularly.
  • Repo Listing Sites: Websites like RepoFinder aggregate listings from multiple banks, making it easy to find a variety of vehicles.
  • Auction Sites: Some banks sell repossessed vehicles through online auctions. Keep an eye on auction sites for deals.
  • Social Media: Follow your local banks on social media. They may post about repossessed vehicles for sale.

How to Use Online Tools Effectively

  • Set Alerts: Many websites allow you to set alerts for when a vehicle that meets your criteria is listed.
  • Compare Prices: Use online tools to compare prices across different banks and regions to ensure you’re getting a good deal.
  • Read Reviews: Check reviews or forums to see what others are saying about the tools or banks you’re using.

Tips for Finding the Best Deals

  • Search Regularly: The best deals go quickly, so it’s important to check listings often.
  • Be Flexible: Being open to different makes, models, or locations can help you find better deals.
  • Know the Market: Understanding the market value of the vehicle you’re interested in will help you spot a deal when you see one.

Conclusion

Online tools have revolutionized the way we find repossessed vehicles at banks. By using these tools effectively, you can find great deals on vehicles directly from banks. Set alerts, compare prices, and stay flexible to maximize your chances of finding the perfect car at the right price.

buying a repo directly from a bank

The Untapped Potential of Small Banks: Finding Repossessed Vehicles

Introduction

When searching for repossessed vehicles, most people think of big banks or online auctions. However, small local banks can be a goldmine for great deals. In this blog, we’ll explore why small banks are a hidden treasure for car buyers and how to tap into this resource.

Why Small Banks?

  • Less Competition: Fewer people know about repossessed vehicles at small banks, meaning less competition.
  • Personal Service: Small banks may offer more personalized service, helping you get the information you need.
  • Unique Finds: You might find vehicles that aren’t available through larger institutions.

How to Find Repossessed Vehicles at Small Banks

  • Visit in Person: Many small banks don’t list repossessed vehicles online. Visiting in person can help you discover opportunities.
  • Build Relationships: Get to know the staff at your local bank. They may notify you when a repossessed vehicle is available.
  • Check Community Boards: Small banks may post notices of repossessed vehicles on community boards or in local newspapers.

What to Look Out For

  • Condition of the Vehicle: Smaller banks might not have the resources to maintain repossessed vehicles. Inspect the car carefully.
  • Negotiation Power: Small banks may be more flexible in negotiations, but always come prepared with facts.
  • Local Market Knowledge: Understand the local market to spot a good deal. Prices may vary widely in different regions.

Advantages of Buying from Small Banks

  • Closer to Home: Small banks are often local, making it easier to inspect the vehicle and complete the purchase.
  • Faster Transactions: Fewer bureaucratic layers mean you can complete your purchase more quickly.
  • Supporting Local Economy: By buying from small banks, you’re supporting your local community.

Conclusion

Small banks offer a unique opportunity for car buyers looking for repossessed vehicles. With less competition and the potential for better deals, small banks should not be overlooked. Visit your local bank, build relationships, and you may find your next car at a price you’ll love.

Top Models of GMC Trucks 2023/2024

GMC trucks are renowned for their premium design, robust performance, and advanced technology. The 2023/2024 lineup continues to uphold these standards, offering a range of models tailored to meet the diverse needs of truck enthusiasts. Let’s explore the top models in the GMC lineup:

  • 1. GMC Canyon
  • The GMC Canyon strikes a balance between capability and maneuverability, making it an excellent choice for those seeking a midsize truck. With its refined interior, advanced infotainment options, and available diesel engine, the Canyon is well-suited for both urban adventures and off-road excursions.
  • 2. GMC Sierra 1500
  • Combining luxury with capability, the GMC Sierra 1500 is a standout in the full-size truck segment. The 2023/2024 models feature distinctive styling updates and a host of technological advancements, including an available MultiPro Tailgate and advanced driver-assistance systems, enhancing both utility and convenience.
  • 3. GMC Sierra 2500HD
  • Built to handle heavy-duty tasks with ease, the GMC Sierra 2500HD offers impressive towing and payload capacities. Whether towing a trailer or hauling equipment, this truck delivers uncompromising performance, supported by powerful engine options and advanced towing technologies.
  • 4. GMC Sierra 3500HD
  • At the top of the GMC lineup for heavy-duty trucks, the Sierra 3500HD excels in power, capability, and durability. Designed for maximum towing and payload requirements, it features robust engineering, including available dual rear wheels for enhanced stability when hauling large loads.
  • 5. GMC Sierra 3500HD CC (Chassis Cab)
  • Ideal for commercial applications, the Sierra 3500HD CC provides a configurable chassis cab platform. This allows businesses to tailor the truck to specific vocational needs, whether for utility bodies, flatbeds, or other specialized equipment, ensuring optimal efficiency and functionality.

Conclusion
Whether you choose Chevrolet or GMC, the 2023/2024 truck lineup offers a comprehensive range of models designed to meet the demands of modern drivers and businesses alike. From everyday versatility to heavy-duty performance, these trucks exemplify the commitment to quality and innovation that defines both Chevrolet and GMC brands. Whatever your needs may be, there’s a Chevrolet or GMC truck ready to exceed your expectations.

Top Models of Chevrolet Trucks 2023/2024

Chevrolet trucks have long been synonymous with rugged reliability and cutting-edge innovation, and the Chevrolet Trucks 2023/2024 lineup continues this tradition with a range of powerful models designed to tackle any task. Whether you’re looking for a capable workhorse or a versatile daily driver, Chevrolet offers a truck to match your needs. Let’s explore the top models in the Chevrolet lineup:

1. Chevrolet Silverado 1500

The Chevrolet Silverado 1500 remains a cornerstone of the American truck market, blending robust performance with modern comforts. For the 2023/2024 models, Chevrolet has refined its design, enhancing both exterior aesthetics and interior comfort. Under the hood, drivers can choose from various engines, including potent V8 options, ensuring ample power for towing and hauling.

2. Chevrolet Silverado 2500HD

Stepping up in capability, the Silverado 2500HD is designed for those who require enhanced towing and payload capacities. Ideal for both personal and commercial use, this heavy-duty truck boasts advanced trailering technologies and a robust chassis to handle demanding tasks with ease.

3. Chevrolet Silverado 3500HD

For the most challenging jobs, the Chevrolet Silverado 3500HD delivers uncompromising power and capability. With a focus on heavy-duty performance, this truck is equipped with potent diesel engine options and a reinforced frame, making it a top choice for serious towing and hauling needs.

4. Chevrolet Silverado 3500HD CC (Chassis Cab)

Specifically tailored for commercial applications, the Silverado 3500HD CC offers a customizable chassis cab configuration. This allows businesses to fit specialized bodies or equipment suited to their operational requirements, enhancing versatility and productivity on the job site.

When searching for used vehicles, one of the best resources for deals is buying repos directly from banks and credit unions at RepoFinder.com.

Classic 70’s Truck Ads

You can learn a lot from these classic 70’s truck ads. Many people who buy pickup trucks today don’t use them for tough jobs like they used to. One big clue is the size of the truck beds. For example, the Chevrolet Silverado Crew Cab can come with a 5.5-foot bed, which is too small for things like a full-size sheet of plywood or a couch. What’s interesting is that Crew Cab trucks are the most popular type of Silverado.
Compare these new Crew Cab trucks with an old Chevrolet LUV compact pickup truck mentioned later in this article. One of the LUV’s selling points is its longer 7.5-foot bed. Also, check out the Toyota ad below that includes technical details like transmission gear ratios.

Another thing to notice is that all the ads here show regular-cab pickups. But these days, many dealerships don’t even keep regular-cab trucks in stock. Instead, they focus on models with four doors like crew cabs or extended cabs. It’s estimated that less than ten percent of new trucks sold are regular-cab.

Because new pickups are so comfortable, it’s not surprising that more people use them as everyday cars. But at Consumer Guide, we miss the simplicity of old-school two-door trucks with basic features like manual transmissions and steel beds without extra liners.
Here are ads for pickups from the 1970s, sorted by the year they were made. If you’ve ever used one of these trucks for work, let us know about your experience. Was it really that tough to get by without backup cameras and lane assist? At RepoFinder.com we occasionally see classics like these come up for sale. You can search our nationwide repossessed truck database here.

Buying a repossessed car

The Different Places to Buy Repossessed Cars

Are you in the market to buy a car but don’t have the cash on hand? A repossessed car can be a great fit! Repossessions are vehicles that have been taken from their owners by the bank. This happens when the owner doesn’t make the payments on their loan. The bank then sells the car to recoup some of their losses. Repo cars can be sold in a number of places. Let’s take a look at where you can find a repossessed car of your own!

Car Dealerships 

Car dealerships sometimes sell repossessed cars that they acquire from trade-ins or auctions. This is a fast and easy way to get a repo car and save some money. However, don’t expect to get as much of a deal. Since dealerships often tidy up and repair these vehicles, they raise the price. If you want a “true” repo, you’ll likely have to go to an auction. 

Banks and Lending Institutions

A better option is to buy your repo car directly from a bank or lender. Many will sell their repo inventory to the general public to recover their losses. However, this approach can be time consuming as you have to visit each bank’s website and see if they have any inventory on hand. To make things easier, RepoFinder offers a directory of websites that link to banks and credit unions. This is much easier than having to go to individual websites, and you can place a bid directly through the website. 

Online Auction Websites 

If you prefer to shop for repo vehicles online, you can also check out online auction websites. You can use the filters to find the vehicles that match your needs without having to leave the comfort of home! It’s important to read the terms and conditions for each site, as most charge fees and this can get expensive. RepoFinder Pro is just $4.95 a month and you can cancel anytime. You get unlimited searches, no ads and no sales fees or commissions. 

Government Agencies

When state agencies upgrade their vehicles, they’ll often sell off their old inventory at heavily discounted prices. As with other used cars, some of the vehicles are in great condition and others need a lot of maintenance. You can participate in the auctions online, in person or by mail-in bid. 

Salvage Yards

Visiting salvage yards or junkyards can be an option, though you may have to check back often. On occasion, salvage yards get repossessed vehicles and put them up for sale. It’s worth checking with local salvage yards in your area to see what they have available ! 

Now that you’ve learned more about where you can find repossessions, you can choose what fits your needs best. To learn more about RepoFinder, visit us today and start searching for your repo car!