Tag Archives: used cars

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 RepoFinder.com, 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. 

RepoFinder.com 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. RepoFinder.com 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! 

buying a new vehicle

Top 3 Things to Keep in Mind When Buying a Car

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

Are you in the market to buy a new-to-you car? If so, be careful about jumping into things too soon! With auto loan interest rates soaring and car prices still high, you want to make a good investment. Fortunately, you don’t have to make your decisions in a high-pressure environment. Car salespeople expect customers to leave their lot with a purchased vehicle, but shopping at the dealership isn’t your only option. You can also shop online or through an online auction. 

Below are three important things to keep in mind when buying a vehicle. 

1. New vs Used Vehicles 

The first decision you’ll have to make is whether you want to buy a new or used vehicle. There are pros and cons to both sides, so take some time to consider what’s best for your personal situation. New cars give you access to the latest technology and safety features, but you’ll pay more. However, you can potentially take advantage of low interest rates – sometimes 0% APR. 

Used cars can save you some money, but you’ll also be getting an older car that might need some repairs or attention. And, you probably won’t get all the latest safety features and technology. The best way to get a newer car with modern features at a reasonable price is by shopping for certified pre-owned vehicles or shopping for repossessions on RepoFinder.com.

2. Leasing vs Buying

Another thing to think about is whether you want to lease a vehicle or buy a vehicle. If you purchase a car, you’ll likely take out a loan and have a fixed number of payments. Once the loan is paid off, the car is yours to keep. It’s a great option if you plan to keep your car for many years and don’t mind paying for maintenance and repairs. 

A lease is also a type of loan, though it only lasts for about three years. Once this time is up, you can either pay the balance and buy the vehicle, or trade it in for something new. You’ll be putting out money every few years to cover taxes and fees, but you don’t have to pay for maintenance and repairs. 

3. Negotiations 

Before you purchase a vehicle, do your research so that you can be an effective negotiator, if need be. Research the fair market value for the vehicle you’re interested in, including its make, model, year and mileage. Do the same for your current vehicle if you plan to trade it in. 

When negotiating, be careful not to give the salesperson too much information about your financial situation and what you’re willing to pay. Focus on the facts – not your emotions. If a car isn’t in your price range, you’ll have other options. And if you’re uncomfortable with negotiating, you can always shop online and look for the best prices. 

Find a New-to-You Car at RepoFinder

RepoFinder has a huge database of lenders who are selling their repossessed inventory. Many of the vehicles are in good condition and require just a bit of TLC. You can make your bids directly online and negotiate with the lenders. They are often willing to work with buyers because they want to recoup their losses and gain new clients through financing. Try us out today and see what cars are available in your area! 

driving on road

Future Trends for the Automotive Industry

Curious to know what the future holds for the automotive industry? There are several trends that will impact the future of automobiles, including how they are powered, driven and shopped for. Let’s dive into the biggest trends for the automotive industry so that you know what to expect in 2023 and beyond. 

Increased Production of Electric Cars 

Even though most cars on the road are gas-powered, electric cars are growing. In 2020, 3 million electric cars were sold, representing 4.1 percent of total car sales. In 2021, electric car sales more than doubled to 6.6 million, representing close to 9 percent of the global car market. 

We expect to see this trend continue as electric vehicles become more desirable. Even though they are more expensive on the front end, EV drivers tend to spend about 60 percent less each year compared to other drivers. Plus, many states offer incentives for purchasing an electric car. 

Increased Sale of Pre-Owned Vehicles 

Between 2019 and 2025, experts predict a 9 percent growth rate in used car sales. The demand for automobiles is rising, particularly for vehicles that are 4 years old or newer. These vehicles are in demand because they cost less than new vehicles but still have the latest technology and safety features. 

Rise in Online Car Shopping 

No longer do car shoppers have to spend all day at the dealership. Automakers in North America and Europe are giving consumers the option to purchase the vehicles they want online. This allows consumers to shop at their convenience and explore the features they want without any pressure. 

Even sites like RepoFinder.com are making it easier to shop for used and repossessed vehicles online. With an extensive database, you can find the banks and lenders with repo cars for sale in your area. It’s a low-pressure way to shop, and you can bid directly online! 

Autonomous Self-Driving Vehicles 

Not only are electric cars growing in popularity, but also so are self-driving vehicles. The appeal to these vehicles is that they have the potential to reduce crashes, prevent injuries and save lives. However, many people don’t feel safe in these vehicles and prefer to drive themselves. 

Currently, there are about 1,400 self-driving cars on the road in the U.S. One report predicts that 33 million AVs will be on the road by 2040. However, there still needs to be more testing to ensure their safety. But AVs could be a good option for businesses who plan to have a fully autonomous fleet. 

These are some of the biggest trends for the automotive industry that we can look forward to. With more ways to shop and a diverse, innovative selection of vehicles, consumers can look forward to more options in the future. 

driving new vehicle

How Often Should You Buy a New Car?

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

When you own a vehicle, it can be difficult to know when it’s time for a replacement. Some people make the mistake of assuming they need to replace their car every few years, but the average age of a vehicle on the road is 11-12 years. Standard cars today are expected to keep running up to 200,000 miles, so this gives you an idea of how much time your vehicle has left. 

Maintaining your vehicle will also keep your car in good condition, prolonging its lifespan. Even if you don’t plan on keeping your car for very long, having it maintained is still important. Buyers and dealers prefer vehicles that have received regular maintenance and will pay more for them. Car maintenance should include oil changes, exhaust system checks, brake upkeep and tire rotation and replacement. 

Is it Time to Buy a New Car? There is No One Right Answer

Not sure if it’s time to buy a new car? There are two schools of thought here. On one hand, getting new cars every few years allows you to take advantage of the latest technology and safety features, while also having something new to drive. Plus, you can save time and money on repairs and maintenance. 

On the other hand, buying a car is an investment, and you might like the feeling of owning your car once the loan is paid off. You don’t have to worry about paying off a balance on your vehicle, and you can even decrease your car insurance payments. Car depreciation also tends to bottom out at ten years. 

Signs It’s Time to Buy a New Vehicle 

No matter how long you’ve had your car for and how well you’ve maintained it, no vehicle lasts forever. Your car must provide you with safety and reliability, so if you’re not getting this from a 7-year-old vehicle, it’s probably time for something new. Here are the ways to tell that you need a new car. 

It’s always breaking down

Whether your car fails to turn on or your brakes don’t want to work, these are signs that your car isn’t worth keeping anymore. You shouldn’t have to say a prayer every time you enter the vehicle. If you’re not ready to buy something new, find out what the problems are and how much they’re going to cost. If the cost of repairs is less than half of what a new vehicle would cost, they could be worth paying for. 

It has no tech or advanced safety features 

A number of safety features have been added to vehicles over the years, such as backup cameras and emergency braking. If your car doesn’t have any of these features, it’s time for something new. Even a new-to-you car will have new features that will keep you safe on the road and make it more desirable to drive. 

Your odometer is showing crazy miles

On average, cars last for 200,000 miles or 12 years depending on how much you drive, your maintenance and other factors. Once you reach this many miles, it’s probably time for something new and more reliable. While some well-maintained cars can last for 300,000 miles, it’s important not to push things. 

If you’re in the market for a new vehicle, search on RepoFinder today. We have a large database that includes the banks and credit unions selling repossessed cars, trucks, SUVs and recreational vehicles. They’re being sold at incredible prices, and many are in great condition with low mileage. It’s an easy way to save money while getting something new. 

obtain financing

Reasons to Obtain Financing Before Buying a Car

This entry was posted in Financing and tagged , , on by .

The best time to shop for auto financing is before you go to the dealership. While many people worry about getting a raw deal on a car, the real damage can come from the financing. Dealers make their money off in-house financing because they mark up the rate you’re offered. 

For example, if you qualify for a loan of 6 percent through a bank, the dealership may offer you 8 percent in financing. And for many car buyers, as long as the payments make sense, they don’t worry about the details. Plus, getting financing through the dealer is often fast and convenient, especially if you haven’t had a chance to shop. 

But since you are reading this article, you’re likely considering the perks to obtaining financing before heading to the dealer. Below we’ll cover the benefits of doing so in more detail, as there’s more to this than just saving money.

Favorable Terms 

Before you walk into a dealer, it’s best to have an idea of what the interest rates and loan terms are based on your credit score, as well as the monthly payments you can afford. This way, if the dealership does offer you financing, you’ll know how it stacks up to what you can get on your own. 

Lower Stress Levels 

Another benefit in obtaining financing before buying a car is that you’ll have lower stress levels when it comes time to sign the paperwork. You’ll feel confident that you’re getting a fair deal, and you’ll be better prepared to negotiate, if you have to. Car salespeople have a history of pressuring people, but being informed prevents this. 

Save Money 

By shopping for financing in advance, you can secure the best loan terms and interest rates based on your credit score. You can apply online to see how much you can borrow and what your payments will look like. It’s also possible to identify potential credit problems ahead of time. For example, if your score is lower than you thought, you can find out what’s causing the problem.

Get Better Rates 

Dealer financing is most convenient, so if you’re already pre-approved for financing, you can use this to get the best rates from the dealer. Believe it or not, dealers have some of the lowest financing rates available. When you come in with a pre-approved loan offer, the dealer must compete with this. If the dealer does beat the rates, make sure that the loan terms don’t change. 

When you shop with RepoFinder, you have access to repossessed cars, trucks and SUVs at great prices! Because these vehicles are being sold by banks and credit unions, you are also in a great position to negotiate the best rates possible. Start your search for a repo car with RepoFinder! 

repo car

5 Reasons Why Repos are a Great Deal

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

If you’re in the market for a new car, you may be surprised by what new car prices look like these days. The average new car in America sold for $48,043 in June, the highest figure on record and the first time the average has gone over the $48,000 mark. 

Average prices for used cars are way up, too. The average markup is around $10,000 and still growing, with average used car prices around $35,000.  

If you want to save money while still getting a great car, another route to entertain is a repossession. Repo vehicles have been taken from their owners for nonpayment. Many are in good condition but need some TLC like a break change, oil change and full clean. 

Below are five fantastic reasons why repos are a great deal. 

1. You can save up to 40 percent. 

Obviously, the main reason to purchase a repo car is because you want to save money. And there’s certainly nothing wrong with this! Why pay full price on a car that will depreciate in value as soon as it’s driven off the lot? 

With repos, you can save an average of 25 to 40 percent from what you would pay for a new car. Lenders aren’t in the business to sell cars. Their goal is to move this inventory and recoup their losses. 

2. There’s a great selection to choose from. 

Tired of looking at empty dealership parking lots? RepoFinder provides a directory of links to all the banks and credit unions selling repos. We update our inventory regularly, so you can always find new vehicles being added. Find new cars, old cars, SUVs, classics, sedans, minivans and so much more. We even have aircraft, boats and ATVs! 

3. You can negotiate the price. 

Most repos require you to place a bid. If the bid is open, you’ll be able to see what people are bidding. If it’s closed, you won’t. To place a competitive bid, know what the car is worth and the work you have to put into it. Don’t be afraid to offer less – negotiations are welcome and even encouraged. 

4. You can get the car right away. 

Another perk to purchasing a repo car is that you can often take the vehicle home right away. With the recent chip shortage, people were waiting up to 12 weeks for their vehicles to come in! 

While there is slightly more inventory now than there was, it’s still taking a long time for new cars to be delivered. Because of this, more people are holding onto their used cars. A repo is ready to buy now. Place your bid, wait for it to be accepted and close the deal. 

5. No commissions, fees or pressure – shop on your own terms. 

RepoFinder is unique because we conduct business online. Once you find a car that you like, you can communicate directly with the seller. But, unlike dealerships where you work with a car salesperson, you don’t have to do this with repos. The banks are looking to sell this inventory for a fair price, and there is no obligation to buy. 

As you can see, repossessed cars are a great deal! You can save time and money, while also getting a great car that you can start driving right away. 

used car shopping

RepoFinder: Say Goodbye to Commission-Based Sales Teams

When you go to purchase a car from a dealership, a car salesperson will likely help you along the way. They’ll point out the vehicles that fit your needs, take you for a test drive and work with the financing team to make your payments affordable. While car salespeople can be helpful, they can also be pushy. Very pushy. 

There’s a reason why car salespeople are the way they are – they’re under pressure to maximize their profits and sell the most vehicles possible. The more you pay for the vehicle, the more commission they get, which is why they will also try to upsell you on extended warranties and other features. 

Due to this high-pressure environment, some people prefer to shop for cars online. They don’t have to deal with the same pressure, and they can take their time researching the different makes and models. However, when they find a car they like, they often have to go to the dealership to buy it. 

So what if you want to say goodbye to working with commission-based sales teams and shop for cars on your own? RepoFinder is a great alternative. 

What is RepoFinder? 

RepoFinder provides a simple directory of links to banks and credit unions that sell repossessions. These are true repossessions – cars that have been taken from their previous owners for nonpayment. Other places may claim to sell repos, but they often take them, fix them up and sell them for a profit. Not RepoFinder. 

When you buy from us, there are absolutely no fees or commissions. You are buying a car from a bank or credit union that is just looking to recoup some of their losses. They are not trying to get the most money from the sale – they simply want the car sold at a fair price. You can ask questions and make an offer all on our site. 

Tips for Buying a Repo on RepoFinder 

To make the process as smooth and seamless as possible, here are some tips when buying a repo car on RepoFinder: 

  • Take your time and do your research. We have repos in all 50 states, and we update our inventory regularly. Take your time looking through our vehicles and reading the information that is available, such as make, model, condition and features.  
  • Make a competitive bid. Know how to make a competitive offer. Some bids are open and some are closed, so you may not know what other people are offering. And don’t be afraid to offer less – everything is priced to sell. 
  • Inspect the vehicle. Even though you’re shopping online, you should still do your due diligence. Most lenders will allow you to inspect the vehicle before signing anything. 
  • Secure your financing. You can get financing on your own, or you can work with the lender to obtain financing. This could work in your favor, as the lender may be willing to negotiate a lower price. 

If you’re hoping to shop for used vehicles in a commission-free environment, visit RepoFinder today. 

used car warranty

Do Used Cars Come with Warranties?

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

When shopping for used cars, you might think that you have to forgo some type of warranty or protection for your purchase. But this isn’t necessarily true. Most used cars from a dealership come with a limited 30-day factory warranty, or you may have the option to purchase a used car warranty. You may even get a warranty if you buy your new-to-you car from a private seller! 

Let’s learn more about used car warranties, what they cover and how to know what your used car purchase will come with. 

Transferring a Warranty 

New cars typically come with manufacturer warranties that cover repair and replacement costs due to factory errors. They typically last for three years/36,000 miles and five years/60,000 miles, though powertrain warranties can last even longer. Your factory warranty length depends on the manufacturer, but you’ll likely have options to extend it. 

When a car sells before the warranty is up, there is an option to transfer the car warranty to the new owner. In other words, the warranty doesn’t just go away because someone new is driving the vehicle. To initiate the transfer, the current owner of the vehicle will have to contact the warranty company or dealership.

If you’re buying a used car from a private seller, be sure to ask them if the manufacturer warranty is still active. If it is, you can likely get this warranty transferred over to you, giving you more protection and peace of mind. 

Getting a Used Car Warranty 

If the vehicle you’re looking to purchase no longer has an active warranty, you do have another option. You can purchase an extended warranty. Extended warranties and vehicle service contracts are add-on products that provide warranty coverage that lasts longer than the original warranty. 

You have choices as to which warranty to buy depending on your budget and what you want covered. Some used car warranties are comprehensive and offer bumper-to-bumper coverage while others only cover specific vehicle systems. These types of warranties are backed by independent providers or automakers. 

Are Car Warranties Worth It? 

When you purchase a new car, you automatically get a warranty, so there’s no reason to question whether or not it’s worth it. But when you have to take out an extended warranty, you’ll have to ask yourself if this type of protection is worth paying for. 

When it comes to the long-term costs of your car, experts often say that extended warranties are a bad deal. Most people never touch them, and even if they do experience problems, it’s often cheaper to pay the repairs out of pocket. 

That being said, if you have the extra money to spend and you’re concerned about the condition of the vehicle, an extended warranty may be beneficial for you. It will make the repair process much easier, plus provide you with greater flexibility and peace of mind. 

Shop for Repossessed Cars Today 

Shop for new-to-you cars at RepoFinder! We have a free list of repossessed vehicles from lenders and credit unions all over the country! There are no commissions or fees, and most lenders are willing to negotiate to make the deal as attractive as possible. 

fix old car

Should You Fix Up or Break Up with Your Car?

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

If you’re in a rocky relationship with your car, you might be wondering if you should put work into it or dump it. There’s no easy answer, as it all depends on the type of car you have, the overall condition it’s in, its mileage and other factors. But your goal is probably the same as everyone’s: To put your time and money into a vehicle that will provide you with many more years of use. 

Let’s look at the pros and cons of fixing up your car vs parting with your car so that you can make an informed decision that you’ll be happy with! 

Pros and Cons of Fixing Your Old Car 

It’s more tempting to buy a new car. Not only are you getting something new, or at least new to you, but also you can eliminate the headaches with your current vehicle. But experts say that you’ll almost always come out ahead by making the repairs. However, you also need to know when putting in the work is no longer worth it. 

To determine if it’s financially worth fixing your car, look up the current value of your vehicle in Kelley Blue Book. If the repairs cost more than the value of your car, or more than one year’s worth of monthly payments on a replacement car, it’s in your best interest to part ways. 

Other things to consider are the safety and reliability of your current car and its fuel efficiency. You can save money on fuel and give yourself peace of mind by buying something new. But if you feel that your car has plenty of life left and will be a safe, reliable vehicle once the repairs are made, it’s probably best to fix it.

The benefits of repairing your current vehicle are: 

  • Faster than shopping for and buying a new car
  • No change in auto insurance payments
  • The car’s history is known 
  • No need to list and sell your vehicle 
  • Save money and keep your car payments the same 

Pros and Cons of Breaking Up with Your Car 

Obviously, the biggest benefit to breaking up with your current car is that you get to start fresh. If you plan to buy or lease something new, you get to take a break from repair work. Sure, you’ll pay more a month in car payments and auto insurance, but you don’t have to worry about things breaking down unexpectedly. 

That being said, if you plan to buy another used car, you may have another list of problems soon after. And you may not truly know the vehicle’s history, even though you can learn a lot about this through the vehicle’s history report. So, it’s important to keep realistic expectations about what you are buying. 

A new(er) car will also give you other benefits such as: 

  • New warranties and coverage for maintenance 
  • More advanced safety features to be safer on the road
  • Greater reliability and peace of mind
  • Save time from not having to make frequent repairs 
  • Save money on fuel costs – new cars are more efficient 

Shop for Used, Affordable Vehicles with RepoFinder – and Get the Best of Both Worlds! 

When you shop for a vehicle with RepoFinder, you’ll have immediate access to hundreds of vehicles that fit your needs. Our inventory consists of repossessed cars, trucks, SUVs and recreational vehicles that have been taken from their previous owners for failing to make the monthly payments. 

The banks, lenders and credit unions don’t want these vehicles – they simply want to recoup some of their losses. Therefore, they’re often willing to negotiate and help with the financing. This way, you can get something new to you, reliable, safe and efficient while saving money. Browse our site to see what’s available in your area!