Sunday, August 29, 2010

Car Repos - Save Money By Buying Clean Titled Cars from Car Repos

If you are reading this blog, there is a chance that you are in the market for a used car. An option that is not known to many is that of buying a repossessed or seized car, often called as car repos or car repo. These are cars that are taken back by the banks after people are not able to make payments on them anymore.

The best part about car repos is that they are "clean title cars". This is not like a salvage car that has undergone some major work. They are just good cars that do not have an owner anymore. There are many people out there who will skip on repossessed car auctions simply because they think that the cars sold in repossessed car auctions are junk cars.

Though car repos can help you find great cars at great prices, you will find that information on them is a little hard to find. However, some websites maintain a database of these cars that have been seized by the Government and other banks and also allow auctions on it. You will just be blown away with the prices that you will find at some of these auctions.

One such website is this one - Government Car Auctions, which will allow you to first search for your car to see if it is available in area and then allow you to bid on it. You can either physically visit the car repos or car repo auction to inspect the car personally or you can just bid on them from the comfort of your own home. If I were you, I would make a trip to the car repos auction to check out the car. It is just common sense to inspect the car to be assured of the purchase. However, you can still buy a great car without ever leaving your home as some of these car repos or car repo auctions will sell cars that have been certified as green light or problem free cars. A green light car in an auction means that it has been tested out by a mechanic. You can read more about these options when you visit the site mentioned above.

If you are really going to drop some cash on a used car, get a great deal by cashing in on car repos. It is the biggest kept secret in used car buying that is slowly becoming less and less of a secret. Take advantage while you can by visiting the link mentioned above for more information. In fact, most dealerships buy their cars from such car repo auctions and then mark it up about 50-100% before selling it to the general public. So, just imagine what you will pay if you skipped the dealer and bought a used car straight from a car repo auction.

Most people who miss out on car repos are people who are just too lazy to do a little bit of research to find out about good deals. They would rather go to a dealership and pay hundreds or even thousands of dollars extra just to get a convenient deal.

But, one has to understand that by spending just a few hours on research, you can save thousands of dollars. The most important thing about buying from car repos is that you will never ever find some deals anywhere else in the market. Repossessed cars are routinely sold for about a 30-60% discount off the sticker price you will find for a similar car that is sitting on a used car dealership.

Car repos or car repo auctions and done in an effort to liquidate cars quickly. The bank has to pay expenses like storage and maintenance to keep these cars running while they just sit on a lot without a owner. Car repos help these banks liquidate these cars quickly, thus saving money and costs for the banks and Governments.

Loans that are not repaid are written off as bad debts and the banks are well aware that these cars can be sold for a lot more. But, they sell it cheap anyways as car repos or car repo auctions allow them to sell quickly, which is the key. That is where you as a user stand to benefit.

Don't buy a used car in a conventional way when you can possibly save thousands of dollars by spending less than $40 on a site that will show you where to get that great buy. You can either buy yourself a great car for personal use or make a very tidy income buy buying and selling these cars to the general public. You can make as much as $1,000 with just a few hours of work once you figure out the best practices in buying cars from car repos or car repo auctions. I have friends who knew nothing about car sales but these guys make anything between $500-$2,000 in PROFIT per week just by buying and selling cars from these car repo auctions.

You can also learn about car repos from popular sources such as wikipedia. Here is a technical explanation about repossessions at a site related to banking.

In conclusion, I would like to say that you should at least consider buying a used car from a car repo auction before you go over to the dealership. Chances are that you will never go to a dealership as the price difference is just too much.



  1. hi there, these car repos are the best places to buy a used car. i am the proud owner of an 2008 Acura Integra. I did so much shopping to try to find this car at a great price. Most of it did not really work out as I though the price was too high.

    I then came across the website that you are talking about above and searched for that particular model. It said that it was available and I went ahead and spent the $40 to participate in the auction...It was pretty amazing because I bought the same sort of acura that I looked at in the dealerships, only for half the price !!! - yes, half the price for a clean title, no problem acura. Dealerships are nothing when it is compared with used car repos.

  2. @jeanpipette, it is nice to know that you found a great Acura. I too have recently begun looking through car repos auctions. Car repos are still not very popular and that is why the prices are quite low at these car repos. I still haven't bought a car from these auctions although there are so many choices that will make me buy one soon. the owner of the blog, nice, information article...

  3. Good information here for those who wants to have their cars at a lesser price.

    Thanks for sharing your knowledge

  4. Good information here for those who want to buy their cars at a lesser price.

  5. I am really glad that at least a couple of people have found this information useful. But really...I wish more people would explore this option, especially if they are buying a used car. There is so much money to be saved.

  6. Hi Richy

    I found your site through a comment on my blog. I am happy that you found it useful.
    Also that your site is informative on used car buying. How may I help you in this regard.

  7. I also found this site through a comment on my blog. Looks like valuable information.


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  10. Hi,
    You made a comment on my blog so I just now found your blog! I'm always happy to exchange links and info! I like your blog. Please come back to mine anytime!

  11. Thanks for your request, i will be more than happy to exchange links and information with you. cheers. Http://

  12. Same here, saw your comment on my page. You found the only one without the captcha code on it, thanks. Link exchange? OK.

  13. Well, I don't do link exchanges but I will do a post just for you because I like your blog and info! I'll link to your blog in the post! I'm the owner of so check back there to see. I'm posting on here with my blogger account even though I don't really use it anymore but this is the only account I have that would work on here.

  14. Unfortunately, the Indian market is so not ready yet! Wish these repos were there in India too :(

  15. @Sraavani - You are right..the car repos website that is linked to in this blog is only available for car repo auctions in the U.S....I am sure this kind of a system will come up in India too, some day.

  16. Nice Blog, When I am in the market for a car I know where to go. Most of your links aren't working.Thank you for liking my blog at

  17. Hi Gary, thanks for pointing that out to me. I fixed the link again. I was not sure what happened there. I like your running blog too. You must be a fitness freak :)

  18. Hey Richy, great info, Funny how it takes comming across a site like this to start someone thinking about their next car!

  19. Hi, Richy.

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    I like the information I find on your page. I will bookmark it and keep it in mind when I want to purchase a used vehicle in the future.

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  20. You have wonderful information out there, i will bookmark this for any future.

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