| The biggest advantage to car repo auctions is that a | | | | opportunity to save a lot of money in these auctions |
| lot of money can be saved from normal purchase | | | | that have repo cars. |
| methods. The term car repo is used to refer to when | | | | The reason why we can get these incredible low |
| a car is repossessed by someone or any institution. | | | | prices is because when these cars are in the |
| These institutions can be the government, banks and | | | | warehouses of banks, government and other |
| loan companies. We can get any kind of car at very | | | | organizations, they have many maintenance costs and |
| low prices because these organizations will get rid of | | | | also the market value of these cars is decreasing |
| them year round and with whatever price gets them | | | | every single day. They just want to get rid of those |
| out the door. | | | | cars as soon as possible to recover the money they |
| When we think that we can get a fancy car at 90 | | | | have invested in their operations. Their business is in |
| percent off the retail price in the showrooms, then we | | | | the next loan not their next used car sale. |
| like the idea of finding repossessed cars at auction | | | | In the past only the car dealers and the car brokers |
| events. Here's an interesting fact, everyday thousands | | | | could take advantage of these auction and now we |
| of cars are repossessed by banks, the government | | | | can take advantage of them too. We can either save |
| and many financial institutions who also are dealing with | | | | a lot of money on our next car purchase or go into |
| trying to get rid of these properties. This is our | | | | business selling repo cars. |