| Buying a repossessed car can save you upwards of | | | | slick salesmen. God bless them for trying to move |
| 40% in this current market. With the auto industry in | | | | inventory but they are looking out for the commission |
| ruins and with repossessions at an all time high, this is | | | | and you need to look out for yourself. You can cold |
| the time to buy your car repo. However, getting a | | | | call your local dealerships or use directory sites to find |
| good deal is still going to take research and time. You | | | | repossessed cars for sale. Another more old school |
| have to make sure you do your homework or else | | | | way is to just open up your local paper and phone |
| you're going to be taken for a ride. | | | | book. The internet doesn't have everything yet. |
| There are three places where you can go to find | | | | The final place to find repossessed cars is banks, |
| repossessions. The first is your local government | | | | credit unions and auction houses. These places go |
| auction. The government or rather law enforcement in | | | | hand in hand as a bank and credit union will generally |
| particular seizes thousands of cars all over the United | | | | outsource the repos to a local auction house. Some |
| States annually. A lot of the cars were well maintained | | | | banks are known to keep their own lots though, |
| until the owners were swept up in a sting so it's not a | | | | particularly in the commercial vehicle business. Again, |
| bad idea to start here. You can call your local county | | | | these banks will have cars priced to sell but be careful |
| for listings and times of these auctions. Your local | | | | as these cars may have problems. If you can, have a |
| police department can also point you in the right | | | | friend who is car savvy go with you and buy him lunch |
| direction. | | | | after. It may be one of the best returns on investment |
| The next place to look for repossessed equipment is | | | | you ever get in life. If you are in a bidding war and you |
| your local dealerships. With 2009 foreclosures and | | | | see too much competition, let the car go. There will be |
| repossessions already posed to break the record of | | | | another one come along so remember try to keep |
| 2008, dealerships are strained with a flood of inventory. | | | | that in mind when bidding. There's no point overpaying |
| A lot of these places will be "buy here pay here" so | | | | and losing the whole reason why we are buying repos |
| make sure you don't make any commitments to some | | | | which is to save money! |