| -Where can you buy Bank and Credit Union repos? | | | | or Car Dealer commission. Consumers can literally |
| The auto industry has no shortage of marketers | | | | contact financial institutions directly to buy vehicles. |
| trying to lead you to the next great deal. Promises | | | | By not charging a commission, Banks act as a |
| of buying exotic cars for $500 and getting exclusive | | | | "Private Party" seller, but they also have the |
| access to repossession auction lists are everywhere. | | | | inventory and financing ability of a Car Dealership. In |
| In truth, almost none of these promises have any | | | | the end you get the best of both worlds. |
| substance whatsoever. If it sounds too good to be | | | | -How do I start looking for a "Bank Owned" car? |
| true, it usually is. What these sites are offering for | | | | In lieu of our current economy, Banks and Credit |
| about $50 is a list of auctions in your area. They | | | | Unions across America have been bombarded with |
| aren't showing you exotic $500 cars, and they | | | | repossessed vehicles. There has never been a better |
| certainly aren't guaranteeing any results. Selling this | | | | time to find a repo car. The only hard part is finding |
| dream may have worked in the past, but this isn't | | | | out what repossessed inventory is on the market. |
| the 1990's anymore, and the repossessed car | | | | Buyers have a useful tool in this search. A website |
| industry has long since evolved. | | | | called offers a 100% free list of Credit Unions and |
| -The deals are all around you if you know where to | | | | Banks Nationwide that sell to the public. RepoFinder |
| look. | | | | does not sell the vehicles, but instead shows you |
| It's now 2010, and buyers have a smarter way to | | | | who does. Car buyers can locate repossessions by |
| shop for repossessed vehicles. By definition, a "Bank | | | | clicking on their State and viewing the list of links to |
| Repo" or "Credit Union Repo", is a vehicle that has | | | | financial institutions who are selling to the public. |
| been repossessed by a financial institution. Banks and | | | | Simply find the car you want, contact the Bank |
| Credit Unions have realized that they can sell these | | | | directly, then see if you can make a deal. There |
| "Bank Owned" vehicles DIRECTLY to the public | | | | simply is no better way to buy a repossession then |
| themselves, avoiding the need to pay an Auctioneer | | | | to buy one from the Bank yourself. |