What Are Repo Car Sales?
Repo or repossessed cars are vehicles seized by finance companies, lending institutions, governments, and auction houses from owners who fail to make their payments. Large financial institutions, banks and government agencies are not in the auto sales business, and will attempt to recover some dollars by selling these repo cars at extremely discounted prices. Often, auction houses, both online and onsite, will purchase a lot of repo cars from banks and governments to sell for a profit. Here’s how to get the best deal on a repo cars for sale.
