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Sometimes your bank or credit union will allow you to look at their repo file, which lists all the cars and trucks they have repossessed and would like to sell. Often the lender just wants to recoup their losses, so you can get very good deals this way. Sometimes you can even get financing for the car directly from the lender that owns it.

 Step 1: Keep an eye on listings in local papers Often police auctions will advertise upcoming dates along with a listing of items and vehicles for sale. Step 2: Look online. Step 3: Discover the terms of the sale. Step 4: Examine auction listings.

Many people think that obtaining a car loan after repossession is impossible. While it is undoubtedly difficult, if you take the time to improve your credit score and develop excellent credit habits, it is possible to obtain a reasonable deal on a car loan after a six month to one year period has elapsed.

As a rule of thumb, the average car will rack up 20,000 km per year ﾗ the distance manufacturers use to determine standard warranty coverage. A seven-year-old model should have 140,000 to 150,000 km on the odo. If it has traveled considerably more, deduct cash for high mileage. The ideal answer is yes.

1) When buying a new car, the value of the car falls as soon as you drive it off the showroom floor. With repossessed cars, that value has already taken the plunge and it loses value more slowly.2) Depending on the brand, you save a lot of money on a repossessed car. Some brands lose value faster than other brands.3) When buying a relatively new re