Are you a "Repo Car Finder"? Search RepoFinder's website for FREE and Find Out

Have you heard of people getting great deals on repossessed cars but don't know where to start?  Hopefully I can give you some tips and turn you into a bona fide "Repo Car Finder".  Banks and Credit Unions across America on occasion have no choice but to repossess vehicles they have a lien against.

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Every financial institution handles these orphaned vehicles differently.  Some of them get turned over to local car dealers, some of them get trucked off to "Dealer Only" auctions, and many also are sold directly by Banks and Credit Unions to people like you and me.

Knowing that there are thousands of Credit Union repos out there looking for "Repo Finders" to buy them, the question is where can you find them.  Several companies have popped up to sell consumers a list of public auctions for about $50.  These lists may be useful to some; but you have to pay $50 for the list, generally a fee to enter the auction, and anything you buy has a commission built in to the price for the auctioneer.  Aside from this, you still have to arrange your own financing and be ready to buy onsite.  Failure to have a loan in place may cost you additionally.

Contrast that option with RepoFinder.com.  RepoFinder.com is a new concept in shopping for a Credit Union Repossession.  It is a very simple to use directory that lists links to Credit Union repo postings in your area.  When you visit www.RepoFinder.com you will see a map of the United States.  Simply click on your State and scroll down to a list of Credit Unions in your area.  As you click on these Credit Unions your web browser will be directed to the Credit Union's website that shows you exactly what they are selling.  Don't see something you like?  You can click on the other Credit Unions until you find something that suits your needs.  Once you find something you like you can visit the Credit Union and see the vehicle in person.  If everything looks good make an offer.

Credit Unions are not Car Dealers.  They don't want to keep these cars on their books.  This is why they can offer them so much lower than a Dealer can.  They don't charge additional fees, and there is no commission built into the price either.  Credit Unions pride themselves in gaining your trust.  They will make sure you get a good deal.  Couple that with in-house financing and you can get a good deal on both a car and a loan.Buying from a Credit Union has other fringe benefits.  If they don't want to budge on price, ask for special financing terms.  Many of the Credit Unions already offer interest rates as low as 0% (O.A.C.).  Typically repossessed cars don't come with any warranty above and beyond what the manufacturer offers.  These vehicles are sold as-is.  If you do your homework, you can make sure you're buying a quality vehicle.

Do you think you're ready yet?  Feel free to search www.RepoFinder.com often.  Inventory can change at any time.  Before long you'll be a bona fide "Repo Car Finder"!

$600,000 Lamborghini expected to be one of most hotly contested items - http://www.heraldsun.com.au/news/national/lamborghini-expected-to-be-one-of-most-hotly-contested-items/story-fndo317g-1226599604442

Pickles Luxury Auctions to auction this Lamborghini Gallardo V10. Sunny Tanung inspects the $600,000.00 Italian car. Picture: Simon Bullard Source: The Daily Telegraph

 

IT LOOKS like the bat mobile and has a price tag that would make even Bruce Wayne wince, but this Lamborghini is expected to be one of most hotly contested items at a luxury car auction tonight.

The brand new Lamborghini Gallardo, with only 100km on the clock, is expected to fetch $400,000 a comparative bargain compared to its recommended retail price of nearly $600,000.

The Italian supercar, which is being sold by a financial organisation after it repossessed the vehicle when Sydney Lamborghini dealership went into receivership late last year, is just one of almost 90 cars set to go under the hammer at the Pickles Auction at Moore Park tonight.

Auctioneer Steve Allen said the collection of cars, which also included an Audi R8, Porsche GT2 and a limited edition Mustang, was the strongest since the GFC tore through the top end of town.

"During the GFC we saw more vehicles, but in terms of the quality of the cars this is the equivalent,'' Mr Allen said.

"There must a bit of a clean out at the top end of the market because its more than just a coincidence to see so many high-end luxury cars.''Most of the cars up for grabs had been repossessed from business and individuals who had fallen on hard times or were being sold after their lease had expired, he said.While the European supercars will attract the most attention, there's also good news for people whose wallets aren't lined with gold.Mr Allen said some cars, such as an Audi A1 and several Golf GTIs, would sell for not much more than $20,000.Up to a 1000 prospective buyers are expected to pack into the Royal Hall of Industries in the Entertainment Quarter at Moore Park on Monday night to try and snap up some cut-price metal, with more bidding online from home.
"A lot of people will just come down to the action to try and get something they might not usually be able to afford,'' he said.