Dealers often have established relationships with lenders, making it easier to secure a loan on a vehicle that a traditional bank might be wary of financing. The Risks: What to Watch For
The Insider’s Guide to Buying a Repossessed Car from a Dealer buying a repossessed car from a dealer
While most repo sales are strictly "as-is," some dealers offer short 30-day warranties or "certified" programs that you won't find at a public auction. Since you know the dealer likely bought it
Knowing the car is a repo is a powerful bargaining chip. Since you know the dealer likely bought it at a deep discount, you should aim for a price below the standard market value for that model. Is it Worth it? You likely won't get the rock-bottom prices found
Buying a repossessed car from a dealer is a middle-ground choice. You likely won't get the rock-bottom prices found at a government auction, but you gain the convenience of financing, a cleaner vehicle, and potentially a small safety net of a warranty.