Making Offers

Making an Offer!

Each vehicle listed for sale will have a minimum price that is set by the legal owner/lender. Only offers over the set minimum will be considered.

If you are not a dealer and wish to have the lender who owns the vehicle provide the financing you will be asked to have a credit application done on the phone or by secure Email. This must be completed within 24 hours.

To make an offer on a vehicle simply fill out the offer form found on this page. If the offer is accepted the legal owner/lender will notify the customer within 24 hours.

Beginning June 15 several lenders will be offering licensed dealer a thirty (30) day float on accepted offers. The buyers will have thirty days after the delivery date to pay for the vehicle. Not all vehicles will qualify for this delayed payment plan. Vehicles that do qualify will have this option listed on the vehicle description just below the location.

We cannot advise buyers as to what a lender will accept for a vehicle listed on the web site. Just as a general guideline most vehicles are selling for somewhere near the average trade in value on the NADA web site. This average trade in value is close to the wholesale value. Going to www.nada.com and researching the value of a vehicle can be helpful. The stories about repossessions selling for ten cents on the dollar have been around forever!

An offer is either accepted or not accepted. The legal owner/lender will not make a counter offer. This business is set up to deal auto professionals and private buyers who know what they want and can make a decision. If a buyer is not contacted within 24 hours the offer has not been accepted. Buyers can make as many offers as they like. Most of the vehicles sold from this web site are selling for near or at the low book NADA value. Remember! These vehicles are guaranteed to be front line ready. All vehicles come with a car fax, mechanical 89 point inspection and a complete detail. Our guide lines require brakes to be at least 80% and tires must have 80% tred or be replaced.

For private buyers only! Private buyers who make an offer that is accepted by a lender or legal owner will be required to either make a deposit of $250.00 or complete a credit application before the lender or legal owner will proceed with the transaction. Even if the buyer is paying cash the deposit or credit application will be required. We have had too many people make offers and then back out of the deal without even seeing the vehicle. All deposits or credit applications are between the lender and the buyer. Auto Repos Bank Owned is only a third party advertiser.

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*If you are interested in the E-Book “How to buy and sell vehicle repossessions” please click on the E-Book link on the top left corner of this page.

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