Bank Owned Used Vehicle Repossession Sales
RVFS offers bank-owned new and used vehicle repossessions to auto dealerships, auto wholesalers and savvy re-sellers or buyers. We list real bank owned repo used vehicles for sale directly from lenders that are fully inspected and ready to go for wholesale used car prices. Buyers can submit wholesale offers through RVFS and your offer(s) get sent directly to the bank to be accepted or declined. Lenders will respond within 24 hrs IF your offer(s) is accepted. They will NOT counter offer; buyers can submit as many offers until an offer is accepted by the owning bank.
We only deal with banks and brokers who represent lenders that are willing to sell their repossession inventory for close to wholesale prices and move on. With over seven years in vehicle Internet sales, we offer both lenders and auto buyers a win-win. Auto Dealerships, vehicle wholesalers and re-sellers, even the general can make offers
Creative financing is a large portion of any successful sedan, truck, SUV, RV, and boat sales business. We have access to over one hundred lenders made up of banks, credit unions and finance companies. Low or wholesale priced vehicles are east to finance in the eyes of most lenders
Most of the vehicles found on RVFS have already been offered for sale at dealer auto auctions. Banks have many reasons why they may pull a unit from these auctions. At an an auction, the vehicle is out of the control of the lender. Because of this, can get damaged or vandalized or they just don't attract the attention of wholesalers while being run through the auction. Our sales platform allows banks to market their vehicles to a wider audience of dealers, wholesalers, re-sellers and savvy consumers.
There is an increasing trend of small dealers who have started buying directly from the lender or bank via wholesale platforms like RepoVehiclesForSale.com. Our platform gives buyers more time to test drive and inspect the vehicle after their offer have been accepted by the lender. Before closing of the sale with the legal owner or lender, buyers can elect to have the used car mechanically inspected.
Since so many lenders, banks, credit unions, and private financiers use RVFS to sell their vehicle repossessions, we get a lot visitors every month. If you need assistance selling your vehicle, we can help. Regardless of weather your a bank, broker, credit union, commercial loan group, or private seller, contact us today to see what we can do for you.