There are a lot of options for those that are looking to purchase a car.
Sometimes people are looking for their first car, and perhaps they only have a small amount of money saved up, others are looking for cars because they want to find a great deal and resell the car on their car lot or through private sale.
But it really doesn't matter why you are looking for a car, if you want to get a great deal on a nice used car you can't do much better than you would at a repossessed car auction.
The repossessed car auction is basically a bank trying to get rid of the cars that it has had to take back because people have defaulted on their loans.
Banks are in the business to make money, not to sell automobiles, so that is why you can find a great deal at the repossessed car auction, usually better than you can through a car lot or through a private sale.
This is because what the bank is really interested in is getting their money back, the money that they spent to loan someone money to get the car in the first place.
If the person has been paying on the car for some time, the loan payoff may be below book price.
Now, this isn't to say that you are going to get a new car for a dollar, but if you shop around a bit and then haggle with the salesman you can usually walk away satisfied with a good deal.
That is what makes the repossessed car auction so great, being happy with what you have, and that is what any car purchase should be.