Top 5 Benefits of Buying a Repossessed Car
Updated on June 02 2023
Have you ever thought of buying a repossessed car for your next vehicle purchase? Car prices have risen steadily over the years, and consumers are consistently searching high and low for the best deals. Unbeknownst to many, used or repossessed vehicles offer many benefits to consumers, particularly first-time car buyers.
Here are the top 5 benefits on why you should consider buying a used or repossessed car.
5 Benefits of Buying a Repossessed Vehicle
Benefit 1: It’s easy to find newer models in excellent running condition.
Sure, you can buy used cars from online marketplaces at lower prices, but why take your chances on an older car? On average, a repossessed car is from one to three years old, and most have low mileages. The point is, you can have a newer and better car without paying brand new prices, and that’s a win-win for any consumer.
Benefit 2: Pay lower prices, save money.
Perhaps one of the main benefits of buying a repossessed vehicle is the money you can save, and we’re talking about a lot. Typically, brand new cars lose up to 30-percent of their value after one or two years, and it happens the very moment the car leaves the dealership garage.
For example, a 2021 Toyota Innova 2.8 E Diesel A/T starts at ₱1,355,000. But if you shop from Automart’s lineup of high-quality repossessed cars, you can get the same Toyota Innova 2.8 E Diesel A/T at less than ₱1-million with only 21,000 kilometers on the odometer. Oh, and the vehicle comes with a factory warranty like a brand new unit.
Benefit 3: Legit papers and clean titles.
Automart’s lineup of repossessed vehicles all came from banks and legit sources. Meaning, the vehicle title is intact, and all the papers are legally approved.
Repossessed vehicles came from new car buyers who cannot keep up with their monthly vehicle payments. Remember, if you finance a new car through a bank, the bank is technically the vehicle's legal owner until the buyer ultimately pays off the car.
And since Automart works with these banks to dispose of their repossessed cars, all the vehicles have legit titles and clean papers. Oh, and did we forget to mention the variety? Automart has repossessed vehicles, pickup trucks, sedans, hatchbacks, MPVs, and SUVs from all your favorite carmakers and brands.
Benefit 4: Easier buying or financing options.
The usual way of buying a repossessed vehicle is to place your bid. However, Automart has a lineup of repossessed cars you can buy now without going through the entire bidding process. And if you find the vehicle you want, you can finance it through our many bank partners, all while paying 30 to 50-percent off the MSRP.
Benefit 5: Drive a better car for less, no matter where you are in the Philippines.
Repossessed vehicles are a more affordable way to achieve your dream car. Automart has warehouses all over the Philippines, including Quezon City, Bulacan, Makati, Cavite, Batangas, Laguna, Paranaque, Cebu, Davao, Bacolod, Cagayan de Oro, and Palawan.
When it comes to high-quality, low mileage, and affordable repossessed cars, Automart is the place to find your dream car.