Frequently Asked Questions
Common questions about bank repossessions, our process, deposits, and delivery. Can't find what you need? Contact us.
General & Process
What exactly is a "Bank Repossession"?
A bank-seized or repossessed vehicle is an asset reclaimed by a financial institution (banks or credit unions) due to a loan default. At National Repo Motors, we act as the direct liquidation partner, offering these vehicles to the public at wholesale prices to clear the bank's books quickly.
Is this an auction? Do I have to bid?
No. We specialize in Fixed-Price Liquidations. Unlike traditional auctions where prices can skyrocket due to bidding wars, our vehicles have a set "Buy It Now" price. This allows for a transparent, stress-free buying experience.
How do I buy a vehicle from National Repo Motors?
Our process is designed for speed and security:
Browse: Select your vehicle from our live inventory.
Reserve: Contact us via WhatsApp or Email to place your Reservation Deposit.
Finalize: Once reserved, our team processes the paperwork, you pay the balance, and we coordinate pickup or delivery.
Deposits & Payments
Why do I need to pay a Reservation Deposit?
Because our inventory is priced significantly below market value, vehicles sell very quickly. The deposit serves three critical purposes:
Exclusivity: It immediately removes the vehicle from the market so no one else can buy it.
Legal Start: It triggers our title department to begin the reassignment paperwork in your name.
Security: It demonstrates serious intent, allowing us to hold the asset for you while final logistics are settled.
Is the deposit an extra fee?
Absolutely not. 100% of your Reservation Deposit is applied toward the final purchase price. For example:
If a vehicle is priced at $15,000 and your deposit is $500, your remaining balance at pickup will be exactly $14,500.
What payment methods do you accept?
We accept secure bank wire transfers, certified checks, and major credit/debit cards for reservation deposits.
Condition & Inspections
What is the condition of these vehicles?
Most of our inventory consists of "Fairly Used" vehicles. Each car undergoes a 50-point intake inspection upon seizure. We provide detailed photos and condition reports for every listing to ensure full transparency regarding the interior, exterior, and mechanical state.
Can I inspect the vehicle before the final payment?
Yes. Once a vehicle is reserved, we can coordinate a viewing or a third-party inspection at our holding facility. We want you to be 100% confident in your purchase.
Titles & Delivery
How long does the title transfer take?
We pride ourselves on having the fastest turnaround in the industry. Because we work directly with the seizing banks, we typically guarantee a Clear Title transfer within 3–5 business days of the final sale.
Do you offer shipping or delivery?
Yes. While many customers prefer to pick up their vehicles in person, we can coordinate professional transport to any location nationwide. Shipping costs are calculated based on mileage from our nearest liquidation hub.
Still have questions?
Reach out via WhatsApp or our contact form. We're here to help.