We offer a wide range of vehicles at competitive prices, often below market value. The “Partner” vehicles come from unpaid financing contracts (loans, leases, or credits) and have been repossessed by our partners from debtors or bankrupt dealers. Our platform gives easy access to both individuals and businesses, allowing them to buy these vehicles at great prices.
The bank-repossessed vehicles available on our platform are offered at attractive prices for several important reasons:
Quick Recovery of Funds
A large portion of the vehicle’s value has already been recovered, allowing our partners to sell them below market prices and quickly recover outstanding debts.
Rapid Asset Liquidation
Banks aim to sell repossessed vehicles quickly to reduce storage and maintenance costs. Quick sales help them minimize losses and avoid high warehouse fees.
Minimizing Long-Term Losses
Delays in selling repossessed vehicles cause additional losses. As time passes, the vehicle’s value drops, while maintenance and storage costs increase, making it harder to sell at a good price.
Compliance with Financial Regulations
Banks must reduce the value of non-performing assets like repossessed vehicles to comply with financial regulations. Fast sales help improve their balance sheets and meet financial goals.
Auction Market Dynamics
Repossessed vehicles are sold at auctions, where supply and demand influence prices. To ensure a fast sale, these vehicles are often priced lower than market value.
Attracting Buyers
Our goal is to offer great deals on affordable vehicles. Competitive pricing makes repossessed vehicles attractive to a broad range of buyers, ensuring fast transactions and great value.
Reduced Administrative Costs
Selling repossessed vehicles quickly reduces administrative costs for banks, such as marketing and logistics. These savings are passed on to buyers in the form of lower prices.
Our priority has always been to provide high-quality vehicles to serve more customers.
All vehicles are inspected by certified mechanics before being listed on our platform. We only select vehicles from our partners that are in excellent condition, accident-free, and have low mileage.
All prices on our platform include 21% VAT.
The quality and pricing of our vehicles have driven a significant increase in sales, improved supply, and rapid expansion of our services across Europe.
Our wide selection of vehicles, lower profit margins, introduction of vouchers, and growing customer base have led to steady revenue growth, allowing us to offer highly competitive prices.
