Tag Archives: pickup trucks

red repo truck

What are the Cheapest Cars to Insure?

When buying a new car, it’s a good idea to consider how much your insurance rates will be. To help you out, there are several studies that provide this research so that consumers know which cars will be most affordable. Fortunately, knowing this information can help you save hundreds of dollars a year on car insurance! 

What Determines the Price of an Auto Insurance Policy? 

First, it’s helpful to know how car insurance is calculated, as it’s not all about the car you drive. Each company has their own formula, which is why rates vary among car insurance companies. However, most companies use the following factors to determine the price of their auto policies: 

  • Your driving record
  • Your credit history  
  • How often you use your car 
  • Where you park your car 
  • Your age and gender
  • The type of car you drive

What Cars Have the Cheapest Insurance Rates? 

Even though there are many factors that influence what you pay for insurance, the type of car you buy can make a big difference on your rates. If you’re trying to keep your monthly expenses down, you’ll want to be aware of the most and least expensive cars to insure. And as always, compare rates with multiple carriers. 

Generally speaking, minivans and small trucks are the cheapest to insure compared to other vehicles. On the other hand, large sedans, sports vehicles and luxury cars have some of the most expensive insurance rates. New cars are also more expensive to insure because they’re worth more. 

Specifically, here is a breakdown of the ten least expensive vehicles to insure: 

  1. Honda CR-V – Small SUV
  2. Chrysler Pacifica – Minivan
  3. Honda Odyssey – Minivan
  4. Ford F-Series – Standard pickup truck
  5. Toyota RAV4 – Small SUV
  6. Chevrolet Equinox – Small SUV
  7. Chevrolet Colorado – Small pickup truck
  8. Toyota Tundra – Standard pickup truck
  9. Honda Ridgeline – Small pickup truck 
  10. Ford Fiesta – Subcompact car

Other Ways to Save on Your Auto Insurance 

Aside from the type of car you buy, there are some other ways to save on car insurance. Bundling your auto insurance with a life or home policy is one of the best ways to get a discount. Also ask the insurance carrier about discounts they offer for safe driving, having no claims, being a good student and having safety features in the vehicle. 

For a great price on vehicles, shop with RepoFinder.com. We have a huge database of cars, small and standard pickup trucks, SUVs and more that are owned by banks or lenders. They don’t want these cars and are motivated to sell them to a new owner! You can get a great deal this way, and if you shop smart, you can save on car insurance, too! 

black pickup truck

Questions to Ask When Buying a Used Pickup Truck

Are you in the market for a new pickup truck but don’t want to go through a dealership? Your other options are to go through a private seller or an online auction. Both options are fine if you’re looking for a decent truck at a reasonable price.

Be prepared to do your homework because most of these purchases are as-is, meaning that you can’t return the vehicle if you don’t like it. Plus, you’ll be responsible for whatever problems it comes with. In exchange for this, you can save significant money, allowing you to finally get that pickup truck you’ve always wanted. 

To ensure you’re making a smart purchase, here are the top questions to ask when buying a used pickup truck. 

Are service and maintenance records available? 

People aren’t exactly receptive to having their car repossessed, so many of these vehicles don’t have a lot of information on them. Nevertheless, it doesn’t hurt to ask for any records that may have been tucked away in a glove compartment. This way, you can see what work and maintenance has been done on the truck.

Keep in mind that repos are cars that have been taken away because the owner defaulted on their loan. If they weren’t paying their loan, chances are, they weren’t taking their car in for maintenance either. But repossessions move fast in some states, and it’s possible that the car was last serviced within the year. 

Has the pickup truck been involved in any accidents? 

Reported accidents show up on the vehicle’s history report. Smaller accidents, like a driver backing into a light pole on a cloudy day, generally do not. To find out if the truck has been in any serious accidents, you’ll have to rely on the vehicle history report. This report lists brief details from the accident so that you know what occurred. 

What features don’t work? 

Most repo listings include the known problems about the vehicle such as interior stains, ripped seats and broken radios. Some of these problems may not be a big deal. For example, if the CD player doesn’t work, you’ll just listen to the radio instead. However, having a broken air conditioner can make your car uncomfortable in the summer, forcing you to make this expensive repair on your own. 

Can I have an inspection done? 

Most repo sellers encourage buyers to do their research and perform inspections. Before signing anything, bring along someone who knows cars and have them look at your vehicle. They can look for red flags that may indicate that it’s not the best pickup truck for you. There are plenty of trucks on the market, so you should never have to settle. 

Is this the best price? 

When shopping for used pickup trucks on RepoFinder, you’ll find that some trucks have a price and others are accepting bids. If you haven’t shopped for repossessions before, we recommend brushing up on how to place effective bids. This will prevent you from overpaying but also ensure your bids are strong enough to win.

Also pay attention to where the pickup truck is from, as you’ll have to make arrangements to have it shipped to you if it’s out of state. For many people, it makes sense to stick to used trucks in their local area so they can inspect the vehicle and drive it home. 

Find a Used Pickup Truck Today 

RepoFinder has an extensive database of used pickup trucks. Our inventory is always changing, so check back often! By signing up for a RepoFinder Pro account (less than $5 a month), you can view more information about the vehicles and place a bid. 

repo pickup trucks

How Do I Find Repossessed Pickup Trucks for Sale?

Repossession is a process where an auto lender takes back possession of a vehicle after the owner falls behind on their payments. Lenders can do this without warning and without permission from the courts. Though it usually takes a few months for this to happen, a lender can technically take a vehicle away once one payment is missed. 

Repossessions are Sold to the Public

Once the repo is in the lender’s hands, they’ll typically try to get the owner to catch up on their payments. If they can’t, they’ll resell the vehicle to a new owner. However, because the lenders are trying to recoup their losses, they don’t put money into the car. It’s up to the buyer to do their research and inspect the vehicle before signing anything. 

It’s not just cars that are repossessed from their owners but also trucks, ATVs, RVs, boats, small aircraft, motorcycles and more. Many people turn to auction sites when they’re looking for trucks because they can get a great deal. Average truck prices range between $28,000 and $40,000, so they’re not as flexibly priced as small cars. 

Where to Find Repo Pickup Trucks 

Wondering where to find repossessed pickup trucks for sale? Here are the best places to look.

  • Banks, lenders and credit unions. These financial institutions borrow people money to pay for their vehicles. If the borrower stops making payments, the lender can take away the vehicle. As a result, you can find a great selection of repossessed trucks through these institutions. 
  • Online auctions. You can also shop online through an online auction. Because many people use these sites, you’ll have to watch your lists carefully and pay attention to bid times, new inventory and more. 
  • Dealerships. Some dealerships sell repossessed trucks. The benefit to shopping here is that the vehicles are inspected by a mechanic. Probably even some light maintenance was done to make the truck show-ready. But, be aware that you’ll pay extra for this. 

Find Your Repo Pickup Truck Today 

Repossessed trucks are not hard to find, but getting one that is fairly priced and in good condition is another thing. RepoFinder.com is a repo listing site that offers a complete list of repos for sale in all 50 states. You can browse these listings for free, read the descriptions, inspect the pictures and place a bid. We always recommend looking at the vehicle before signing anything. To shop for a repossessed truck, visit RepoFinder.com today.