If you are a car wholesaler, then you know the benefits of buying repo cars. The idea of turning a profit off of someones else’s misfortune is not an appealing thought, but the reality is that in these situations, something has to be done. The lender has to get some value for the car, and if you as a wholesaler can turn a profit then why not. The best reason for buying a repossessed car is that the bank will typically sell the car at a deep discount. Any remaining money that the sale of the car did not cover from the existing loan will be the responsibility of the person from whom the car was repossessed from.