The term 'CAR LOT BARGAIN' can be summarized as a bargain that is made when purchasing a car from a car lot. The crossword solution for this term is 'REPO', which stands for repossession. Repossession is the legal process of a lender taking back property that was used as collateral for a loan, such as a car. When a car is repossessed, it is often sold at a discounted price, making it a great bargain for the buyer.