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Repo Car Auctions Alexandria LA

Repo car auctions are a great source of used vehicles at bargain prices, if you know what you're doing. Repossessed vehicles of all types are available at auction sites all over the country. Learn how it works.

Hwy 28 Auto Auction
(318) 484-9672
515 N 3rd St
Alexandria, LA
 
Walker Automotive
(318) 445-6421
1616 Macarthur Drive
Alexandria, LA
Services
Clutch Repair,Radiator Repair,SUV Repair,Truck Auto Body,Tune up Repair,Used Car Dealers,Auto Dealers

All Star Toyota Inc
(318) 445-5918
5757 Coliseum Blvd
Alexandria, LA

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Insurance Auto Auctions
(877) 550-1262
301 Malapart
Lafayette, LA
 
Copart Of Louisiana
(225) 261-0102
21595 Greenwell Springs Rd
Greenwell Springs, LA
 
All Star Automotive Group
(318) 445-1486
5757 Coliseum Boulevard
Alexandria, LA
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Hixson Auto Plex
(318) 448-0871
2506 S Macarthur Drive
Alexandria, LA
Services
Clutch Repair,Radiator Repair,SUV Repair,Truck Auto Body,Tune up Repair,Auto Dealers

Insurance Auto Auctions
(877) 550-1262
29000 Frost
Livingston, LA
 
Insurance Auto Auctions
(877) 550-1262
15315 Ronald Reagan
Covington, LA
 
Bayou State Dealers Auto Auction
(337) 289-9191
134 Galbert Rd
Lafayette, LA
 
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Repo Car Auctions

What is a repossessed (repo) car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back. Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

Some smaller banks or credit unions may display repo cars in their own parking lots, with "for sale" signs in the window. These cars can be easily spotted when driving by the bank.

Most banks and finance companies hand over repo cars to a professional auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called "car forcloseure auctions."

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle.

In tough economic times, repossessions become mo...

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