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Repo Car Auctions Anthony NM

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.

(877) 550-1262
14651 Gateway
El Paso, TX
El Paso Auto Auction
(915) 587-5088
485 Coates Dr
El Paso, TX
Bet-El Motors
(915) 845-2855
6208 Doniphan Dr Ste 12
El Paso, TX
9 AM-5:30 PM Monday thru Saturday

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Auto Credit
(915) 778-1415
5420 Alameda Ave
El Paso, TX

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Bestway Autos
(915) 845-2378
1115 Airway Blvd
El Paso, TX

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Manheims El Paso Auto Auction
(915) 581-0700
486 Coates Dr
El Paso, TX
Cox Communication
(915) 833-9333
485 Coates Dr
El Paso, TX
Advanced Auto World
(915) 562-3380
3610 Dyer St
El Paso, TX

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915-3567702 915-2352413
s&s motors
(915) 778-4734
7699 alameda
el paso, TX
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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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