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Repo Car Auctions Beaumont TX

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.

Gulf Coast Auto Auction
(409) 840-6000
450 S 11th St
Beaumont, TX
 
Beaumont Dealers Auto Auction Inc
(409) 866-5677
12151 Highway 90
Beaumont, TX
 
CNA Autoplex LLC
350 S Martin L King Jr Pkwy
Beaumont, TX

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Fairway Auto Co
(409) 727-1800
1210 N Highway 69
Nederland, TX

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Astro Autos
(409) 751-0460
3049 Hwy 69 S
Lumberton, TX

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Eagle Auction Pool
(409) 866-0700
10575 Highway 90
Beaumont, TX
 
Cash Auto
(409) 813-1244
1006 N M L King Jr Pkwy
Beaumont, TX

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Corvette Specialties
(409) 866-7506
12359 Highway 90
Beaumont, TX

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Morris Moore Autos
(409) 755-2130
Fm 421 Rd
Lumberton, TX

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Triple C Automotive Group
555 N 5th St
Silsbee, 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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