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Repo Car Auctions Bethlehem PA

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.

Allentown Auto Auction
(610) 435-5554
3880 Lehigh St
Whitehall, PA
 
Nazareth Car and Van Rental
(800) 803-9433
4067 Jandy Blvd
Nazareth, PA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Van Dealers,Auto Dealers

A.B.E. Auto Salvage, Inc.
(610) 807-9700
4418 William Penn Highway
Bethlehem, PA

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Kresge Foreign Cars
(610) 866-7925
539 Second Avenue
Bethlehem, PA

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Straub Auto Group
(610) 867-3793
1130 West Broad Street
Bethlehem, PA

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Faulkner Oldsmobile Inc
(610) 867-4177
298 Stoke Park Road
Bethlehem, PA
Services
Fuel Injection Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Van Dealers,Auto Dealers

Vicari Motors Inc
(908) 996-4161
1117 State Route 12
Frenchtown, NJ
Services
Truck Auto Body,Auto Dealers

Dick Milham Route 191 Auto
(610) 419-1000
416 W Union Blvd
Bethlehem, PA

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Lehigh Valley Foreign Car Parts
(610) 866-8065
533 Fifth Avenue
Bethlehem, PA

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Klassic Kids Inc Auto Sales
(610) 691-3225
1214 Pembroke Rd
Bethlehem, PA

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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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