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Repo Car Auctions Billings MT

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.

Auto Auction Of Billings
(406) 252-6332
4432 S Frontage Rd
Billings, MT
 
Insurance Auto Auction
(406) 259-2377
1611 Alderson Ave
Billings, MT
 
Rimrock Subaru Kia
(406) 651-5200
324 South 24th Street West
billings, MT
 
Eubank Family Auto Sales
(406) 651-4877
2010 Henesta Dr
Billings, MT

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Insurance Auto Auctions
(877) 550-1262
10131 Garrymore
Missoula, MT
 
Insurance Auto Auction
(406) 259-2377
75 Cerise Rd
Billings, MT
 
Lube Dude
(406) 208-7979
Mobile service we come to you!!!
Billings, MT
Car Makes
all makes and models
Hours
8 a.m. - 6 p.m.

Billings Nissan
(866) 981-9102
2100 King Ave W
Billings, MT
 
Shiny Ride Car Wash
(406) 321-2090
1610 Gleneagles Blvd
Billings, MT
 
Auto Auction Of Billings
(406) 252-6332
4432 S Frontage Rd
Billings, MT
 
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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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