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Repo Car Auctions Brewton AL

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.

INSURANCE AUTO AUCTIONS INC
(877) 550-1262
1600 Highway 150
Bessemer, AL
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
15994 US Highway 431
Headland, AL
 
Valley Auto Auction
(334) 297-9309
3770 Opelika Rd
Phenix City, AL
 
Shoals Auto Auction Detail
(256) 386-0057
525 W Tuxedo Ave
Muscle Shoals, AL
 
United Auto Auction
(334) 265-2695
2556 Birmingham Hwy
Montgomery, AL
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
16164 Ennis
Athens, AL
 
Birmingham Auto Auction
(205) 744-4030
125 Meadland Cir
Bessemer, AL
 
South Alabama Auto Auction
(251) 964-7012
27472 Wilcox Rd
Robertsdale, AL
 
Ray Dean Farm Const & Public Car Auction
(334) 692-5595
10428 W Us 84
Newton, AL
 
Pinson Valley Auto Auction
(205) 680-5090
5193 Pinson Heights Rd
Birmingham, AL
 

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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