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Repo Car Auctions Buckeye AZ

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.

Manheims Greater Phoenix Auto Auction
(623) 907-7000
201 N 83rd Ave
Tolleson, AZ
 
Sands West
(623) 932-2730
1321 N Dysart Rd
Avondale, AZ

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Lawley's Avondale Preown
(623) 932-9329
507 E Van Buren St
Avondale, AZ

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Eveland Sales Avondale Auto
(623) 932-1234
15 W Van Buren St
Avondale, AZ

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INSURANCE AUTO AUCTIONS INC
(877) 550-1262
2299 Broadway
Phoenix, AZ
 
www.AZCarInspector.com
(623) 234-0002
19233 W. Pasadena Ave
Goodyear, AZ
 
Salazar Kia - Subaru - Suzuki
(623) 209-5251
10501 W. Papago Freeway
Avondale, AZ
 
Alta Vista Auto
(623) 882-0800
417 E Main St
Avondale, AZ

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Nissan Of Avondale
(888) 568-6025
10305 W Papago Fwy
Avondale, AZ
Prices and/or Promotions
$250 Discount for purchase of any new vehicle. Or 10% discount service repairs.
Hours
Monday to Friday 7 am to 9 pmSaturday 7;30 am to 9 pmSunday 10:00 am to 7:00 pm

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Insurance Auto Auctions
(877) 550-1262
4650 Irvington
Tucson, AZ
 
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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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