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Repo Car Auctions Cartersville GA

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.

Red Top Auto Auction
(770) 382-1010
444 Joe Frank Harris Pkwy
Cartersville, GA
 
Days Auto Auction
(770) 974-3838
3611 Cobb Pkwy
Acworth, GA
 
Prestige Auto Exchange - Premium Quality Used Cars
(770) 334-3051
10 Euharlee Rd
Cartersville, GA
 
Highway 92 Auto Sales
(770) 926-4377
6597 Hwy 92
Acworth, GA

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Patriot Auto Sales
(770) 591-7959
5733 Bells Ferry Rd
Acworth, GA

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Rome Auto Auction
(770) 336-5581
3824 Highway 411
Kingston, GA
 
Cartersville Tractor & Supply Company
(770) 607-5053
1575 Joe Frank Harris Pkwy SE
Cartersville, GA

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Prestige Auto Exchange
(770) 334-3051
20 Euharlee Road
Cartersville, GA
Car Makes
Domestic and Imports
Hours
9-6

Town Lake Auto Sales
(770) 924-3129
6471 Highway 92
Acworth, GA

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Hardy Auto Resales
(770) 445-8513
2948 Atlanta Hwy
Dallas, GA

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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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