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Repo Car Auctions Cedartown 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.

Navigator Dealer Group
(706) 295-4400
2207 Shorter Ave SW
Rome, GA

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Comfort Car Co
(770) 537-9107
788 Alabama Ave S
Bremen, GA

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PIONEER FORD-MERCURY
(770) 537-2373
150 US HWY 27 N BYPASS I-20 @ exit 11
BREMEN, GA
 
Insurance Auto Auctions
(877) 550-1262
2200 Trade
MacOn, GA
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
125 Old Highway 138
Loganville, GA
 
Sherold Salmon Auto Super Str
(706) 291-0601
506 Turner McCall Blvd SW
Rome, GA

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1oilmaster.com
(678) 551-0466
117 Whitton Rd.
Bremen, GA
 
Insurance Auto Auctions
(877) 550-1262
1930 Rex
Morrow, GA
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
368 Oakridge Church
Tifton, GA
 
Days Auto Auction
(770) 974-3838
3611 Cobb Pkwy
Acworth, 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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