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Repo Car Auctions Clackamas OR

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
(877) 550-1262
4415 158th
Portland, OR
 
Brasher'S Cascade Auto Auction
(503) 492-9200
23585 NE Sandy Blvd
Troutdale, OR
 
Toyota of Gladstone
(503) 655-7100
19375 McLoughlin Boulevard
Gladstone, OR
Services
Clutch Repair,Emissions Testing,Radiator Repair,Speedometer Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Lithia Pre Owned Outlet
(503) 650-0616
19850 McLoughlin Blvd
Gladstone, OR

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Premier Auto Wholesale
(503) 653-6612
10425 SE 42nd Ave
Milwaukie, OR

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Insurance Auto Auctions
(877) 550-1262
14335 Tualatin Sherwood
Sherwood, OR
 
Portland Auto Auction
(503) 737-3100
3000 N Hayden Island Dr
Portland, OR
 
Tonkin Wilsonville Nissan
(503) 222-2277
26700 SW 95th Avenue
Wilsonville, OR
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Van Dealers,Auto Dealers

Bickmore Auto Sales
(503) 722-1272
19850 Mcloughlin Blvd
Gladstone, OR

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Used Car Warehouse
(503) 653-7771
18396 Se Mcloughlin Blvd
Portland, OR

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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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