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Repo Car Auctions Clarksville TN

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.

Clarksville Auto Auction
(931) 647-5700
247 Needmore Rd
Clarksville, TN
 
Autoplex
(931) 503-2020
955 N Riverside Dr
Clarksville, TN

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action towing roadside service
(931) 378-3890
102 susan st
clarksville, TN
Hours
24-7
Prices and/or Promotions
40 and up 4 towing&lockouts&tire&jump service

self
(931) 249-3663
754 B Bancroft Circle
Clarksville, TN
Car Makes
pontiac
Prices and/or Promotions
4000.00

Insurance Auto Auctions
(877) 550-1262
3634 Governor John Sevier
Knoxville, TN
 
Wyatt-Johnson Buick Pontiac
(931) 647-5651
2600 WILMA Rudolph Blvd
Clarksville, TN

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Asac Auto Sales
(931) 431-5261
2845 Fort Campbell Blvd
Clarksville, TN

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Best Motors Inc
(931) 905-2277
1343 Fort Campbell Blvd
Clarksville, TN

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Affordable Auto Sales
(931) 905-2380
209 Providence Blvd
Clarksville, TN

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Insurance Auto Auctions
(877) 550-1262
2801 Asbury Park
Chattanooga, TN
 
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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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