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Repo Car Auctions Clearfield UT

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
1100 1800th
Ogden, UT
 
Manheim Utah
(801) 298-7900
1650 W 500
Woods Cross, UT
 
The Pre-Owned Zone
(801) 776-6553
545 S. State St.
Clearfield, UT
 
Midway Auto Plaza
(801) 593-8788
1285 N Main St
Layton, UT

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Glamour Glaze Window Tinting
(801) 776-8468
6022 S. 1900 W.
ROY, UT
 
Direct Auto Auction
(801) 820-6289
730 S State St
Clearfield, UT
 
Copart Salvage Auto Auctions
(801) 294-3000
170 W Center St
North Salt Lake, UT
 
Totally Awesome Cars
(801) 776-0478
447 N Main St
Clearfield, UT

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Fuel It Cheap
(801) 635-0550
1028 W 550 S
Layton, UT
 
U-Save Auto Sales
(801) 525-6500
1832 W 5300 S
Roy, UT

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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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