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Repo Car Auctions Conway AR

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.

Copart Auto Auctions
(501) 796-2812
703 Highway 64
Conway, AR
 
Steve's Auto Ctr Of Conway
(501) 505-8889
1335 E Oak St
Conway, AR

Data Provided by:
INSURANCE AUTO AUCTION INC
(877) 550-1262
4900 Kerr
Scott, AR
 
Copart Auto Auctions
(501) 796-2812
703 Highway 64
Conway, AR
 
Batesville Auto Auction
(870) 793-5777
115 Cave Creek Rd
Batesville, AR
 
Greenbrier Auto Auction
(501) 679-6895
281 S Broadview St
Greenbrier, AR
 
Countryside Motors Inc
(501) 796-3344
818 Hwy 64 E
Vilonia, AR

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166 Auto Auction
(479) 631-1669
2414 S 8th St
Rogers, AR
 
Greenbrier Auto Auction
(501) 679-6895
281 S Broadview St
Greenbrier, AR
 
Adesa
(479) 725-1330
5725 N Thompson St
Bethel Heights, AR
 
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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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