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Repo Car Auctions Conyers 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.

INSURANCE AUTO AUCTIONS INC
(877) 550-1262
125 Old Highway 138
Loganville, GA
 
Peach State Auto Auction Inc
(770) 466-9000
2970 Highway 78
Loganville, GA
 
Stone Mountain Auto
(770) 972-7767
5054 Stone Mountain Hwy
Stone Mountain, GA
Services
Auto Parts,Van Dealers,Used Car Dealers,Auto Dealers

Lou Sobh Ford Inc
(404) 633-4005
1665 Scott Blvd.
Decatur, GA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Van Dealers,Auto Dealers

Stonecrest Toyota
(678) 708-4800
7969 Mall Pkwy
Lithonia, GA

Data Provided by:
Insurance Auto Auctions
(877) 550-1262
1930 Rex
Morrow, GA
 
Insurance Auto Auctions Inc
(404) 366-2298
1930 Rex Rd
Morrow, GA
 
Nissan South Morrow
(770) 968-1360
6889 Jonesboro Road
Morrow, GA
Services
SUV Repair,Van Dealers,Auto Dealers

Phipps Auto Sales
(770) 987-7209
2301 Panola Rd
Lithonia, GA

Data Provided by:
ATLANTA'S 1ST & TRUE MOBILE PRE-OWNED USED CAR INSPECTION'S
(404) 683-6963
3394 HWY 212
LITHONIA, GA
 
Data Provided by:

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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