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Repo Car Auctions Dallas TX

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 AUCTION
(877) 550-1262
204 Mars
Wilmer, TX
 
Insurance Auto Auctions
(972) 595-5900
4226 Main St
Dallas, TX
 
Lunas Auto Sales
(972) 241-6144
2726 Lombardy Ln
Dallas, TX
 
Irving Auto Auction
(972) 445-1044
1602 E 6th St
Irving, TX
 
Karefree Auto Auction
(972) 870-5322
1401 S Loop 12
Irving, TX
 
Dealer Auto Auction Of Dallas Inc
(972) 339-4100
2717 Main St
Dallas, TX
 
Trinity Public Auto Auction
(214) 747-7653
241 W Commerce St
Dallas, TX
 
Automotive Finance Corp
(214) 660-3177
8344 E R L Thornton Fwy
Dallas, TX
 
Kare Free Auto Auction
(972) 231-3305
11990 N Central Expy
Dallas, TX
 
Dallas Auto Auction
(214) 467-5600
5333 W Kiest Blvd
Dallas, TX
 

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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