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Repo Car Auctions Dedham MA

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.

Quincy Auto Auction
(617) 773-5000
196 Ricciuti Dr
Quincy, MA
 
Adesa Auctions Of Boston
(508) 626-7000
63 Western Ave
Framingham, MA
 
Jim Lamb Auto Auction
(508) 533-9700
732 Lynnway
Lynn, MA
 
Westminster Dodge Inc
(617) 288-3100
710 William T Morrissey Boulevard
Boston, MA
Services
Auto Body Repair,Truck Auto Body,Truck Dealers,Used Car Dealers,Auto Dealers

Foreign Motors West Inc Sales Department
(508) 655-5350
253 North Main Street
Natick, MA
Services
Auto Inspection,Engine Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Jim Lamb Auto Auction
(508) 533-1975
1 Katie Path
Natick, MA
 
Lamb Jim Auto Auction Lynn
(508) 533-9704
489 Bedford St
Medway, MA
 
Clay Auto Sales Service Body Shop
(617) 323-3434
361 Belgrade Ave
West Roxbury, MA
Services
Auto Body Repair,Auto Repair,Used Truck Dealers,Used Car Dealers,Auto Dealers

Clark and White Inc
(617) 928-5400
777 Washington Street
Newtonville, MA
Services
Alignment Repair,Auto Body Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Natick Subaru Inc
(508) 651-2000
948 Worcester Street
Natick, MA
Services
AC and Heating Repair,Clutch Repair,Engine Repair,Radiator Repair,SUV Repair,Truck Detailing,Tune up Repair,Auto Dealers

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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