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Repo Car Auctions Deerfield Beach FL

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.

Autodaq Dealers Only Auto Auction
(954) 969-0321
4400 W Sample Rd
Coconut Creek, FL
 
South Florida Auto Auctions
(954) 777-4003
2300 N State Road 7
Lauderdale Lakes, FL
 
Lauderdale Auto Auction Receiving Yard
(954) 791-4956
5013 SW 51st St
Davie, FL
 
JM Lexus
(954) 972-2200
5350 W Sample Road
Margate, FL
Services
Auto Body Repair,Auto Dealers

My Auto Pal
(561) 289-8194
212 East Hillsboro Blvd
Deerfield Beach, FL
Car Makes
Purchasing Consultants - All Makes
Hours
8:00am - 4:30pm

South Florida Auto Auctions
(954) 739-9996
3500 NW 21st St
Lauderdale Lakes, FL
 
Best Bid Auto Auction
(954) 327-9993
500 N State Road 7
Plantation, FL
 
Lauderdale Miami Auto Auction Inc
(954) 791-3520
5353 S State Road 7
Davie, FL
 
Rick Case Acura
(954) 587-1111
875 N State Road 7
Plantation, FL
Services
Alignment Repair,Auto Body Repair,Clutch Repair,Fuel Injection Repair,SUV Repair,Used Car Dealers,Auto Dealers

Domani Motors
(954) 428-5636
70 SW 10th St
Deerfield Beach, FL

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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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