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Repo Car Auctions Denver CO

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.

Vad Automotive Body Shop
(303) 940-8227
4390 Kipling St
Wheat Ridge, CO
 
Pacific Auction Inc
(303) 287-0691
5450 Dahlia St
Commerce City, CO
 
Pyramid Motors & Auction Co
(719) 547-3585
6955 E 50th Ave
Commerce City, CO
 
Dealers Auto Auction Of The Rockies
(303) 289-7716
7175 York St
Denver, CO
 
Denver Auto Auction
(303) 343-3443
17500 E 32nd Ave
Aurora, CO
 
Colorado Auto Auction
(303) 287-8077
6955 E 50th Ave
Commerce City, CO
 
Copart Of Washington Inc
(303) 287-8165
6464 Downing St
Denver, CO
 
Roller & Associates Inc
(720) 903-8115
6955 E 50th Ave
Commerce City, CO
 
Intermountain Auto Sales
(888) 894-2398
6955 E 50th Ave
Commerce City, CO
 
Klode Salvage Distribution Center Inc
(303) 470-5511
8300 Blakeland Dr
Littleton, CO
 

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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