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Repo Car Auctions Dover NH

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.

Northeast Auto Auction Inc
(207) 439-9300
6 Ranger Dr
Kittery, ME
 
Bill Dube Ford
(603) 749-5500
40 Dover Point Road
Dover, NH
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Village Motors
(207) 384-5057
200 Route 236
South Berwick, ME

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American used auto parts
(603) 330-0370
40 little falls br rd
rochester , NH
 
Envi Auto Care
(603) 436-9518
2468 Lafayette Rd
Portsmouth, NH
 
Bill Dube Toyota
(603) 749-5500
40 Dover Point Rd
Dover, NH
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Seacoast Car Club
(603) 692-7770
438 Route 108
Somersworth, NH

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Hall's Auto Ctr
(207) 698-5504
75 School St
Berwick, ME

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Portsmouth Ford Used Car Ctr
(603) 431-2822
180 Mirona Rd
Portsmouth, NH

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Portsmouth Used Car Super
(603) 766-7680
2219 Lafayette Rd
Portsmouth, NH

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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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