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Repo Car Auctions East Stroudsburg PA

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.

Brodheadsville Chevrolet
(570) 992-0200
Route 209
Brodheadsville, PA
Services
Fuel Injection Repair,Radiator Repair,Truck Dealers,Auto Dealers

Keystone Auto Sales
(570) 992-9072
Route 209 & Silver Valley Rd
Brodheadsville, PA

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INSURANCE AUTO AUCTIONS INC
(877) 550-1262
15369 Dunnings
East Freedom, PA
 
Insurance Auto Auctions
(877) 550-1262
396 River
King of Prussia, PA
 
Insurance Auto Auctions
(877) 550-1262
49 Bairdford
Gibsonia, PA
 
Family Motors
(570) 424-8868
Rte 611
Bartonsville, PA

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Brown Daub Chevrolet Pontiac Buick
(610) 863-6100
Route 512 & 33
Windgap, PA

Data Provided by:
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
100 Industrial
Conshohocken, PA
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
261 Hamilton
Pittsfield, PA
 
Insurance Auto Auctions
(877) 550-1262
103 Thompson
Pittston, PA
 
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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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