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Repo Car Auctions Eugene OR

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.

Insurance Auto Auctions
(877) 550-1262
1000 Bethel
Eugene, OR
 
Abs & Auto Buyline Systems
(541) 736-8883
3521 Franklin Blvd
Eugene, OR
 
Karhouse Auto Finance
(541) 654-5379
825 River Ave
Eugene, OR
Car Makes
honda, acura, toyota, chevrolet, ford,
Hours
8am-8pm

Summers Car Co
(541) 747-9010
3521 Franklin Blvd
Eugene, OR

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Dan's Automotive
(541) 726-3823
3477 Main St
Springfield, OR

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Brasher'S Northwest Auto Auction
(800) 905-3901
90485 Auction Way
Eugene, OR
 
Green Eye
(541) 461-1924
285 River Rd
Eugene, OR

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East & West Coast Auto
(541) 344-8223
1710 W 7th Ave
Eugene, OR

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Massey's Auto Wholesale
(541) 741-3325
1517 S A St
Springfield, OR

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Main Street Auto Sales
(541) 746-8506
4106 Main St
Springfield, OR

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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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