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Repo Car Auctions Everett WA

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.

Marysville Auto Auction
(425) 450-0334
6407 33rd Ave
Tulalip, WA
 
Lynnwood Dodge
(425) 771-2255
20612 Highway 99
Lynnwood, WA
Services
Clutch Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Frank's Window Tinting
(360) 334-7973
2915 Broadway
Everett, WA
Car Makes
Window Tinting, Auto Tint, Commercial Window Tint, Car Windows Tint, Window Tinting Service

Gerry Andals Auto Ranch
(425) 438-9405
8821 Evergreen Way
Everett, WA

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Karmichael Auto Salon
(425) 493-1550
11400 Mukilteo Speedway Bldg. B
Mukilteo, WA
 
Seaview Chevrolet Pontiac Gmc
(425) 742-1920
17909 Highway 99
Lynnwood, WA
Services
Radiator Repair,Tune up Repair,Auto Dealers

Dent Destroyer, Inc.
(425) 258-5412
P.O. Box 2986
Seattle, WA
 
Good Guys Car Store
(425) 257-1280
3030 Rucker Ave
Everett, WA

Data Provided by:
Bayside Auto Sales
(425) 267-9777
9815 Evergreen Way
Everett, WA

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Accel Auto & Marine
(425) 487-3890
18012 Bothell Everett Hwy Ste 3
Bothell, WA
 
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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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