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Repo Car Auctions Forest Grove 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
14335 Tualatin Sherwood
Sherwood, OR
 
Da Kar Co
(503) 992-1200
904 NW Martin Rd
Forest Grove, OR

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Columbia Fleet Management
(503) 690-9450
3000 Nw Stucki Pl # 230
Hillsboro, OR

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Car City
(503) 844-2777
1131 SW Baseline St
Hillsboro, OR

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D'Angelo Auto Sales
(503) 642-7915
1400 ne 48th ave
hillsboro, OR
 
K & S Wholesale Inc
(503) 359-1653
3821 Pacific Ave
Forest Grove, OR

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Larry H. Miller Hyundai Hillsboro
(800) 240-1263
2871 SE Tualatin Valley Highway
Hillsboro, OR
Car Makes
Hyundai

Pierce Vehicle Consulting
(503) 649-7100
2810 SE 75TH Ave
Hillsboro, OR

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Sinaloa Auto Sales
(503) 648-8137
451 SW Oak St
Hillsboro, OR

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Perte Auto Sales
(503) 648-0900
1775 SE Tualatin Valley Hwy
Hillsboro, 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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