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Repo Car Auctions Forest Hill MD

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.

Bsc America Inc
(410) 510-0521
803 Baltimore Pike
Bel Air, MD
 
Jones Plymouth
(410) 877-7604
1510 Bel Air Rd
Bel Air, MD

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Smith Motor Co
(410) 335-2302
10800 Philadelphia Rd
White Marsh, MD

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Auto Store Of Aberdeen
(410) 272-7788
1219 S Philadelphia Blvd
Aberdeen, MD

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National Motors Inc
(410) 256-8373
4129 E Joppa Rd
Baltimore, MD

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Rpm Auto Sales
(410) 676-6336
900 Pulaski Hwy
Joppa, MD
 
Jones Junction Pre-Owned
(410) 879-1133
1506 Bel Air Rd
Bel Air, MD

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D & L Auto Sales
(410) 335-3797
10811 Pulaski Hwy
White Marsh, MD

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Schaefer and Strohminger
(800) 658-4574
8200 Belair RD
Baltimore, MD
 
Hertiage Volkswagon
(410) 882-1505
9219 Harford Rd
Baltimore, MD

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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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