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Repo Car Auctions Fort Collins CO

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.

Loveland Auto Auction Inc
(970) 669-4994
2500 E 13th St
Loveland, CO
 
Interstate Honda
(970) 493-8881
858 SE Frontage Road
Fort Collins, CO
Services
Motorcycle Fabrication,Motorcycle Repair,Auto Dealers

Pedersen Toyota
(970) 688-4358
4455 S. College Avenue
Fort Collins, CO
Car Makes
Toyota

Gonzales Auto Sales
(970) 493-4974
418 S Summit View Dr
Fort Collins, CO

Data Provided by:
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
1280 Highway 50
Delta, CO
 
Pedersen Auto Plaza Volvo
(303) 534-2613
4455 S Mason Street
Fort Collins, CO
Services
Paintless Dent Repair,Auto Dealers

Heritage Ford L M Inc
(970) 667-2220
999 East Eisenhower Boulevard
Loveland, CO
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Truck Dealers,Auto Dealers,Used Car Dealer

Zalli Motors Llc
(970) 797-2608
935 N College Ave
Fort Collins, CO

Data Provided by:
Cross Country Motors
(970) 669-3280
3600 Garfield Ave
Loveland, CO

Data Provided by:
Loveland Auto Auction Inc
(970) 669-4994
2500 E 13th St
Loveland, CO
 
Data Provided by:

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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