Auto Leasing Guide
Go to LeaseGuide.com now !

Repo Car Auctions Fort Worth TX

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.

Copart Of Texas
(817) 231-4500
950 S Blue Mound Rd
Fort Worth, TX
 
D F W Auto Auction
(817) 399-4000
12101 Trinity Blvd
Euless, TX
 
Don Davis Nissan
(817) 588-5000
1401 W State Highway 114
Grapevine, TX
Services
Clutch Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

H & R Motors
(817) 624-4055
1509 NW 28th St
Fort Worth, TX

Data Provided by:
Garzas Auto Sales
(817) 626-1499
1200 N Main St
Fort Worth, TX

Data Provided by:
Sound Works
(817) 346-3114
6301 Mccart Ave
Fort Worth, TX
 
Copart Of Texas Inc
(972) 263-2711
505 Idlewild Rd
Grand Prairie, TX
 
Nissan of Grapevine Texas
(817) 601-3600
1401 W State Highway 114
Grapevine, TX
Services
Emissions Testing,Engine Repair,Fuel Injection Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Used Car Dealers,Auto Dealers

Elizondo Auto Sales
(817) 624-1218
1621 NW 25TH St
Fort Worth, TX

Data Provided by:
Willie L Skrasek Used Cars
(817) 336-7757
735 N Main St
Fort Worth, TX

Data Provided by:
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...

Click here to read the rest of this article from Lease Guide