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Repo Car Auctions Fresno CA

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.

Auction Auto Sales
(559) 485-3781
921 N Blackstone Ave
Fresno, CA
 
Downtown Auto Center Fresno
(559) 225-8200
2534 N Blackstone Avenue
Fresno, CA
Services
AC and Heating Repair,Brake Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Fresno Infiniti
(559) 435-5001
711 West Palmdon Drive
Fresno, CA
Services
Truck Auto Body,Van Dealers,Auto Dealers

Lithia Dodge of Fresno
(559) 431-4000
6162 N Blackstone Avenue
Fresno, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Central Valley Honda
(559) 834-9474
3020 San Antonio Drive
Fowler, CA
Services
Motorcycle Fabrication,Auto Dealers

Manheim Central California
(559) 268-8051
278 N Marks Ave
Fresno, CA
 
Acura and Honda Specialist
(559) 251-0999
4338 E Belmont Avenue
Fresno, CA
Services
Transmission Repair,Auto Dealers

Lithia Ford of Fresno
(559) 435-8400
195 E Auto Center Drive
Fresno, CA
Services
SUV Repair,Auto Dealers

Central Valley Truck Center
(559) 266-9531
2707 S East Avenue
Fresno, CA
Services
Truck Parts,Auto Dealers

Liberty Chevrolet
(559) 896-5000
2755 Auto Mall Drive B
Selma, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Truck Dealer,Van Dealers,Auto Dealers

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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