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Repo Car Auctions Gardnerville NV

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.

Cardinale Automotive Group
(530) 541-2060
1855 Lake Tahoe Blvd
South Lake Tahoe, CA

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Copart Salvage Auto Auctions
(702) 638-9300
4810 N Lamb Blvd
Las Vegas, NV
 
Brashers Reno Auto Auction
(775) 828-2437
6000 Echo Ave
Reno, NV
 
Aa Action Towing Inc
(702) 737-9100
1580 E Sahara Ave
Las Vegas, NV
 
Bill Pearce Courtesy Honda
(775) 789-7999
780 Kietzke Lane
Reno, NV
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

Las Vegas Auto Auction
(702) 737-8333
1580 E Sahara Ave
Las Vegas, NV
 
Interstate Auto Auction
(603) 893-7777
20 Hampshire Road
State, NV
 
Frank'S Towing
(702) 451-4208
1580 E Sahara Ave
Las Vegas, NV
 
Auction World Inc
(702) 876-2422
4535 W Sahara Av
Las Vegas, NV
 
Lithia Lincoln Mercury AUDI
(775) 355-6400
7175 S Virginia Street
Reno, NV
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

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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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