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Repo Car Auctions Gillette WY

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.

Great Western Nissan
(307) 382-9515
1525 Dewar Drive
Rock Springs, WY
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Truck Dealers,Auto Dealers

Garvin Motors
(307) 754-5743
1105 W Coulter Avenue
Powell, WY
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Worland Ford Lincoln Mercury Inc
(307) 347-4237
500 Big Horn Avenue
Worland, WY
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Cheap Autos Inc
(307) 265-0066
1905 E Yellowstone Hwy
Casper, WY

Data Provided by:
Grabers Diesel Repair Inc
(307) 650-0148
PO Box 1264
Cheyenne, WY
 
Worland Ford Chrysler
(307) 347-4236
500 Big Horn Avenue
Worland, WY
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Laramie Peak Motors
(307) 322-2355
2305 N 16th Street
Wheatland, WY
Services
AC and Heating Repair,Truck Auto Body,Truck Service Station,Auto Dealers

Wyoming Trucks Wholesale
(307) 352-6500
1503 Dewar Drive
Rock Springs, WY
Services
Clutch Repair,SUV Repair,Used Car Dealers,Auto Dealers

Honda of Casper
(888) 241-8430
641 E Yellowstone Hwy
Casper, WY

Data Provided by:
Wolfs Jackson Dodge
(307) 732-2886
1330 S Highway 89
Jackson, WY
 
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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