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Repo Car Auctions Hagerstown MD

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.

Mason Dixon Auto Auction
(717) 597-3121
12876 Molly Pitcher Hwy
Greencastle, PA
 
Covalt's Repair
(717) 597-4664
1209 Mason-Dixon Road
Greencastle, PA
 
Todd Auto Body
(717) 597-8140
13545 Worleytown Rd.
Greencastle, PA
 
Greencastle Lube Center
(717) 597-2500
10680 Antrim Church Road
Greencastle, PA
 
Hicks Chevrolet, Inc.
(717) 597-2131
650 N Antrim Way
Greencastle, PA
 
Hagerstown Motors
(301) 745-5222
17703 Virginia Ave
Hagerstown, MD

Data Provided by:
Mellott Transport Inc.
(717) 597-1445
P. O. Box 522
Greencastle, PA
 
Skyline Auto Sales
(717) 597-5257
131 South Antrim Way
Greencastle, PA
 
Cunningham's Body Shop
(717) 597-2624
12719 Williamsport Pike
Greencastle, PA
 
Bill Bowers Tire & Auto
(717) 597-9103
75 Pine Drive
Greencastle, PA
 
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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