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Repo Car Auctions Harrisburg PA

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.

Harrisburg Auto Auction
(717) 697-2222
1100 S York St
Mechanicsburg, PA
 
Sutliff Auto group
(717) 234-8888
1301 Paxton St
Harrisburg, PA
Services
Auto Parts,Oil Change and Lube,Auto Repair,Truck Repair,Auto Dealers

McCafferty Ford of Mechanicsburg
(717) 766-4733
6320 Carlisle Pike
Mechanicsburg, PA
Services
Oil Change and Lube,Radiator Repair,Truck Service Station,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Brenner Chrysler Jeep
(717) 766-7686
6039 Carlisle Pike
Mechanicsburg, PA
Services
AC and Heating Repair,Auto Inspection,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Cumberland Valley Motors
(717) 697-4089
6714 Carlisle Pike
Mechanicsburg, PA
Services
Auto Body Repair,Auto Repair,Used Car Dealers,Auto Dealers

Copart Inc
(717) 861-7400
12 Park Dr
Grantville, PA
 
McCafferty Kia of Mechanicsburg
(717) 918-0384
6302 Carlisle Pike
Mechanicsburg, PA
Services
Alignment Repair,Emissions Testing,Radiator Repair,Truck Auto Body,Tune up Repair,Auto Dealers

Lehman Motors
(717) 691-8400
6281 Carlisle Pike
Mechanicsburg, PA
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Van Dealers,Truck Dealers,Auto Dealers

Brenner Nissan
(717) 697-8400
6271 Carlisle Pike
Mechanicsburg, PA
Services
Radiator Repair,Tune up Repair,Auto Dealers

MillerS Autos
(717) 432-3064
630 U S Rte 15
Dillsburg, PA
Services
AC and Heating Repair,Auto Inspection,Auto Repair,Used Car 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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Dates: 6/7/2014 – 6/7/2014
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Carlisle Fairgrounds Carlisle
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Dates: 5/15/2014 – 5/15/2014
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LB Smith Ford Lincoln Lemoyne
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