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Repo Car Auctions Herndon VA

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.

Auto Auction Tysons
(703) 442-0100
8590 Leesburg Pike
Vienna, VA
 
Henrys Manassas Auction
(703) 331-0615
10679 Wakeman Ct
Manassas, VA
 
Fairfax Autobody
(703) 273-1850
9610 Lee Highway
Fairfax, VA
Services
Collision Repair,Auto Dealers

Browns Prestige Car Sales and Leasing Inc
(703) 522-8808
8651 Centreville Rd
Manassas, VA
Services
Auto Body Repair,Auto Repair,Used Car Dealers,Auto Dealers

BMW of Sterling
(571) 434-1944
21826 Pacific Blvd.
Washington, DC
 
American Public Auto Auction
(703) 392-5050
9111 Antique Way
Manassas, VA
 
Woodbridge Public Auto Auction
(888) 478-8815
9401 Peabody St
Manassas, VA
 
Dulles Motor Cars
(703) 777-7077
107 Catactin Circle Southeast
Leesburg, VA
Services
Oil Change and Lube,Alignment Repair,Emissions Testing,Fuel Injection Repair,Mobile Auto Repair,Paintless Dent Repair,Radiator Repair,Truck Auto Body,Truck Service Station,Tune up Repair,Used Car Dealers,Auto Dealers

Dudley Martin Chevrolet
(703) 631-0250
8000 Sudley Road
Manassas, VA
Services
Auto Body Repair,Auto Repair,Truck Dealers,Auto Dealers

Car Max Auto Superstore
(703) 404-4386
45210 Towlern Pl
Sterling, VA

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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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