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Repo Car Auctions Huntington WV

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.

Tri State Auto Auction
(606) 928-4005
1627 W Midland Trail Rd
Ashland, KY
 
Hamilton Chevrolet
(740) 886-7979
7982 State Route 7
Proctorville, OH
Services
SUV Repair,Truck Service Station,Auto Dealers

Winner's Circle Auto Exchange
(606) 325-9970
1245 Winchester Ave
Ashland, KY

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Ona Used Auto Sales
(304) 736-3000
3215 Us Route 60
Ona, WV

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Fayette Auto Auction
(304) 465-5823
917 Main St
Oak Hill, WV
 
Ztech
(304) 736-2060
3455 US Route 60
Huntington, WV
Services
Trailer Repair,Truck Parts,Auto Dealers

Harmon Motor Sales Inc
(740) 532-9033
1013 S 3rd St
Ironton, OH
Services
Brake Repair,Clutch Repair,Emissions Testing,Mobile Auto Repair,Radiator Repair,Speedometer Repair,Truck Auto Body,Tune up Repair,Truck Dealers,Auto Dealers

Carl Grover Motorsports, Inc.
(304) 736-0022
3256 Route 60 East
Ona, WV

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INSURANCE AUTO AUCTIONS INC
(877) 550-1262
200 Auction
Buckhannon, WV
 
Kanawha Valley Auto Auction
(304) 925-9220
159 Campbells Creek Dr
Charleston, WV
 
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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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