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Repo Car Auctions Irwin 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.

Latrobe Chevrolet and Ford
(888) 372-7963
1595 Mission Rd
Latrobe, PA
Services
Auto Repair,Clutch Repair,Emissions Testing,Fuel Injection Repair,Mobile Auto Repair,Radiator Repair,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Joseph Grant Auto Sales
(412) 673-0350
2925 Walnut St
Mckeesport, PA

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Smaillmusedcars
(866) 310-1188
Bud Smail Lincoln Mercury 5110 Route 30 East
Greensburg, PA
 
Premier Motor Sales
(724) 468-6630
150 W Pittsburgh St
Delmont, PA

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Verona Jeep-Eagle Annex
(412) 828-4026
549 Allegheny River Blvd
Verona, PA

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Harrison Auto Sales
(724) 861-8100
12451 Route 30
Irwin, PA

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Latorre Auto Sales
(412) 384-9438
2050 Hayden Blvd
Elizabeth, PA

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South Hills Car Connection
(412) 469-1300
3706 Lebanon Church Rd
West Mifflin, PA

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Jack Schempp Motor Cars
(412) 828-1380
600 Allegheny River Blvd
Verona, PA

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Martino Motors Inc
(412) 241-1200
536 Rodi Rd
Pittsburgh, PA

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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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