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Repo Car Auctions Johnson City TN

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.

Bristol Auto Auction Inc
(423) 989-0073
3184 W State St
Bristol, TN
Metro Lincoln Mercury RV
(423) 230-2300
869 E Stone Drive
Kingsport, TN
RV and Camper Repair,Auto Dealers

(423) 753-9693
179 oak hill circle
jonesborough, TN
Car Makes

Elizabethton Auto Sales
(423) 543-7592
319 Broad St
Elizabethton, TN

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Cameo Marble & Granite
(423) 348-8221
3697 Highway 81
Fall Branch, TN

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Johnson City Honda
(866) 994-2609
2806 N Roan St
Johnson City, TN
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Lexus of Kingsport
(423) 224-2270
2527 E Stone Drive
Kingsport, TN
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

The Horseless Carriage Company
(423) 547-0018
1921 W Elk Ave
Elizabethton, TN

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Grindstaff Used Car Sales
(423) 542-5972
158 E Elk Ave
Elizabethton, TN

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Duzz All Detialing
(423) 579-9775
1074 Lynn Garden Dr
Kingsport, TN
Car Makes
8:00 till 6:00 M-F 9:00 till ?? Saturday
We do estimates

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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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