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Repo Car Auctions Kahului HI

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.

Aloha Auto Auction
(808) 244-8466
1464 Lower Main St
Wailuku, HI
 
Universal Motors Llc
(808) 298-6560
1960 Main St
Wailuku, HI
 
Beach Road Auto
(808) 244-9879
1322 Lower Main St
Wailuku, HI
 
Furomotors Used Cars
(808) 244-3766
1726 Mill St Ste B
Wailuku, HI
 
Auto -Tech Maui Inc
(808) 244-9069
1720 Wili Pa Loop
Wailuku, HI
 
Servco Maui
(808) 564-1800
445 Kele St
Kahului, HI

Data Provided by:
Cutter Family Auto Centers
(808) 442-9450
237 Dairy Rd
Wailuku, HI
 
Honda Kikuo
(808) 244-0817
589 Pio Dr
Wailuku, HI
 
Honda Nadao
(808) 244-0479
181 Nakoa Dr
Wailuku, HI
 
Honda Shufflo S
(808) 244-3538
548 Pio Dr
Wailuku, HI
 
Data Provided by:

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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