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Repo Car Auctions Kaukauna WI

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.

(877) 550-1262
2591 Casaloma
Appleton, WI
Prestige Auto Sales
(920) 731-8940
603 E Wisconsin Ave
Appleton, WI

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Mighty Auto Sales Incorporated
(920) 733-3500
1590 S Oneida St
Appleton, WI

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Grand Chute Auto Sales
(920) 749-9991
300 N Lynndale Dr
Appleton, WI

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Southwest Auto
(920) 725-7347
1423 Green Valley Rd
Neenah, WI

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Van Dyn Hoven Hyundai
(920) 749-3232
3023 Victory Lane
Appleton, WI
SUV Repair,Truck Service Station,Used Car Dealers,Auto Dealers

Ultimate Rides
(920) 733-2277
3216 S Oneida St
Appleton, WI

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Budget Fox Valley
(920) 731-3100
505 W Northland Ave
Appleton, WI

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Hy-Way 45 Auto Sales
(920) 967-1200
8390 State Road 76
Neenah, WI

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Auto Depot
(920) 722-3200
912 S Commercial St
Neenah, WI

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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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