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Repo Car Auctions Kennewick WA

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.

Copart Of Washington Inc
(509) 547-1701
3333 N Railroad Ave
Pasco, WA
 
Lapoint's
(509) 586-1148
520 W Columbia Dr
Kennewick, WA

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Insurance Auto Auctions
(877) 550-1262
8018 State Route 2
Spokane, WA
 
Ehli Turners Auctions
(877) 800-5894
2020 N Monroe St
Spokane, WA
 
South Seattle Auto Auction
(253) 872-0940
19443 77th Ave
Kent, WA
 
Archibald's Inc
(509) 737-1199
6902 W Clearwater Ave
Kennewick, WA

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Torino's Auto Sales & Svc
(509) 542-0223
114 N Oregon Ave
Pasco, WA

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Insurance Auto Auctions
(877) 550-1262
8801 Marginal
Tukwila, WA
 
Daa Northwest
(509) 244-4500
2215 S Hayford Rd
Spokane, WA
 
Amado Towing Services
(425) 745-1627
8398 Spring Creek Rd SE
Port Orchard, WA
 
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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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