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Repo Car Auctions Laconia NH

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.

Autoserv of Tilton
(603) 286-3141
634 West Main Street
Tilton, NH
Services
Auto Body Repair,Auto Repair,Clutch Repair,Truck Dealers,Used Truck Dealers,Used Car Dealers,Auto Dealers

Millennium Motor Sales Incorporated
(603) 267-6664
110 NH Rte 106
Gilmanton, NH

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Regal Auction Services LLC
(800) 22r-egal
349 Central Street
Franklin, NH
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
75 Lowell
Salem, NH
 
Capital Auto Auction Inc
(603) 622-9058
190 Londonderry Tpke
Manchester, NH
 
Hutchinson Motors
(603) 528-8611
6 Farrarville Rd
Belmont, NH

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Mr B's Auto World Inc
(603) 934-9111
403 N Main St
Franklin, NH

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White Mountain Auto Broker
(603) 968-3005
384 Main St
Ashland, NH

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Downtown Auto Sales
(603) 668-6597
485 Elm St
Manchester, NH
 
Auto Auction Of New England Inc
(603) 437-5700
8 Action Blvd
Londonderry, NH
 
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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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