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Repo Car Auctions Las Cruces NM

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.

Insurance Auto Auctions
(877) 550-1262
4400 Broadway
Albuquerque, NM
 
Albuquerque Auto Auction
(505) 242-9191
3411 Broadway Blvd
Albuquerque, NM
 
Farmington Auto Auction
(505) 326-1005
1661 W Murray Dr
Farmington, NM
 
Chevrolet Authorized Sales and Service
(505) 722-7701
1900 South 2nd Street
Gallup, NM
Services
Oil Change and Lube,Auto Body Repair,Truck Auto Body,Truck Service Station,Auto Dealers

Smith Ford Inc
(575) 542-3551
412 E Motel Drive
Lordsburg, NM
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

American Auto Auctions
(575) 234-2021
4303 National Parks Hwy
Carlsbad, NM
 
Acme Auto Auction Inc.
(505) 877-4073
8705 Broadway SE
Albuquerque, NM
 
High Desert Honda
(575) 769-0030
200 N Prince Street
Clovis, NM
Services
Motorcycle Fabrication,Motorcycle Repair,Auto Dealers

Springer Auto Company
(505) 483-2494
824 Fourth Street
Springer, NM
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Elite Auto Sales
(505) 232-2750
6108 Lomas Blvd Ne
Albuquerque, NM

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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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