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Repo Car Auctions Lebanon PA

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 Inc
(717) 861-7400
12 Park Dr
Grantville, PA
 
Sutliff Auto group
(717) 234-8888
1301 Paxton St
Harrisburg, PA
Services
Auto Parts,Oil Change and Lube,Auto Repair,Truck Repair,Auto Dealers

Cali Auto Group
(717) 832-2100
500 S Locust St
Palmyra, PA

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MONTIETH RESTORATION AND PERFORMANCE
(717) 964-3345
856 s. mt. pleasant rd
lebanon, PA
 
Blue Mountain Motorcars
(717) 651-9393
5200 Jonestown Rd
Harrisburg, PA

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Manheim Auto Auction
(717) 665-3571
1190 Lancaster Rd
Manheim, PA
 
Four Twenty Two Auto Sales
(717) 832-2009
1000 E Main St
Palmyra, PA

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Premium Protective Coatings
(717) 821-4654
760 Eby Road
Palmyra/Hershey, PA
 
Joe's Cars and Trucks
(586) 610-9733
404 Radcliffe
Harrisburg, PA
 
Harvey's Auto Sales
(717) 564-7152
3129 Wayne St
Harrisburg, PA

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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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