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Repo Car Auctions Lehigh Acres FL

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.

Manheims Southwest Florida Auto Auction
(239) 337-5141
2100 Rockfill Rd
Fort Myers, FL
 
Davis Auto Wholesale Inc
(239) 334-3322
4830 Palm Beach Blvd
Fort Myers, FL

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U Pull & Save
(239) 337-7300
4811 Doctor Martin Luther King Junior Boulevard
Fort Myers, FL
 
Denny's Auto Sales
(239) 694-8080
4829 Palm Beach Blvd
Fort Myers, FL

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World Auto Inc
(239) 334-6630
3175 Palm Beach Blvd
Fort Myers, FL

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Swordfish Motors Inc.
(239) 225-2190
14261 Jetport Loop W., Suite 6
Fort Myers, FL
Car Makes
Cadillac, Mercedes, BMW, Ford, Chrysler, Chevrolet, GM
Hours
By Appointment

Southwest Florida Auto Brokers
(239) 694-2050
13440 Palm Beach Blvd
Fort Myers, FL

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Edison Bridge Auto Sales
(239) 693-1111
4624 Palm Beach Blvd
Fort Myers, FL

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Milford Motors Inc
(239) 226-4511
11232 Palm Beach Blvd
Fort Myers, FL

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Palm City Corp
(239) 939-3030
3364 Palm Beach Blvd
Fort Myers, FL

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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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