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Repo Car Auctions Manhattan KS

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
2663 88th
Kansas City, KS
 
Acadia Auto Auctions
(207) 941-2345
411 E Holme St
Norton, KS
 
I 70 Auto Auction
(785) 478-4250
11048 SW Us Highway 40
Topeka, KS
 
Mid America Auto Auction Inc
(316) 522-8407
4716 S Santa Fe St
Wichita, KS
 
Wichita Car Auction
(316) 524-6154
3820 S Broadway St
Wichita, KS
 
Copart Kansas City Salvage Pool
(913) 287-6200
6211 Kansas Ave
Kansas City, KS
 
Mid Kansas Auto Aucction Inc
(785) 621-2100
700 W 48th St
Hays, KS
 
Copart Auto Salvage Inc
(316) 529-2444
4400 S Madison Ave
Wichita, KS
 
Salina Auto Auction
(785) 827-8784
2845 Centennial Rd
Salina, KS
 
Insurance Auto Auctions Auctions Inc
(316) 832-1101
270 W 53rd St
Wichita, KS
 

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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