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Repo Car Auctions Moreno Valley CA

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.

(877) 550-1262
13901 San Bernardino
Fontana, CA
Dealer License Auto
(909) 880-1380
10610 Mountain View Ave
Redlands, CA
Desert View Auto Auctions
(909) 746-4026
125 W Bryant St
Bloomington, CA
Southern Calif Auto Auction
(909) 822-2261
10700 Beech Ave
Fontana, CA
Raceway Nissan
(951) 571-9300
6030 Sycamore Canyon Blvd
Riverside, CA
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Abs Auto Auctions
(909) 421-4439
1900 W Valley Blvd
Colton, CA
The Riverside Auto Auction
(951) 785-6265
6446 Fremont St
Riverside, CA
Adesa Los Angeles
(909) 574-4647
11184 Almond Ave
Fontana, CA
Dealer Trade Solutions Inc
(909) 434-6400
16470 Slover Ave
Fontana, CA
Toyota Of San Bernardino
(909) 381-4444
765 Showcase Dr N
San Bernardino, CA
Auto Repair,Auto Dealers,Used Car Dealer

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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