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Repo Car Auctions New Rochelle NY

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.

C & M Auto Sales Corp
(718) 292-5200
110 E 138th St
Bronx, NY
 
Auto Auction Depot
(718) 205-3090
12625 36th Ave
Corona, NY
 
Queens Auto Mall Inc
(718) 523-9090
13401 Atlantic Ave
Richmond Hill, NY
 
Cars On Order Ltd
(718) 291-9000
13410 Atlantic Ave
South Richmond Hill, NY
 
New Jersey State Auto Auction
(201) 200-1100
406 Sip Ave
Jersey City, NJ
 
Federal Auto Auction
(718) 292-5500
110 E 138th St
Bronx, NY
 
Repo Car Locator
(718) 757-2810
9002 63rd Dr
Rego Park, NY
 
Atlantic Ave Auto Auction
(718) 523-9124
13401 Atlantic Ave
Richmond Hill, NY
 
Statewide Auto Auction Inc
(516) 349-0007
155 Terminal Dr
Plainview, NY
 
Enterprise Car Sales
90 HUGUENOT ST
New Rochelle, NY
 

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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