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Repo Car Auctions Pasadena TX

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.

United Auto Auction
(713) 948-0001
9605 Galveston Rd
Houston, TX
 
Houston Auto Auction
(713) 644-5566
6730 Gulf Fwy
Houston, TX
 
Momentum Volkswagen
(800) 491-7317
2405 Richmond Ave
Houston, TX
Services
Auto Parts,Auto Repair,Clutch Repair,Speedometer Repair,SUV Repair,Used Car Dealers,Auto Dealers

Big Horn Auto Sales
(281) 487-4928
4717 Spencer Hwy
Pasadena, TX

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Hyde Motor Co
(281) 487-2275
2801 Preston Ave
Pasadena, TX

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Manheim Texas Hobby
(713) 640-6200
8215 Kopman Dr
Houston, TX
 
Baytown Cadillac
(281) 471-8411
700 West Texas Avenue
La Porte, TX
Services
Clutch Repair,Auto Dealers

Big C Auto Sales
(713) 473-8833
3323 Red Bluff Rd
Pasadena, TX

Data Provided by:
Auto Source Usa
(281) 479-4747
7410 Spencer Hwy
Pasadena, TX

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Cjs Auto Sales
(713) 947-6405
2509 S Houston Rd
Pasadena, TX

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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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