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Repo Car Auctions Pinellas Park 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.

St Pete Auto Auction
(727) 531-7717
14950 Roosevelt Blvd
Clearwater, FL
 
Your Auction Inc
(727) 572-8800
3010 Scherer Dr
Saint Petersburg, FL
 
Tampa Bay Auto Mall
(727) 461-1088
3925 Tampa Rd
Oldsmar, FL
Services
AC and Heating Repair,Service Stations,Used Truck Dealers,Used Car Dealers,Auto Dealers

C & C Cars
(727) 547-4400
7550 Park Blvd
Pinellas Park, FL

Data Provided by:
St Pete Motors Inc
(727) 544-2262
9033 66th St
St Petersburg, FL

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Clearwater Auto Auction
(727) 540-9848
5152 126th Ave
Clearwater, FL
 
Dew Cadillac Inc
(727) 822-2019
3333 Gandy Boulevard
Pinellas Park, FL
Services
Alignment Repair,Auto Body Repair,Fuel Injection Repair,Auto Dealers

Wholesale Superstore
(727) 547-0016
6791 Park Blvd
Pinellas Park, FL

Data Provided by:
Fett Motors Inc
(727) 527-7709
6335 Us Highway 19 N
Pinellas Park, FL

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Central Auto Brokers Inc
(727) 526-2886
4065 54th Ave N
St Petersburg, 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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