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Repo Car Auctions Pittsfield MA

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.

Doc's Auto Sales
(413) 445-5154
567 Dalton Ave
Pittsfield, MA

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Signature Series Pre-Owned
(413) 443-3236
768 East St
Pittsfield, MA

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Insurance Auto Auctions
(877) 550-1262
1424 Lunenburg
Lancaster, MA
 
Jim Lamb Auto Auction
(508) 533-1975
1 Katie Path
Natick, MA
 
Jim Lamb Auto Auction
(508) 533-9700
732 Lynnway
Lynn, MA
 
Livingston Motors Inc
(413) 499-7733
350 Merrill Rd
Pittsfield, MA

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Formel Motor Co
(413) 528-9424
21 Van Deusenville Rd
Great Barrington, MA

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Insurance Auto Auctions
(978) 466-7901
1424 Lunenburg Rd
Lancaster, MA
 
Quincy Auto Auction
(617) 773-5000
196 Ricciuti Dr
Quincy, MA
 
North Shore Auto Auction
(978) 356-7600
5 Turnpike Rd
Ipswich, MA
 
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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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