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Repo Car Auctions Post Falls ID

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.

Tga Wholesale
(208) 777-8652
1800 E Polston Ave
Post Falls, ID
 
Findlay Hyundai
(208) 619-2500
1665 E Edmonton Ave
Post Falls, ID

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Todd's
(208) 773-8004
1790 E Seltice Way Ste B
Post Falls, ID

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George Gee Buick Pontiac Gmc
(509) 927-1000
21502 E George Gee Ave
Liberty Lake, WA

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Cherry Lane Auto Plaza
(509) 921-5650
17124 E Sprague Ave
Spokane Valley, WA

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Mountain View Motors
(208) 773-2142
508 E Seltice Way
Post Falls, ID

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Auto Credit
(208) 457-9787
120 W Seltice Way
Post Falls, ID

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Sneva's Affordable Cars
(208) 664-4798
2929 N Government Way
Coeur D Alene, ID

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Rathdrum Motors
(208) 687-8741
13785 W Highway 53
Rathdrum, ID

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All Valley Auto Sales
(509) 924-5737
13211 E Trent Ave
Spokane Valley, WA

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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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