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Repo Car Auctions Riverdale GA

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.

Insurance Auto Auctions
(877) 550-1262
1930 Rex
Morrow, GA
 
Bishop Bros Auto Auction
(404) 767-3652
2244 Metropolitan Pkwy
Atlanta, GA
 
Manheims Georgia Dealers Auto Auction
(404) 349-5555
7205 Campbellton Rd
Atlanta, GA
 
Nissan South Morrow
(770) 968-1360
6889 Jonesboro Road
Morrow, GA
Services
SUV Repair,Van Dealers,Auto Dealers

Autosmith
(770) 994-1330
6636 Powers St
Riverdale, GA

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Insurance Auto Auctions Inc
(404) 366-2298
1930 Rex Rd
Morrow, GA
 
Adesa Fairburn Inc
(770) 357-2000
5055 Oakley Industrial Blvd
Fairburn, GA
 
Copart Inc
(770) 941-9775
2568 Old Alabama Rd
Austell, GA
 
Lou Sobh Ford Inc
(404) 633-4005
1665 Scott Blvd.
Decatur, GA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Van Dealers,Auto Dealers

Mack's
(404) 361-2242
4620 Old Jonesboro Rd
Forest Park, GA

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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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