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Repo Car Auctions Salinas CA

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.

My Chevrolet
(831) 758-6464
366 Abbott Street
Salinas, CA
Services
Truck Service Station,Auto Dealers

Cardinal Automobile Group
(831) 444-7400
555 Auto Center Circle
Salinas, CA
Services
Truck Auto Body,Auto Dealers

Salinas Collision Repair
(831) 444-4444
1100 Auto Center Circle
Salinas, CA
Services
Truck Auto Body,Auto Dealers,Used Car Dealer

Salinas Buick Pontiac Gmc
(831) 444-8444
600 Auto Center Circle
Salinas, CA
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Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

My Chevrolet Jeep
(831) 372-7286
444 Auto Center Circle, # A
Salinas, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Salinas Valley Ford
(831) 444-4444
1100 Auto Center Circle
Salinas, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Salinas Hyundai
(831) 444-9000
900 Auto Center Circle
Salinas, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Sam Linder Cadillac Honda
(831) 424-1500
300 Auto Center Circle
Salinas, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

My Kia
(831) 444-8888
222 Auto Center Circle
Salinas, CA
Services
SUV Repair,Van Dealers,Auto Dealers

Butts Acura
(831) 394-4100
4 Heitzinger Plaza, # A
Seaside, CA
Services
Radiator Repair,Tune up Repair,Auto Dealers

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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