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Repo Car Auctions San Antonio TX

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
227 Loop 1604
San Antonio, TX
Corp Gm Auto Auction
(210) 662-3621
2042 Ackerman Rd
San Antonio, TX
Insurance Auto Auctions Inc
(210) 623-1111
10475 Somerset Rd
San Antonio, TX
Mccombs Auto Auction
(210) 533-2505
1930 SE Military Dr
San Antonio, TX
Lone Star Mitsubishi
(210) 340-8222
96 Northeast Loop 410
San Antonio, TX
Auto Repair,Clutch Repair,Auto Dealers

Auction Select Autos
(210) 543-2886
7581 Bandera Rd
San Antonio, TX
Adesa San Antonio
(210) 434-4999
200 S Callaghan Rd
San Antonio, TX
Copart Inc
(210) 628-1690
11130 Applewhite Rd
San Antonio, TX
I 10 Auto Auction Of San Antonio
(210) 661-0100
1903 Fm 1516
Converse, TX
North Park Mazda
(210) 253-3300
9333 San Pedro Avenue
San Antonio, TX
Auto Repair,Brake Repair,Truck Service Station,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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