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Repo Car Auctions San Diego 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.

Copart Salvage Auto Auction
(619) 671-0900
7847 Airway Rd
San Diego, CA
Contract Services Auto Auction
(619) 661-4590
9063 Airway Rd
San Diego, CA
Otay Auto Auctions
(619) 661-0808
8955 Paseo De La Fuente Norte
San Diego, CA
Father Joes Auto Auction
(619) 671-7900
1595 Radar Rd
San Diego, CA
Mack Trucks Inc
(858) 874-5682
5463 Kearny Villa Road
San Diego, CA
Truck Auto Body,Van Dealers,Auto Dealers

Desert View Auto Auction
(760) 788-6955
14282 Danielson St
Poway, CA
Desert View Auto Auctions
(619) 661-1204
7277 Otay Mesa Rd
San Diego, CA
Adesa Inc
(619) 661-5565
2175 Cactus Rd
San Diego, CA
Bob Baker Ford
(866) 464-4060
730 Camino Del Rio North
San Diego, CA
Truck Auto Body,Used Truck Dealer,Van Dealers,Auto Dealers

BMW Passion
(619) 634-1396
4131 Home Avenue
San Diego, CA
Clutch 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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