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Repo Car Auctions San Francisco 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.

Desert View Auto Auctions
(510) 532-8434
440 Grand Ave
Oakland, CA
 
Kens Wheel Service
(415) 543-1815
280 14th Street
San Francisco, CA
Services
Tire Balancing,Auto Dealers

Bmw Authorized Sales and Service Agency
(415) 863-9000
1675 Howard Street
San Francisco, CA
Services
Motorcycle Fabrication,Motorcycle Repair,Auto Dealers

BMW Independent Specialists
(415) 648-1611
1358 Valencia Street
San Francisco, CA
Services
Electrical Repair,Auto Dealers

East Bay Ford Truck Sales Inc
(510) 272-4400
333 Filbert Street
Oakland, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Desert View Auto Auctions
(510) 532-8434
4341 Howard St
Oakland, CA
 
Save On Mirrors
(415) 487-7800
30 Otis Street
San Francisco, CA
Services
Engine Repair,Auto Dealers

BMW Mtrcycls San Francisco
(415) 503-9988
790 Bryant Street
San Francisco, CA
Services
Motorcycle Fabrication,Motorcycle Repair,Auto Dealers

Andres Car Stereo Center
(415) 731-8144
1634 Taraval Street
San Francisco, CA
Services
Audio and Video Installation,Auto Dealers

Porsche AUDI Mazda Oakland
(510) 893-7282
2560 Webster Street
Oakland, CA
Services
Clutch Repair,Fuel Injection Repair,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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