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Repo Car Auctions Scituate MA

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.

Quincy Auto Auction
(617) 773-5000
196 Ricciuti Dr
Quincy, MA
South Shore Chrysler Inc
(781) 843-3633
178 Washington Street
Braintree, MA
AC and Heating Repair,Alignment Repair,Auto Body Repair,Auto Inspection,Clutch Repair,Emissions Testing,Engine Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Truck Auto Body,Truck Detailing,Tune up Repair,Used Car Dealers,Auto Dealers

Westminster Dodge Inc
(617) 288-3100
710 William T Morrissey Boulevard
Boston, MA
Auto Body Repair,Truck Auto Body,Truck Dealers,Used Car Dealers,Auto Dealers

Hanover Autoworks
(781) 826-3330
1004 Washington St
Hanover, MA

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Washington Street Motors
(781) 337-7300
646 Washington St
Weymouth, MA

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Mc Gee Toyota
(781) 826-8333
860 Washington Street
Hanover, MA
Fuel Injection Repair,Radiator Repair,Tune up Repair,Truck Dealers,Auto Dealers

Shaw Auto Sales
(781) 849-1230
29 Messina Dr
Braintree, MA
Auto Inspection,SUV Repair,Truck Dealers,Used Truck Dealers,Used Car Dealers,Auto Dealers

Civic Center Honda Toyota
(617) 539-4460
96 Pauline Street
Winthrop, MA
Emissions Testing,Auto Dealers

Suzuki of Weymouth
(781) 337-2944
710 bridge street
weymouth, MA
Ricky Smith Buick Pontiac GMC
(781) 335-4400
25 Main Street
Weymouth, MA
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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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