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Repo Car Auctions Shelbyville TN

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.

Stan Mc Nabb Chrysler Plymouth
(931) 455-1155
1200 New Manchester Highway
Tullahoma, TN
Services
Clutch Repair,Fuel Injection Repair,Tune up Repair,Used Truck Dealers,Used Car Dealers,Auto Dealers

American Towing & Recovery
(931) 222-7029
6172 Murfreesboro Hwy 31
Manchester, TN
 
Insurance Auto Auctions
(877) 550-1262
2801 Asbury Park
Chattanooga, TN
 
Chattanooga Auto Auction
(423) 499-0015
2120 Stein Dr
Chattanooga, TN
 
Auction Car Outlet
(615) 758-9530
14345 Lebanon Rd
Old Hickory, TN
 
Pro Auto Sales
(931) 723-4567
4134 Woodbury Hwy
Manchester, TN

Data Provided by:
Insurance Auto Auctions
(877) 550-1262
3634 Governor John Sevier
Knoxville, TN
 
Insurance Auto Auctions
(877) 550-1262
3896 Stewarts
Nashville, TN
 
Abc Auto Auction
(615) 847-7400
631 Burnett Rd
Old Hickory, TN
 
Bristol Auto Auction Inc
(423) 989-0073
3184 W State St
Bristol, TN
 
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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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