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Repo Car Auctions South Jordan UT

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.

Auto Auctions Of America
(801) 270-0900
5443 S 320 W
Murray, UT
 
Utah Public Auto Auction
(801) 956-2886
566 Delong St
Salt Lake City, UT
 
Larry H Miller Chevrolet
(801) 264-3200
5650 S State Street
Salt Lake City, UT
Services
Alignment Repair,Clutch Repair,Truck Auto Body,Truck Dealers,Used Car Dealers,Auto Dealers

Volkswagen South Towne
(801) 676-6401
11000 Frontage Rd
South Jordan, UT

Data Provided by:
Auto Excellence
(801) 748-0070
1320 W 7800 S
West Jordan, UT

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Brashers Auto Auction
(801) 322-1234
780 S 5600 West
Salt Lake City, UT
 
Copart Salvage Auto Auctions
(801) 294-3000
170 W Center St
North Salt Lake, UT
 
Mark Miller Pontiac Buick
(801) 266-8833
3535 S State Street
Salt Lake City, UT
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Truck Auto Body,Tune up Repair,Used Car Dealers,Auto Dealers

Prestige Imports
(801) 352-9180
10808 S 300 W
South Jordan, UT

Data Provided by:
Speedway Auto Ctr
(801) 563-3344
8400 S State St
Midvale, UT

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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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