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Repo Car Auctions Sparks NV

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.

Brashers Reno Auto Auction
(775) 828-2437
6000 Echo Ave
Reno, NV
 
Jones West Ford
(775) 329-8800
3600 Kietzke Lane
Reno, NV
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Truck Auto Body,Tune up Repair,Used Car Dealers,Auto Dealers

Lithia Volkswagen of Reno
(775) 852-3300
7063 S Virginia Street
Reno, NV
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Amigos Auto Sales
(775) 359-3010
2109 Prater Way
Sparks, NV

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Diamond Motors & Pawn
(775) 356-8664
2233 Prater Way
Sparks, NV

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Bill Pearce Courtesy Honda
(775) 789-7999
780 Kietzke Lane
Reno, NV
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

Lithia Chrysler Jeep of Reno
(775) 323-3106
3223 Mill Street
Reno, NV
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Lithia Lincoln Mercury AUDI
(775) 355-6400
7175 S Virginia Street
Reno, NV
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Pro-Tech Auto Sales
(775) 358-1142
1750 Victorian Ave
Sparks, NV

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Enterprise Car Sales
(775) 329-7239
3003 Mill St
Reno, NV

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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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