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Repo Car Auctions Springfield MO

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.

Insurance Auto Auctions
(877) 550-1262
1155 Eldon
Springfield, MO
 
166 Auto Auction
(417) 882-1667
2944 W Sunshine St
Springfield, MO
 
Copart Inc
(417) 753-3300
2889 Us Highway 60
Rogersville, MO
 
College Street Car Sales Incorporated
(800) 433-3243
2600 W College Rd
Springfield, MO

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Springfield Brake Co
(417) 862-9233
1225 E Trafficway St
Springfield, MO
 
Dealers Auto Auction Springfield
(417) 887-9123
5750 W State Highway Ee
Springfield, MO
 
Dealers Auto Auction Springfield
(417) 887-3470
5750 W Us Highway 60
Brookline, MO
 
Reliable Superstore
(417) 889-9000
3521 E Sunshine Street
Springfield, MO
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Auto Dealers

Barker'S Frame & Collision
(417) 864-7872
3649 W Chestnut Expy
Springfield, MO
 
Autorom.com
(417) 882-8124
3389 S Scenic Ave Ste A
Springfield, MO

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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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