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Repo Car Auctions Tacoma WA

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.

South Seattle Auto Auction
(253) 872-0940
2317 SW 320th St
Federal Way, WA
 
Insurance Auto Auction
(253) 735-2733
2 Auburn Way
Auburn, WA
 
South Tacoma Honda
(253) 472-2300
7802 S Tacoma Way
Tacoma, WA
Services
Radiator Repair,Tune up Repair,Auto Dealers

Titus Will Ford Toyota Scion
(253) 475-4151
3606 S Sprague Avenue
Tacoma, WA
Services
Clutch Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Van Dealers,Truck Dealers,Auto Dealers

Bruce Titus Chevrolet
(253) 627-3111
633 Division Avenue
Tacoma, WA
Services
Clutch Repair,Radiator Repair,Tune up Repair,Van Dealers,Truck Dealers,Auto Dealers

Whitey'S Auctioneers Inc
(253) 735-1068
401 3rd Ave SW
Pacific, WA
 
South Seattle Auto Auction
(253) 872-0940
19443 77th Ave
Kent, WA
 
Lakewood Ford
(253) 473-8524
6202 South Tacoma Way
Tacoma, WA
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

BMW Northwest Inc
(253) 922-8700
4011 20th Street East
Tacoma, WA
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

South Tacoma Auto Sales
(253) 473-5979
7838 S Tacoma Way
Tacoma, WA

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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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