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Repo Car Auctions Texarkana AR

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.

Dickerson Larry Auctioneers & Assoc
(903) 793-2841
903 Elm St
Texarkana, TX
 
Classic KIA
(903) 793-4623
4411 N State Line Avenue
Texarkana, TX
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Classic GMC Buick Pontiac
(903) 223-4333
4333 Mall Lane
Texarkana, TX
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

R H Car Sales
(870) 898-8776
1120 N Constitution Ave
Ashdown, AR

Data Provided by:
Adesa Little Rock
(501) 945-2444
8700 Highway 70
North Little Rock, AR
 
Texarkana Auto Auction
(903) 794-6925
903 Elm St
Texarkana, TX
 
Classic Jeep
(903) 793-6791
3939 Summerhill Road
Texarkana, TX
Services
Oil Change and Lube,Clutch Repair,Fuel Injection Repair,Radiator Repair,Truck Service Station,Tune up Repair,Auto Dealers

Blackburns Used Cars
(903) 792-2277
5445 N Park Rd
Texarkana, TX

Data Provided by:
INSURANCE AUTO AUCTION INC
(877) 550-1262
4900 Kerr
Scott, AR
 
Greenbrier Auto Auction
(501) 679-6895
281 S Broadview St
Greenbrier, AR
 
Data Provided by:

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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