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Repo Car Auctions Tucson AZ

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
4650 Irvington
Tucson, AZ
 
Copart Inc
(520) 663-1900
5600 S Arcadia Ave
Tucson, AZ
 
Rodeo Auto Sales
(520) 741-2111
4626 S 6th Ave
Tucson, AZ

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Jesse's Auto Sales
(520) 807-3393
244 W Irvington Rd
Tucson, AZ

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Budget Car Sales
(520) 750-0310
3750 E Irvington Rd
Tucson, AZ

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Southern Arizona Insurance Service Center
(520) 293-1390
5450 N Camino De La Tierra
Tucson, AZ
 
C & F Auto Repair
(520) 620-0741
947 S 6th Ave
Tucson, AZ

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Gallegos Auto Sales
(520) 623-0055
750 E Broadway Blvd
Tucson, AZ

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Canyon Auto Sales
(520) 293-3324
3500 N 1st Ave
Tucson, AZ

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Weiss Guys Auto Sales
(520) 584-9900
2976 N 1ST Ave
Tucson, AZ

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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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