Auto Leasing Guide
Go to LeaseGuide.com now !

Repo Car Auctions Turlock CA

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.

Performance Smog Inc
(209) 579-8378
1404 N Carpenter Road
Modesto, CA
Services
Auto Inspection,Emissions Testing,Auto Dealers

A to Z Auto Sales
(209) 521-0250
1001 S 9th Street
Modesto, CA
Services
RV and Camper Repair,Auto Dealers

Mazdas Plus
(209) 571-8664
1400 N 9th Street, # 21
Modesto, CA
Services
Electrical Repair,Speedometer Repair,Auto Dealers

Modesto European
(209) 522-8100
3900 N McHenry Avenue
Modesto, CA
Services
Clutch Repair,Radiator Repair,Tune up Repair,Auto Dealers,Used Car Dealer

Valley BMW
(209) 575-0269
4369 McHenry Avenue
Modesto, CA
Services
Clutch Repair,Radiator Repair,Tune up Repair,Auto Dealers

Triumph of Modesto
(209) 524-2955
307 Maze Boulevard
Modesto, CA
Services
Motorcycle Fabrication,Motorcycle Repair,Auto Dealers

Cycle Specialties BMW
(209) 524-2955
1201 N Carpenter Road
Modesto, CA
Services
Motorcycle Fabrication,Motorcycle Repair,Auto Dealers

Heritage Ford
(209) 529-5110
2100 Sisk Road
Modesto, CA
Services
SUV Repair,Auto Dealers

Mistlin Honda Automobiles
(209) 549-5000
4754 McHenry Avenue
Modesto, CA
Services
Radiator Repair,Tune up Repair,Auto Dealers

Richardson Dodge Chrysler
(209) 847-3025
1376 E F Street
Oakdale, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

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...

Click here to read the rest of this article from Lease Guide

Local Events

Mud-N-Yer Eye Frolic 2014
Dates: 4/25/2014 – 4/27/2014
Location:
Hollister Hills SVRA Hollister
View Details

HHORA Board meeting
Dates: 5/10/2014 – 5/10/2014
Location:
Hollister Hills SVRA training building Hollister
View Details

HHORA Board meeting
Dates: 6/14/2014 – 6/14/2014
Location:
Hollister Hills SVRA training building Hollister
View Details

HHORA Board meeting
Dates: 7/12/2014 – 7/12/2014
Location:
Hollister Hills SVRA training building Hollister
View Details

HHORA Board meeting
Dates: 8/9/2014 – 8/9/2014
Location:
Hollister Hills SVRA training building Hollister
View Details