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Repo Car Auctions Vandalia OH

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.

Goodwill Easter Seals Miami Valley Auto Auction
(937) 898-1649
7150 N Dixie Dr
Dayton, OH
 
Collector Auto Auction Co
(937) 275-7450
5020 N Main St
Dayton, OH
 
Dale's Auto Sales
(937) 277-0266
4400 N Dixie Dr
Dayton, OH

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Ron's Auto Sales
(937) 454-0699
7849 N Main St
Dayton, OH

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Kemasabe Auto Sales
(937) 253-8500
401 Woodman Dr
Dayton, OH

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Dayton Auto Auction
(937) 454-2292
7545 N Dixie Dr
Dayton, OH
 
Serra Chevrolet
(937) 866-6271
125 South Gebhart Church Road
Miamisburg, OH

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Kemasabe Auto Sales
(937) 278-0522
3997 N Dixie Dr
Dayton, OH

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Ken's Kars
(937) 222-4581
735 N Main St
Dayton, OH

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Carl's Body Shop & Towing
(937) 253-5166
1120 Wayne Ave
Dayton, OH
 
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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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