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Repo Car Auctions Warner Robins GA

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
2200 Trade
MacOn, GA
 
Peach County Ford
(478) 956-4007
230 Highway 49 N. ( I-75 Exit, # 149)
Byron, GA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Eddie Wiggins Automotive Group
(912) 922-9341
420 Watson Blvd
Warner Robins, GA

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Troy Hamby Automotive
(478) 922-7726
1102 Russell Pkwy
Warner Robins, GA

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Jim's Auto Sales
(478) 956-6083
2487 GA Hwy 49 N
Byron, GA

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Houston Auto Auction
(478) 788-6947
4599 Pio Nono Ave
Macon, GA
 
Victory Lane Auto Sales
(478) 922-8870
2500 Watson Blvd
Warner Robins, GA

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Houston Dental Professionals
(478) 929-1661
100 S Houston Rd
Warner Robins, GA

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Nohaggles.com LLC
(478) 971-4988
615 Huntington Chase Ct
Warner Robins, GA

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P & P Auto Sales & Svc
(478) 785-1487
3320 Houston Ave
Macon, GA

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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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