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Repo Car Auctions Washington DC

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
7140 Virginia Manor
Laurel, MD
 
Auto Auction Tysons
(703) 442-0100
8590 Leesburg Pike
Vienna, VA
 
Premier Public Auto Auction
(301) 483-4888
9595A Lynn Buff Ct
Laurel, MD
 
Fairfax Autobody
(703) 273-1850
9610 Lee Highway
Fairfax, VA
Services
Collision Repair,Auto Dealers

Jimmy's Auto Inc
(202) 842-3242
418 New York Ave NW
Washington, DC

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Branch Avenue Auto Auction Inc
(301) 868-7000
7827 Branch Ave
Clinton, MD
 
Ins Auto Auctions Inc
(301) 419-2865
7131 Virginia Manor Ct
Laurel, MD
 
Ins Auto Auctions Inc
(301) 782-4074
14149 Brandywine Rd
Brandywine, MD
 
3 D Motors
(202) 667-3433
200 Florida Ave NW
Washington, DC

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A & A Motor Sports & Imports
(202) 640-5724
307 New York Ave NW
Washington, DC
 
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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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