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Repo Car Auctions Washington PA

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.

The ExclusiveChrysler Center
724-746-0463 and 412-367-7200
902 West Pike Street
Houston, PA
Fleet Depot Inc
(412) 221-7881
395 Washington Ave
Bridgeville, PA

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Sleepy Hollow Motors
(724) 258-5933
443 Main St
New Eagle, PA

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K W Sales Llc
(724) 627-5378
130 Jefferson Rd
Waynesburg, PA

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(877) 550-1262
100 Industrial
Conshohocken, PA
Three Rivers Volkswagen
(724) 941-6100
3694 Washington Rd
Mc Murray, PA

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Rainbow Honda
(724) 632-6853
3153 National Pike
Daisytown, PA

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Sarracino Auto Sales Inc
(724) 947-4785
1342 Main St
Burgettstown, PA

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Tom Mc Gilton Auto
(724) 852-2744
1710 E High St
Waynesburg, PA

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Insurance Auto Auctions
(877) 550-1262
396 River
King of Prussia, PA
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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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