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Repo Car Auctions Woodstock 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.

Days Auto Auction
(770) 974-3838
3611 Cobb Pkwy
Acworth, GA
 
Pugmire Suzuki
(770) 952-1984
1925 Cobb Parkway South
Marietta, GA
Services
SUV Repair,Used Car Dealers,Auto Dealers

Hennessy Honda Of Woodstock
(678) 445-6968
8931 Hwy 92
Woodstock, GA

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Town Lake Auto Sales
(770) 924-3129
6471 Highway 92
Acworth, GA

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Mustang Services
(770) 591-0000
4921 Canton Road Suite 300
Marietta, GA

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Auto Auction Srv
(678) 597-3900
5901 Peachtree Dunwoody Rd
Atlanta, GA
 
Pugmire Isuzu
(770) 952-2261
1865 Cobb Parkway South
Marietta, GA
Services
Auto Body Repair,Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Highway 92 Auto Sales
(770) 926-4377
6597 Hwy 92
Acworth, GA

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All in One Auto
(770) 872-0052
4612 Canton Highway
Marietta, GA

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Patriot Auto Sales
(770) 591-7959
5733 Bells Ferry Rd
Acworth, 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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Local Events

Woodstock Car Club Cruise-In
Dates: 12/27/2014 – 12/27/2014
Location:
Bojangles' Famous Chicken 'n Biscuits Woodstock
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