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Repo Car Auctions Worcester MA

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
1424 Lunenburg
Lancaster, MA
 
Insurance Auto Auctions
(978) 466-7901
1424 Lunenburg Rd
Lancaster, MA
 
Adesa Auctions Of Boston
(508) 626-7000
63 Western Ave
Framingham, MA
 
Lundgren Collision Center
(508) 832-7500
151 Washington
Auburn, MA
Services
Auto Body Repair,Collision Repair,Van Dealers,Auto Dealers

Harbro Sales and Service
(508) 234-6767
546 Providence Rd
Whitinsville, MA
Services
Auto Inspection,Emissions Testing,Fuel Injection Repair,Used Truck Dealers,Used Car Dealers,Auto Dealers

Central Mass Auto Auction
(508) 987-6803
12 Industrial Park Rd
Oxford, MA
 
Copart Auto Auctions
(508) 473-4572
82 Cape Rd
Mendon, MA
 
Millbury Ford Mercury
(508) 832-6261
Rts 20 & 290
Auburn, MA
Services
Auto Body Repair,Truck Dealers,Auto Dealers

J and S Motors Inc
(508) 234-5666
278 Church Street
Whitinsville, MA
Services
Auto Inspection,Truck Service Station,Van Dealers,Used Truck Dealers,Auto Dealers

Route 193 Auto Sales
(508) 949-7555
29 Worcester Road
Webster, MA
Services
AC and Heating Repair,Alignment Repair,SUV Repair,Truck Service Station,Truck Detailing,ATV Dealers,Used Car Dealers,Auto Dealers

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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