Michigan Autos: Repo Auction Bank Sales
When buyers default on loans, the bank is responsible for repossessing the object on which the loan was made so that the bank is returned the money it was due. When this occurs, the bank attempts to make back the money by holding repo auction bank sales. Through these events it is possible to buy vehicles for much less than the sticker price since the vehicle is not brand new and the bank is often willing to settle for less than the true worth. Through an auto repo in Michigan one can find a wide range of vehicles, often in near perfect or slightly damaged condition for much less than one would normally pay. This process allows the bank to recover some of its losses and not incur more losses by storing the repo auto for auction bank sales for an extended period of time.
For those dealers who are interested in purchasing inexpensive vehicles to sell, a repo auto auction is a great place to begin. At these events one can find a wide range of vehicles including specialty cars such as municipal trucks, police cars, mobile homes and even boats. Our company holds indoor repo auctions in Michigan in two locations, one in Flint and one in Belleville, Michigan. Our Belleville location is just a short drive away from Detroit, and our Flint auction house is close to Davison, MI. So if one is looking for a close to the freeway auto auction in Michigan, either of our locations might be right.
Go to our homepage and click on the link get a map or directions to our freeway auto auction Michigan locations, or to register and learn how to participate in these events.