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2. Auto auction - Wikipedia

   en.wikipedia.org/wiki/Auto_auction

   Auto auctions are the most common method of disposing of repossessed vehicles. Repossessed vehicles can feasibly sell for less because the financial institution disposing of them only seeks to offset its losses (also restricted by federal regulations). The condition of such cars may be compromised by lack of maintenance.

3. Is That Used Car for Sale Really a Repo or Government Surplus?

   www.aol.com/news/2011-03-30-is-that-used-car-for...

   Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal. But the ...

4. A bank created fake accounts, forced clients into ... - AOL

   www.aol.com/bank-created-fake-accounts-forced...

   A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties

5. Repossession - Wikipedia

   en.wikipedia.org/wiki/Repossession

   Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.

6. Vehicle impoundment - Wikipedia

   en.wikipedia.org/wiki/Vehicle_impoundment

   Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.

7. Vehicle remarketing - Wikipedia

   en.wikipedia.org/wiki/Vehicle_remarketing

   Vehicle remarketing is the controlled disposal of fleet and leasing vehicles that have reached the end of their fixed term. In vehicle leasing, after the lease expires, the lessee either returns the vehicle to the supplier or buys it. The vehicles that are not purchased by the driver become an unwanted asset for the fleet or leasing company ...