When you signed the financing agreement that enabled you to buy a car on payments, you made a legally binding promise to make those payments on time every month. If you miss a single payment by 30 ...

Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles ...

A viral TikTok shows a sea of late-model Toyotas parked nose-to-nose at a repo yard, many with only a few thousand miles. Some wear 2024 and even 2025 tags, and the plan is simple: run them through ...

Repossessions are reaching record levels, but you can put the brakes on the process before it's too late. Here's how.

FONTANA, Calif. — Dealers might not necessarily be asking auctions specifically about repossessed vehicles. But when a repo unit comes down a lane, it's likely headed to a dealer's inventory soon.

New Michigan-based marketplace connects buyers and dealers to bank-released vehicles, boats, and equipment with ...

There are ways to avoid the repossession experience. Even if you can’t afford your car loan, you can choose how to go forward. You can surrender your car to the bank, or work out a payment plan to ...

Working on cheap auction cars isn't for the light-hearted – most of the time, you'll spend more on repairs than the vehicle is worth. Smart car prospectors will buy them cheaply and sell them off ...