A short summary here - basically repossessed auto or car auctions are auctions that include cars which repossessed purchase. Often, automobiles are at rock bottom. These vehicles frequent seized from either those who have broken the law such as flouting criminal laws or defaulting on payments pertaining to instance taxes, loans etc. These repossessed car auctions can be conducted in the government, banks or bankers.

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Since the auctioneers are eager to exterminate their vehicles, it isn't very difficult to find seized vehicles at these repossessed car auctions at incredibly low prices. Sometimes, you can tumble at about 10 to 20% from the original retail price.