The auction of repossessed cars is probably not what you might be thinking. If you are thinking about auctions of luxurious Lamborghini cars or even a MC hammer car then you are so wrong.
What is difference between a normal auction and a repossessed car auction then? Simple, the objective and the price. See the majority of auctions are made to get as much money possible from the richest bidder while the repo car auction objective is to sell the car as fast as possible, because there are a large number of cars that need to sold quickly. That is the reason why the sell these vehicles at whatever price the buyer wants because they really want to get rid of those vehicles as soon as possible.
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