“Auto auctions are such a popular concept these days. At a car auction you can get a car at half its actual value. Shopping at an auto auction can help you save hundreds, even thousands of dollars if you shop carefully and know what you’re doing. One of the most important things to realize is that there are different formats of auto auctions, one being the bank auto auction.
A bank auto auction is an auction at which offered are recent reposed bank and credit union cars. These cars are repossessed from people who went through the bank to purchase a vehicle and who then did not make their payments on time or stopped paying altogether.