Salvage Cars Auction – Get the Best Deals Out of Salvage Cars

Looking for a car and wanting to have a good deal? Salvage car auctions may be the thing for you. But before you barge into salvage auto auctions, there are things that you ought to know and be aware of. While car auctions may be the place where you could transact cars at low prices, there are also pitfalls for those who are not familiar with bidding at auto auctions. What is a salvage car auction, anyhow?

Most cars that are brought to salvage car auctions are those taken from insurance claims. Usually, when a car gets involved in an accident, the insurance company evaluates the damage, if repairs go beyond the value assigned by the insurance company, then it is sold to salvage car auctions.

How to Get the Best Vehicle Deal

o Auto Preview. Prior to the auction date, auto auctions usually grant a preview period where buyers can inspect the unit’s condition.
o Bidding. You will be surprised seeing more auto dealers at the salvage vehicle auctions. You need to pay on the spot, when you win on a bid.
o Locating Auctions. You will find various advertisements in magazines, newspapers and even online. Some sites may even let you bid online.

Because very few are aware of vehicle auctions, many auto dealers are happy with that fact. Second-hand dealers buy used vehicles at the auction, refurbish and revamp them, then sell them at a higher margin of profit. They can actually bid for the item of their choice at higher prices because they have higher buying capacity. And they also know how to examine the car. Most car buyers would not take the time anymore looking at these used cars because they tend to be skeptical and would opt for a new one instead. So if you are really intent on getting the automobile of your choice, shop for one now at salvage car auctions.

Getting a Used Car from Government Auctions

Potential car buyers may also find a good deal going to seized auto auctions. Cars seized from drug dealers, which are usually posh and luxury cars, are being sold to the public by the government in its effort to reduce storage costs for these cars. And what’s even better is that they are sold at big discounts off. In this manner both the government and the buyer are benefited. Cars sold at government car auctions are a real gem.

Purchase a Cheap Automobile at a Salvage Auto Auction

Once a car has been repossessed for whatever reason, or if a car that is slightly older in make or model has not been claimed or purchased, it may be put up for sale in salvage auctions. This does not necessarily mean that these cars are not of good quality, but there are some things you’ll need to be aware of when you’re shopping at a salvage auction; here are a few tips that will help.

You will most likely be viewing salvaged cars at a public auto auction, which means that there will be plenty of people that are bidding on the same vehicle(s) that you want. Because you will have some ‘competition’, it is very important that you organize your budget before going to the auction, so that you will be very clear about your limits before you start the bidding process. One of the main reasons for this is that you will have to pay additional fees after you win the bid on the car at the salvage auction; and buyer’s premiums can be about 10 percent of the total price of the car.

Another very important thing to be aware of is to make sure that you’re able to see the title of the car before you take it from the lot. The only chance you have to get out of a bad deal at salvage auctions is if the title is falsified, and you wouldn’t know what type of allowances you have if you don’t have the accurate title.

Another option is to shop online for the salvage auction cars that you think you may want. If you want to shop online you may also want to check out the Salvage Direct website. This online resource will give you all the links to used automobiles that are of decent quality, and you’ll also find links to other vehicles you may want to purchase, such as boats, recreational vehicles, snowmobiles and motorcycles. Another website you can check out ridesafely.com. Here you will get information on live or online salvage auctions that you may want to attend.

You can also find great motor vehicles from Honda and Yamaha, and customer service is available in three languages. You can even go to one of the distributor locations in the U.S. to pick up your new vehicle after completing your purchase online. Quality cars like Lexus models, as well as Mercedes are featured on the site, but you can find more economic models such as Toyota on the site as well.

You’ll also find out where the car is physically located so that you can place your bids wisely, and the deadlines for placing the bids that you want are listed the sites for salvage auctions as well.

Why Buy Salvage Cars Or a Rebuildable Cars Rather Than Used Automobiles?

In these tough financial times we are all looking for a bargain whether it is on groceries or cars. To be a wise consumer one must carefully examine all options especially when it comes to large purchases such as a vehicle. Sadly when it comes to buying a used car many often overlook the “salvage” option merely because they have the wrong idea of what these cars are and what that title represents. While salvage cars don’t have the best reputation by many, understanding how they got that way may change your mind. Cars that have been given these titles are generally those that the insurance company had claimed would cost more to repair than the vehicle is worth. Oddly majority of the time they couldn’t be more wrong. Since those numbers tend to be based on estimated values compared to websites like Kelly Blue Book which often undervalue the actual prices. For example if a car that is several years old is involved in a heavy accident there’s a very good chance that the insurance company will decide that the repairs of this “used” vehicle will exceed the cars value, but more often then not the cars have no actual frame of engine damage.

The damage on most salvage cars for sale is merely superficial and will require body work and repainting which can be fixed in several days by professional repair shop. Nearly all Salvage Car Lots have an on-site repair shop which benefits the buyer because the lot will already have all the parts necessary to fix whatever car is being bough without having to order parts; further lowering the repair price. If not, then these dealers will recommend you to the correct specialist for your particular car. When adding the cost of the car and the repairs it’s easy to see that purchasing a salvage car and getting it fixed is always cheaper then purchasing the same vehicle from a used car lot. A car costing anywhere from $15,000 to $20,000 at a used car dealership can easily be purchased and repaired for around $10,000. When on a budget, whether you’re purchasing your first car, another one for the family or just searching for a bargain, don’t overlook a salvage car just because a naysayer has spoken. Browsing through your local salvage car dealer’s lot is probably the smartest place to start your search. You never know, you might just drive out of there in that red convertible Porsche of your dreams for a quarter of what you had expected to pay; remember bargain cars are everywhere just looking to be found.