Knowing what to look for at Salvage car auctions
A salvage car auction also be known as insurance car auction can be a great place to pick up a bargain but only if you know what you're doing. What you need to know is that a salvage car auction has absolutely nothing to do with regular auctions - i.e. government, public or wholesale.
Salvage car auctions
The main problem with the cars sold at salvage car auctions is that these cars are usually damaged to an extent the ordinary car buyers do not have the knowhow to properly assess. It is therefore strongly advised that only experienced professionals purchase from these kinds of auctions. If that is not you then try to find someone to go with you when you are going to bid at a salvage car auction. However, if you're looking to purchase a car just for spare parts then you should not worry so much. Just make sure that the parts you're interested in are in order and, of course, be wary of the price you will pay. As you might guess, there is no need to pay prices closer to the normal price of spare parts for the car you buy.
Exercise caution when buying
The other usual checks that are done when buying a car are still very necessary - you should carefully read all the documents involved, checking the car VIN numbers and car history.
Be prepared for the inconvenience that you may arise later if you have bought a restored car from a salvage car auction. The fact that the car was rebuilt remains in its report. Cars that were restored are not preferable with banks or insurance companies. Furthermore, even if you buy a car that is still under the manufacturers warranty period, the warranty can be voided if the vehicle was previously restored. So never count on the fact that the car is still under its warranty period.
Car auctions to find bargains
City Car Auctions Place To Find Bargains
With tight economic times, people are looking to squeeze money out of every purchase. That includes buying the family car in a nontraditional place -- a city car auction. "A minivan probably worth $3,000 or $4,000 sold for $1,500. So yeah, that's a pretty good deal," said David "Frog" Hall. KMBC's Jim Flink reported that some of the cars have checkered pasts. Most of the cars up for auction are fixer-uppers. Some of them were removed from crime scenes. Prophett Maine just bought a Scion. "It was well worth it. They're going for way more than what the auction is for," Maine told Flink. Danielle Ewing went to the auction to car shop for her brother. "That's a heck of a deal for a Lexus. I know, a '92 with 100,000 miles," Ewing said. Ewing said she spent $2,200. Mark Monger was buying up every car he could, Flink reported. Monger runs a pick-n-pull salvage yard. Every car has valuable parts worth money. Flink reported that there were two kinds of cars being sold -- those ready to drive off the lot and those being sold for nothing more than scrap. Most of the cars sold Tuesday were not in driveable condition, but most of the premium cars were. Those cars are only sold once every 60 to 90 days at the police auto auction yard.
Runtime: 1:52
966 views
0 Comments:
Salvage car auction links
- Salvage car auctions
- Salvage Yard where you can bid on repairable and rebuildable cars. Find a wide range of brands including Ford, Audi, BMW. Fiat, Honda and more. You can buy a quality bargain salvage title car or you get a project car.
Salvage car auction news
Fetching RSS feed... please stand byPlease make a donation
The mission of the Children's Defense Fund is to ensure every child a Healthy Start, a Head Start, a Fair Start, a Safe Start, and a Moral Start in life and successful passage to adulthood with the help of caring families and communities.
Reader Feedback
|
motobidia
All good advice! I've rated your lens and featured it on our All About 'em Car Auctions group. All the best! Motobidia.com - your ticket to the car dealer auctions! Posted July 25, 2008 |
