Flash Auctions
Try out our new feature. Be fast. Save Big!

Why You Should Buy Salvage Cars Online

Date: 07/04/2017 |Category: Salvage Cars

Nowadays, it can feel incredibly difficult to get a good deal on a vehicle. However, if you know where to look and what kind of vehicles to look for, it’s actually a lot easier than you might expect!

For example, have you ever considered the prospect of buying a salvage car? If you haven’t, then you really should. More so than any other kind of vehicle, it’s possible to pay literal pennies on the dollar for such a vehicle. And these aren’t just ‘totaled’ vehicles, mind you. These are cars that run the gamut in terms of quality, not to mention makes, models and model years.

If you want to know why you should buy salvage cars online, then read on. We’re going to explain the benefits of salvage car ownership, and just how you can get your hands on one!

What Are Salvage Cars?

To understand the benefits of salvage cars, you first need to understand what they are. Simply put, a salvage car is one that’s had its insurance policy paid out by an insurer at 75% or greater of the vehicle’s value. When this happens, the insurance company takes possession of the vehicle, and it is issued a salvage title by the relevant authority.

Now, what would cause an insurance company to do this? As it turns out, a number of different things!

Naturally, one reason that a car may be designated as salvage has to do with serious collisions and other accidents. When an insurer assesses that the cost to repair a vehicle is greater than the vehicle’s worth, the policy is paid out. But, this isn’t as cut and dry as it might appear.

For one, an insurer may simply ‘total’ a vehicle to expedite a claim, not because the cost of repairs is actually greater than the value of the vehicle. In addition, there are instances, such as vehicle theft, where an insurer will pay out a policy even if no damage has occurred.

The Big Benefit When You Buy a Salvage Car

So, why would you want to buy a salvage car? Well, there’s one benefit that trumps all others: the cost. Because a salvage car can never be shed of its designation, it will always have a much lower resale value than an ordinary used vehicle. Because of this, these vehicles can be snatched up at auctions for incredibly low prices.

When you purchase a salvage vehicle in good condition – say a theft recovery vehicle – the benefits of this are obvious. When you buy salvage cars that are damaged, there are still benefits too, though! If you can make repairs yourself, or else know an affordable and reliable mechanic, the cost of the vehicle will still end up being significantly lower than if you had bought new!

Sign Up for Online Dealer Auctions Today

In order to understand why you should buy salvage cars online, you need to see what’s out there. To do this, simply sign up for an online dealer auto auction website and see what’s out there. When you see the kinds of salvage cars you can purchase and the prices that they sell for, you won’t be able to resist!

Auto Auction Specialist Used car expert The largest salvage & insurance vehicle auction marketplace online.
Bid on over 200,000 vehicles for sale right now.
1-800-680-8010

Ready to get started?

Register a free user account and start bidding on your dream car right now!

Sign up for free

Unfortunately we are not in the office right now

Let us call you back during our business hours

Thank you!
We will contact you on:

{{cbTime}}am {{cbWeekday}}

{{phoneNumber}}

Ok, got it!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • Auction Process
    • Do you offer live bidding?
    • What is the difference between, “auction” car, and a “buy now” car?
    • What is a Reserve Price?
    • What does the bid amount include?
    • How does the auction process work?
  • Deposits and Pre-Bidding
    • Is the security deposit refundable?
    • How do international customers make a deposit in their account?
    • How does the security deposit process work?
    • Can I cancel a bid?
    • Can I inspect vehicles prior to auction?
    • Is automatic bidding or pre-bidding available?
    • What is the total bidding amount?
    • What is a bid in active status?
    • What is a bid in pending status?
    • What is the best way to win an auction?
    • How do I search for a car available at auction?
    • How does the auction process work?
  • Post-Auction and Payments
    • What does a customer need to do to get the title to a vehicle?
    • How do I pick up the car I purchased?
    • Are there storage fees if I cannot pick up my vehicle immediately?
    • Do you Issue Temporary Plates?
    • Can I pay in cash?
    • Are there late payment penalties?
    • What are the payment terms?
    • How do I pay for an auction?
    • What if I fail to may a payment as required?
    • When is the balance due on a purchase?
    • When will I be notified of the results of the auction?
    • Bidding has ended. Is my bid the highest?
    • Why did I receive notice after bidding ended that my bid is no longer the highest?
  • Shipping and Delivery
    • How will it be mailed to me?
    • When will I receive the title?
    • Can I have the title mailed to an address/name different from the address/name on my account?
    • I have an agent working on my behalf can this person pick up my vehicle?
    • Do you offer delivery?
    • When can I pick up a car I have won at auction?
  • Understanding Salvage Titles
    • What is NMVTIS and how is it used?
    • Understanding the salvage title/rebuilt title distinction
    • What are the different types of titles a vehicle may have?
    • I received a different type of title than the one in the description. I received an equivalent title from a different state. Why?
  • User Registration
    • What are the rules regarding new customers and customers not in good standing?
    • Can I just buy one car?
    • I do not have a dealer license; can I bid or buy a car?
    • What information do I need to provide to register?
    • Do I have to pay to register?
    • Do I need to register to bid?