What is Salvage title?

Buying from a Salvage Dealer Auction

By Mike Richards Updated: 05/23/2019 Posted: 05/25/2017

You might be wondering why someone would want to buy a salvage vehicle. You will find that there are many reasons to consider getting salvage vehicles, and the word salvage does not necessarily mean a vehicle that no longer runs. Quite a few people have discovered that these vehicles still have a lot to give, and they could be a good option for you. If you want to get one of these types of vehicles, you may want to consider a salvage dealer auction.

In the past, it was not possible for people who did not have dealer licenses to attend these auctions. In fact, it is still not possible to buy from these auctions without a dealer’s license. You simply use a workaround for some of them. Instead of going directly through the salvage dealer auction, you can work with a company that has a license and will be your proxy for the auction.

These companies will let you see the auction inventory and all the information you need to know about the vehicles to determine whether it will be a good buy for you. You then have the option of bidding on the vehicle that you like. They can even take care of the bidding for you. Just provide them with the starting bid amount and a maximum budget. They can take care of the rest. These companies can even help with the shipping once you win the auction.

How to Use the Vehicle from the Salvage Dealer Auction

Keep in mind that there are many different types of vehicles at these auctions, and they are in different conditions. Some of the vehicles might be unrepairable, which means no matter what you do to them, they can no longer be driven. If you are looking for parts for another vehicle you are rebuilding, then this could be a good solution for you.

However, other vehicles, even if they are considered salvage, can be in good shape and running. The term salvage is how the insurance companies show that a vehicle has been “totaled”. They can often be repaired, and many times, they are in good shape when they hit the auction block. Read about the vehicles that interest you at the salvage dealer auction and see the condition before buying.

You can find some great deals, and they could work well for a second car, a first car for someone, and more. Do not let the word salvage scare you away. Just make sure you know what it means and how it applies to the vehicle you are considering.

Work With a Legitimate Company

You always want to learn a bit about the company that is allowing you to buy through the salvage dealer auction. Make sure they have a good reputation and that they have auctions with plenty of options in the inventory. Check the auction fees, and what they do when it comes to shipping the vehicle to you. With a little research, you can get a great car for a great price.