For the auto buyer who’s really looking to cut costs, salvage cars can be incredibly attractive targets. Every year in the United States, more than three million vehicles are issued salvage titles. Given both the salvage designation and the volume of such vehicles available, salvage cars can often be purchased for incredibly steep discounts.
Now, when you hear the term ‘salvage car’, you might not understand what all the fuss is about. In your mind, these are vehicles that have been damaged beyond repair in catastrophic accidents and collisions. While this is true of some, this is not true of all or even most.
To understand why this is the case, consider what a salvage car really is. It’s any vehicle for which the insurance policy has been paid out at 75% or greater of the vehicle’s value, depending upon the state. This can happen for any number of reasons, including theft or an insurer simply looking to expedite a claim.
Given this, salvage cars run the gamut in terms of quality, from wrecked to like new. Regardless of condition, though, one thing is true of all. They’re cheap and can save an auto buyer lots of money. But, where can you buy salvage cars? Let’s explore.
Dealer Auctions for Salvage Cars
For the longest time, there was only one way to buy salvage cars. You had to participate in a dealer auction. These auctions take place across the country and are indeed a good source of salvage cars. However, the majority of these auctions are only open to licensed dealers, something that leaves the vast majority of consumers out in the cold.
Major Providers of Online Dealer Auctions
In recent years, dealer auctions have begun to move online, just like so many other things. In fact, if you were to search dealer auctions online, you’d likely come across some big sites like Adesa, Copart, Manheim, and others. However, the same old problem persists with these services. Namely, you really need to be a dealer in order to get any use out of them… But, all hope is not lost.
Public Online Car Auctions
There are now a number of websites that offer public car auctions. This is possible because these online car auction sites are able to let their users access dealer auctions by listing vehicles on their site from certain dealer-only auction houses (other than Manheim and Adesa) so that you get access to this inventory at great prices. In turn, this has enabled many consumers to enjoy the selection and savings afforded by dealer auctions for salvage cars.
Buy Salvage Cars Today!
If you want to buy salvage cars and you don’t have a dealer’s license, it’s absolutely possible. The only thing that you need to do is sign up for an online car auction websites that’s open to the public. After that, you’ll be able to enjoy the convenience of shopping among thousands of salvage cars from the comfort of your own home. When you find what you’re looking for, bidding is easy – no different than you’d experience with a site like EBay. So, come on! What are you waiting for? Try online car auctions and buy salvage cars today!