If you have a vehicle that you are trying to rebuild, buying vehicles at auction could be a good option for you. You can often find vehicles for sale at a fraction of the price that you would pay through a used dealership. When you are using these vehicles for parts, you do not always care about the overall condition of the vehicle so long as the parts you need are still in good condition. You will not have to worry about rebuilding or insuring the vehicle.
Choosing the Right Cars
You can find a number of different types of auction cars on the block. Some of them will have salvage titles and have rebuild potential. These vehicles could be a good option if you are searching for parts, as you can often get them cheaply. However, you may also look for the vehicles that are junk and deemed not repairable. These will be even cheaper, and you will likely have fewer people bidding on them.
However, it is important that you take the time to understand everything about the vehicle’s extent of damage. Will it actually have the parts you need and are they still in working condition? Make a list of what you need to have for the vehicle you are rebuilding, and then start scouring the sites to find auction vehicles that will meet your needs.
Something else you should do before you buy auction vehicles is to check their price against the price of buying the parts on their own through other sellers. You might find some cheaper prices elsewhere. However, it’s generally better to buy a salvage or junk vehicle that has the parts you need because they will have other parts you might need at a later date. The parts that you don’t need or that are not in working condition could be resold to a salvage yard, for example.
One of the benefits of using auction cars for parts is the fact that you can save not only money, but also time. How much time have you already spent trying to find parts for your vehicle? If you are trying to locate specific parts, it can be a long and tedious process. Buying auction cars tends to give you everything you need (or most of it) in one package.
Keep the Receipts and Bill of Sale
It is extremely important that you make sure you keep all of your receipts and the bill of sale when you are buying auction vehicles to use for repairs. If you are using parts of the vehicle you bought to repair a vehicle that you already have, you will need to have documentation of where you bought those parts when it goes through an inspection. This lets the inspectors know that you bought the parts legally, and that they have not been stolen.
You need to be careful about where you buy. Always go through a legitimate auction that allows to you learn about the vehicle and to have the VIN number. This reduces the risk of inadvertently buying a vehicle that has been stolen.
Buying stolen properly, even if it was through no fault of your own, will only cause problems down the line. If the sellers or the auction are hesitant about providing you with this information, it is better to err on the side of caution so you can avoid potential legal trouble.
When you are rebuilding your car, make sure you stop to think about the benefits that auction vehicles can offer. It’s a great way to get what you need without spending too much time or money.