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

Is It Safe to Buy Salvage Cars Online in Dealer Auctions?

Date: 07/25/2017 |Category: Car Auctions, Salvage Cars

The market for automobiles has been changed forever by the advent of online dealer auctions. Some websites that provide access to dealer auctions online now allow for ordinary consumers to participate in these auctions. Because of this, these auto buyers are now capable of enjoying the level of savings that’s long been the sole purview of dealers. These are savings that in many instances can total in the several thousands of dollars.

Still, despite the obvious benefits of online car auctions, there are many consumers who remain skeptical. This is especially true when it comes to buying a salvage car in an online dealer auction. Not only are people unsure of what an online dealer auto auction actually entails, they also fail to understand what a salvage car really is.

In order to allay common skepticism, we’re going to explore both topics below. In the end, you’ll likely see why it may make sense for you to buy a salvage car online in a dealer auction.

What Are Salvage Cars?

Many consumers make the mistake of believing that salvage cars are junk vehicles. While this may be true in some cases, it is definitely not true in all or even the majority of cases. Simply put, salvage cars are vehicles for which the insurance policy on the vehicle has been paid out at 75% or greater to the insured. (The precise percentage varies depending upon the state.)

An insurer may have a number of different reasons for paying out a policy. It may be due to a catastrophic collision or accident, or it may have to do with a vehicle being stolen. In this latter case, as an example, a vehicle will be designated as salvage regardless of its present state.

What Are Online Dealer Auctions

Dealer auctions are, of course, nothing new. They take place across the country each and every day. These are auctions wherein any number of used and salvage cars may be auctioned off. However, the majority of these auctions have been largely closed to the public.

Online dealer auctions have changed all this. There are now some websites that exist that allow ordinary consumers to access these auctions online. They function in much the same way as any other online auction site you may be familiar with – like eBay, for example. Much like these other websites, online dealer auctions are perfectly safe, offering a variety of protections for their users.

See What Salvage Cars Are Available to Buy in Online Auctions Today!

If you’re looking to purchase a vehicle at a fraction of its cost, then salvage cars are an excellent place to start. Through a search in an online auction, you should be able to find a salvage car to buy that meets your needs. If you’re looking for something that’s in serviceable to good condition, start your search with theft-recovery and repossession vehicles. If you’re looking for a project for your garage, broaden your search to all kinds of vehicles.

So, consider your options when it comes to salvage cars, and believe in the safety that online dealer auto auctions provide. Going this route just might be a decision that saves you thousands upon thousands of dollars on your next vehicle!

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
Request a
Callback!
We will call you within 1 min
Thank
you!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • 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?
  • 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?