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

Should I Buy Cars at Auction for Parts or Driving?

Date: 10/21/2015 |Category: Car Auctions

Quite a few people have discovered that buying cars at auction, either in person or online, offers some great benefits, either in person or online. Namely, they may be able to save quite a bit of money on the purchase of the vehicle.

Should You Buy Cars at Auction?

If you have been thinking about buying cars at auction, it is important to know the pros and cons. First, the prices are going to be much better than buying a regular used car from a dealer or a private seller, even after negotiation.

However, you have to remember that not all of the vehicles are going to be in drivable condition when you buy them. This means it is extremely important that you take the time to understand exactly what it is you are buying and what type of title it has.

If the vehicle has a salvage title, you will not be able to drive the vehicle as soon as you get it. It needs repair work first. In some cases, the title may state that the vehicle is only to be sold for parts. Let’s look a bit closer at what this means for you.

Drivable Vehicles

Vehicles with salvage titles are not only good for scrap. The insurance company decided to declare the vehicles a total loss and to write them off, but some of the vehicles will only need to have a little bit of rehab and repairs to get back on the road and to receive a rebuilt title. Some might need to have more work done, but they could still be worth considering for a purchase, as long as your budget allows it.

One thing to consider when choosing these vehicles, though, is that you might face some difficulties when trying to get insurance coverage for a rebuilt salvage car. Getting liability insurance, the most basic mandatory form of insurance coverage, might not be that difficult. However, getting higher forms of insurance, even though possible, can be a lot more difficult, requiring you to do a bit of shopping around and negotiating.

Vehicles for Parts

Some of the vehicles are only sold for parts. Buying cars at auction can be a good way to find the parts you need at great prices. It also happens to be quite a bit easier than trying to buy the parts piecemeal through other sellers.

No matter what you are looking for when you buy cars at auction, you can probably find it as long as you are patient. You will not always find the vehicle you need right away. Just check several different auctions and be as patient as possible.

Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.

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
  • User Registration
    • Do I need to register to bid?
    • Do I have to pay to register?
    • What information do I need to provide to register?
    • What are the rules regarding new customers and customers not in good standing?
    • I do not have a dealer license; can I bid or buy a car?
    • Can I just buy one car?
  • 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?