If you’ve never been to a salvage dealer auction, you may have a bad impression of them. However, the truth is that you should definitely consider them before you buy your next car.
Prices Don’t Get Any Lower
A salvage dealer auction is going to feature mainly cars that need to get sold or they’ll be stripped for parts.
As such, you can probably imagine that prices are as low as they’re going to get for these vehicles. This is why people on very strict budgets should always consider buying salvaged vehicles.
While the nature of an auction may increase the price on any vehicle a bit, you’d be surprised. Most people have no problem getting a car without spending more than their budget would allow.
You Can Find Some Great Cars
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Now, despite what we said above, don’t let your expectations for a salvage dealer auction fall as low as their prices.
There are actually all kinds of reasons vehicles end up with this type of legal designation. While you’re not going to find a brand new car without a scratch on it, you shouldn’t be shocked to find some very nice cars you’d be happy to own.
Competition Tends to Be Low
Normal dealer auctions tend to be pretty popular affairs. This is for good reason, of course. These vehicles are usually on the auction block because the dealer wants to clear space for their new inventory.
The lack of a crowd at salvage dealer auctions also means lack of competition. Therefore, even the nicer cars with their below-average prices may not receive a ton of bids. This is great news for you.
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Insurance Isn’t as Big a Problem as You May Think
Granted, this probably isn’t as good a selling point as the other ones we’ve covered here, but it’s important to bring up that buying a car at a salvage dealer auction doesn’t mean you’ll have to beg for an insurance company to issue you a policy.
Instead, it just means that you’re going to have some work ahead of you. When you consider how much you saved on your vehicle, though, a salvage dealer auction is still totally worth it.
Just be smart and don’t buy a total wreck that probably belongs in a scrap yard. If you have an insurance company, tell them that you plan to buy this type of vehicle ahead of time. They’ll tell you what their threshold is for insurance and might even give you a quote.
If your current insurance company won’t insure you (or you don’t have one), don’t worry. Although it might involve taking out liability insurance after the repairs are done, you’ll find an agency that’s willing to issue you a policy.
Don’t believe people who say it’s impossible to insure salvage cars. Please check the rules in your state about salvage title.
If you’re convinced from the above, auto auction mall can make it easy for you to end up with an affordable vehicle from one of these auctions. Just tell us your budget and what you want in a car. We’ll handle the rest on your behalf.
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