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

What’s the Cheapest Way of Getting an Exotic Car? 

Date: 10/15/2015 |Category: Car Auctions

Exotic cars are some of the most impressive machines on the planet. They also happen to have some of the most impressive prices on the planet, and this means that most people will never have the opportunity to buy one of these vehicles, at least not brand new.

Buying wrecked exotics for sale could be a way to get the car that you’ve always dreamed of owning. Whether you are looking for a Ferrari, McLaren, a Porsche, or any other type of exotic, an online auction could be the ideal place to find what you need.

Choose the Right Auction

First, keep in mind that not all online auctions will have wrecked exotics for sale. Many of the auctions stick to the more traditional vehicles, since these are the ones that tend to sell.

However, some auctions have these great exotic cars that are available for a fraction of their original cost. Keep in mind that many of the wrecked exotics for sale will still be pricier than a car such as a wrecked Honda. Still, this is generally one of the most cost effective ways of getting one of these vehicles.

Look at the type of vehicles offered through the auction to see if they have wrecked exotics for sale. Finding these types of vehicles at auctions is relatively rare when compared with more ordinary vehicles, so you be sure to keep checking the website to see when new vehicles are added.

Consider Buying Wrecked Exotics for Sale for Parts

In some cases, buyers may already have an exotic vehicle, but it might need to have some extra parts for repairs. The owner might want to have some spare parts around for the future as well. In those cases, buying wrecked exotics just for the parts is a good idea.

Even if the car will never run again, you can get it for parts of the body, engine, and more. Just make sure you know what types of damage the vehicle has so you can be sure it has the undamaged parts you need. Getting the parts through auction can be easier and faster than trying to go through manufacturers or dealers.

Getting the Vehicle on the Road

When you find wrecked exotics for sale, you can be sure they have a salvage title. This means you will have to do work to get the car back in shape before it can be on the road. The type and extent of damage will vary, so you need to research the vehicle you are considering to determine what types of repairs it needs and whether they are within your budget.

Repairs to the exotics can be expensive. However, buying wrecked exotics and then repairing them can still be cheaper than buying a new or even a used exotic.

After you repair the vehicle, you can get a rebuilt title for it, as well as insurance. Keep in mind that getting anything other than liability insurance for the vehicle can be a problem. Many insurance companies have no idea how to determine the value of a wrecked exotic, so they don’t offer full coverage. Take the time to look for an insurance company that does, so you can get more protection for your vehicle.

Find information on Rebuilt Title Laws for Each US State. 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
  • 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?
  • 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?