Insurance Auto
Auction
An
Insurance Auto Auction is a great way to buy a project car or a car for parts to an existing car or truck you need parts for. Insurance auto auctions include automobiles, motorcycles, commercial vehicles, recreational vehicles, and other equipment that insurance companies settle as non-repaired claim adjustments.
There are many different reasons to consider buying from an insurance auto auction, but don’t expect to drive away from the sale in most of their vehicles, since they were probably acquired from collisions, floods, theft, or fire damage. It really depends on the reason a vehicle is being sold to the public to determine if it will be of considerable value to a buyer.
Take for instance, a collision vehicle could possibly be a great choice for a motor or transmission if the damage was primarily to the side or rear of the vehicle. The price of a vehicle like that could be a great value for replacing a car motor, considering the price of a new one. And it’s possible you could find a similar make and model as your existing car or truck. This would make the exchange process much easier to swap out.
Insurance auto auctions are held periodically across the nation and having access to the dates, location, and times are good to know in advance so that you will have adequate time to arrange your schedule and have funds readily available prior to the auction.
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Auto Auction Locations |
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- Insurance
Auto Auctions
- Auto
Auctions Worldwide
- Car
Tech Auction Inc
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Vehicles sold through insurance auto auctions are sold as is and other than stating the reason for the sale as far as damage or otherwise, the insurance company is just trying to recoup some of their losses from paying on vehicle claims.
There are some vehicles that do not have a readily available parts inventory for and insurance auto auctions are a great place to find those hard to find parts cars. If you are in the business of salvage, then knowing which vehicles are rare could be a real gold mine for resale purposes.
Some little known details as far as potential buyers from insurance auto auctions are exporters. Exporters are always looking to buy cheap and minor damaged vehicles to ship to other parts of the world for inexpensive vehicles compared to buying them from their own destinations.
Parts houses and scrap yards are keen to know what their buyers are looking for and which vehicles have short supplies of valuable parts and they too will be found prowling the insurance auto auctions.
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