More people are realizing that buying salvage cars can save them a ton of money. If you have decided that buying a salvage car is the best decision for you, you may be wondering how you are able to get such amazing deals on salvage cars from auto auctions like A Better Bid (ABB) live auctions.
We are here to help you navigate the process of choosing and purchasing salvage cars for sale. Read on to find out the exact process necessary to purchase the salvage car of your dreams.
What is a Salvage Car
Chances are that you have already done your research and know that a salvage car is for you. If you have not, and maybe you just heard about the cheap cars you can score, here is some information that will prove helpful in your quest.
When you go to a car dealer, in addition to websites like Cars and Bids, you are shopping for used or new cars. Especially from a dealership, that means that they have inspected the car, fixed any issues that it may have had, and sell it to you free of damage.
Auto salvage cars, on the other hand, are ones that have sustained moderate to severe damage and are in need of repair to be in operating condition, but do not require as much capital upfront. Auto insurance companies like Direct Auto assess the damage to vehicles and make a determination as to whether it would be financially prudent to repair the damage or just brand it as salvage, pay out the owner and offload the car at an auction.
Sometimes the damage is extensive and will require a great deal of work to repair but, other times, the damage might be relatively minor and easy to fix. This can be a quick way to get a fantastic deal on a car as long as you do not mind driving a car with a rebuilt title.
It is not only cars, though, that are sold at salvage auctions. You can find salvage auctions that have cars, trucks, SUVs, motorcycles, and much more.
Some salvage auctions also have non-repairable, parts-only cars available that are only sold for parts because the damage is so severe. This could be a great opportunity for someone looking to make money by harvesting and selling car parts or scavenging the parts for another project they are working on.
Do You Have to Attend Auctions In Person?
Over the last few years, some of the major car auction companies like Barrett Jackson, Manheim, and Mecum have begun allowing access to their offerings in-person and online.
On exclusively online auctions like A Better Bid, you can find many salvage cars for sale located all over the country in one convenient place. You can bid on salvage cars from the convenience of your couch, in your pajamas if you wish.
Where can I Purchase Salvage Cars?
Now that you have made a decision that purchasing a car from an auction makes sense for you, where can you look for cars to purchase? Here are a few that we recommend.
A Better Bid
With over 300,000 vehicles for sale daily, A Better Bid is a one stop shop for repairable and salvage cars for sale. Vehicles available for sale come from insurance, rental, and finance companies as well as bank repos, abandoned vehicles, and more.
A Better Bid helps you search through nationwide auctions so you can look for that Harley-Davidson you have been wanting or the super hard to find Ferrari for a fantastic price. No matter what you are looking to purchase, A Better Bid can help you find several options to consider.
ACV Auctions
Located in Buffalo, New York, ACV Auctions offers a whole list of tools for buyers with a dealer’s license or broker. From a virtual lift to audio recordings of the cars running, ACV aims to give you as much information as possible to drive your purchase research.
ACV also has a wide variety of vehicles available to purchase. With cars ranging from used rental cars to wholesale vehicles, there is a good chance that you can find what you are looking for at an upcoming auction.
Fairway Auto Auction
Fairway Auto Auction sells vehicles out of Edgerton, Wisconsin to buyers with a dealer’s license. You can also check with a broker about purchasing from Fairway for you.
If you are within 150 miles of Edgerton, Fairway will even deliver your vehicle to you, usually same day. They offer a free wash and vacuum for the first time the vehicle runs as well as a full detail center available to help your car look great.
Hemmings
Established in 1954, Hemmings is one of the biggest names in classic cars and parts. They have almost any classic car you can imagine from a 1960 Mercedes SL convertible to a pristine 2001 BMW M5.
Hemmings is not known for salvage car auctions like IAAI, but they do have some amazing cars for auction. Just know that pristine or restored classic cars do not come cheap; have a fat wallet available.
Conclusion
The process of buying salvage cars can seem overwhelming but there are plenty of companies to help you navigate the process. There are some great deals out there. Go get your new car and save thousands of dollars with salvage cars.