Not everyone is interested in first-hand dealers when it comes to purchasing a car, especially if those people have a shorter budget. Of course, we have alternative sources from where you can get a well-running car — or any vehicle for that matter. Car Auctions seem to be the perfect space that most people find when they’d like to get a non-new car for daily usage.
More notably, some people believe that car auctions are the only ways to purchase such cars. Indeed, if you are looking for some pre-owned or seized vehicles, you can have a better luck with car auctions, but that’s just it. On the other hand, if you are looking for high saving while purchasing a well-functioning car, there is another place to look out for — Salvage Auctions.
In this article, we discuss everything you should know about purchasing cars from salvage auctions. Starting with what these auctions are, we will also tell you whether it’d be possible to get an effective vehicle from a venture like this. Shall we start with a brief introduction to salvage auctions?
Salvage Auctions — an Introduction
Before we talk about salvage auctions, we have to talk about Salvage vehicles.
- Salvage-Titled Vehicles
Salvage is actually one of the many legal titles that are given to a vehicle, denoting its status and condition. When you purchase a brand-new vehicle from an authorized showroom, the vehicle will have a Clean title, which is considered the best. However, in the course of time, it may be subjected to damages, theft, confiscation or something else. And, in some cases, the damage is so notable that the insurance company would label it as a total loss. The Salvage title is given to a vehicle when an insurance company makes such a labeling.
- What Does Salvage Mean
So, the Salvage title means that the vehicle has been stolen, damaged, confiscated or something else. There are sub-titles for salvage, such as the Salvage rebuilt. However, the point is that dealers want to get rid of salvage vehicles as soon as possible. Also, since there is a noticeable amount of damage, the prices are going to be way lower than you expect. In other words, purchasing a salvage vehicle is one of the best ways to cut down your monetary budget when you need a car or any other vehicle. Of course, you will have to make a few changes and upgrades, but they are way cheaper than how much you’d spend on a new car.
- Salvage Car Auctions
As it happens, Salvage Auctions are special car auctions, where you can find salvage-titled vehicles from the different parts of the country. Different dealers may be participating in the auction, and both retailers and users can use this occasion to purchase their dream salvage car, without spending much. Compared to visiting a single showroom of salvage vehicles, this one offers better selection and choice. In addition, because dealers want to get rid of the vehicles as soon as they want, you are likely to have some better offers too.
Despite all these, there are a few core things you should know about salvage auctions and getting a vehicle from them.
You Can Expect the Best, Cheapest & Reasonable Rates
There is something truly interesting about salvage auctions.
The dealer wants to get rid of the salvage-titled vehicles as soon as they can. The buyer wants to get a dream car without spending much.
This scenario leaves a lot of scope for negotiation and bargaining. If you know a thing or two about the industry of salvage vehicles, there is a higher chance that you can save a lot of money. Even if the car damages seem to be quite minimal, you can save a few hundred dollars if you know how to bargain. So, there is no doubt that you can find your next bargain car at a good salvage auction.
Note: Some auctions are so profitable for you in that they sell based on volume and not an individual car. In the particular case, you are going to save even more money.
Minimal Repairs Should Be Enough, in Most Cases
Some people believe that they have to spend thousands of dollars in repairing a salvage car. That is one of the many reasons why they don’t go for this choice. However, realistically speaking, this isn’t true. Of course, we do agree with the fact that there are some really messed up salvage-titled cars. There is no point in buying one of those cars, either. However, at the same time, there are salvage cars that don’t require much of fixing.
This is why you should spend more time on inspection than the looks. The car might have a bad look on the exterior, but this doesn’t mean that it would cost a fortune to get it running. What happens in most cases is that insurance companies would devalue a car based on the exterior damage. As you can guess, if you go to one of the good unofficial stores, you can get the exterior fixed by spending a lesser amount.
You should consider getting an expert companion when you’re up for the salvage auction. Judging by deeper observation and skill, the expert can help you decide whether you should get one car.
The Note On Warranty
In most cases, salvage vehicles don’t offer any kind of warranty. Anything that happens after you purchase the vehicle is your responsibility, and solely yours. However, the lack of warranty can be a good thing as far as your lower budget is concerned. Since there is no after-sale responsibility for the seller, you are going to get a really good rate, which is yet another reason to go for salvage auction.
Considering all that we have said above, salvage auctions are indeed some great place to purchase the next bargain car. As we said, it’s not just about the possibility of having a wonderful car with minimal damage. In addition to that, you are likely to have some sure discount if you know how to bargain and get things done. So, if you don’t want to spend thousands of dollars for brand value, give salvage auctions a try.
Top Auction For Salvage Cars