How to buy Salvage Cars

Buying Salvage Cars at Auction

Car auctions are everywhere, most people believe that they are closed to the public and many of them are, however a large percentage are open to any qualified buyer.  What types of auctions for salvage cars are available to the average car buyer?

car auction

Bankruptcy auctions when individuals go bankrupt often the court trustee will hire an auctioneer to liquidate their assets.  Cars are often included; it is amazing the deals you can find and let me tell you these are not necessarily salvage cars.

Business Liquidation auctions, similar to bankruptcy or often as well auctions are held and truly everything must go.  That mean business cars and vehicles.  Once again the bargains that can be had at these auctions rivals what you would expect to pay for salvage cars but they are not salvage they are great cars.

Police Auctions, these are vehicles seized as a result of someone breaking the law.  Another excellent source of cheap cars among other things like jewelry etc.

Dealer auctions, there are auctioneers all across the country that run weekly auctions selling 100-200 cars a week.  These auctioneers sell 1 car about every minute.  Believe me when I tell you that you can get great cars at salvage cars prices.  You simply need to search for these auctions call the ask if non dealers can attend.  Ultimately you will be surprised to find out that the answer is yes.  The auction companies just want to sell the car to any qualified buyer.  Be sure and have the cash in your pocket though.

Government Auctions believe it or not the government has finally gotten is act together and now posts all of their auctions online in timed online bidding.  Before you go anywhere this is a great resource.

Last be sure and do you homework on the wholesale value of the vehicles you are bidding on.  This is an auction; you should not pay retail for anything.  After all you can do that a used car lot.  Remember if you don’t find anything you like in your price range there is always next week.  Use discipline when buying salvage cars at police, dealer, government or bankruptcy auctions.

I hoped this article was of some help you. Good luck and happy salvage car bidding.