| Auto auctions are great venues for finding stellar | | | | salvage yards, dismantlers, scrap metal dealers, and |
| deals when you're looking to buy a used car. But you | | | | the like. But on occasion there may be public auctions |
| may also run the risk of getting a car that is not in | | | | as well. This usually involves vehicles that are not so |
| such good working region. This is certainly a risk you | | | | damaged as to be practically scrap metal. The cars |
| will run if you decide to participate in an insurance car | | | | for auction are still wrecks, but they may have |
| auction. The main reason a car would be in such an | | | | salvageable parts. Indeed, some cars, if auctioned off |
| auction in the first place would be due to its being | | | | to an auto shop that carries a lot of parts, may even |
| damaged in an accident. Therefore you should know | | | | be made to work again with a massive overhaul. |
| a few facts about insurance auctions for vehicles. | | | | It should be clear that an insurance car auction is not |
| There are different types of auto auctions, you see. | | | | for the casual auto buyer. The people who can |
| An auction may consist of government seized cars | | | | benefit from such auctions are those who have |
| and vehicles repossessed by lending institutions. | | | | certain specialties. As noted above, an owner of a |
| There are even auction lots that specialize in classic | | | | mechanic's shop would have a major advantage in |
| or luxury vehicles. But an insurance auction handles | | | | having the expertise, the equipment, and the parts |
| cars that have been involved in traffic accidents. | | | | to get a severely damaged car back in working |
| These cars were declared by their owners to have | | | | condition. Even so, the car would never be in a |
| been wrecked beyond reasonable repair. In other | | | | first-class condition again. |
| words, the vehicles were totaled. In such cases, the | | | | So why would you want to buy such a car, if you |
| insurance company, following their policy guidelines, | | | | cannot get it to run as good as it did before? There |
| must pay the car owner the relevant insurance | | | | are a number of possible reasons. One good reason |
| amount for the wrecked auto. Since the owner has | | | | is that it may be the only way someone can get to |
| no further need of the car, the insurance company | | | | own a rare vintage automobile. Even a badly |
| will take possession of it and then attempt to | | | | damaged classic car may be recoverable, at least in |
| dispose of it through an auction. | | | | appearance. In such a case, the working condition of |
| The insurance auction of cars is generally not open to | | | | the car is less important than its collectibility and |
| public bidding. This type of auction is normally held for | | | | nostalgia value. |