By Alexo - August 8th, 2013 05:55 AM
Did you know that auto insurance companies buy and sell cars and other vehicles? Yes it is true. These are cars or vehicles that have been stolen, wrecked or flooded but are still functional. This means that when a car has been declared totaled, the auto insurance company pays the car owner of the actual cash value of the totaled car. The insurance company then owned the car and to make the most of their investment, they would want to sell the car at a much cheaper price.
Many of these cars only have minor damage or have been recovered from thieves undamaged but are considered totaled. The auto insurance companies then sell these cars to salvage auctions companies.
Fully Functional Cars at Bargain Prices at Salvage Car Auctions
Salvage car dealers will then open the totaled, flooded and recovered from theft vehicles and cars to the general public for auctions. This means you can own and buy a car at the price you are willing to pay. You can avoid inflated and mark up prices which are common in buying brand new cars especially at car showrooms.
You can even save farther on cost because some salvage car dealers eliminate the middle man, so you are dealing directly with them. As a result you will be getting more value for what you are paying for.
Online Salvage Vehicle Auctions
The most convenient and easiest way to participate in a salvage car auction is through the internet. Many decent salvage car dealers have a website that features all the cars and vehicles in their yard and offers an online bidding process. However, you need to remember always to read first the terms and conditions of their auction process before bidding for the car that you want to buy. In this economy where there is a huge demand to find cost-saving solutions to your purchasing needs, it is possible to find outstanding car deals at bargain prices if you know where to look for them.
To give you a head start, you can browse thousands of fully functional salvage cars with rebuildable salvage titles and clean titles at
Salvage World.
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