The Purpose Of The Salvage Car Auction

The Purpose Of The Salvage Car Auction



Salvage car auctions are becoming big business in​ America today. In​ todays more ecologically considerate world where Reduce, Re-use, Recycle has become a​ catch phrase, recycling of​ salvage vehicles has become a​ major player in​ saving our ecology. the​ salvage car auction offers a​ great way for​ salvage yards to​ buy damaged vehicles for​ their recycling purposes. Most generally these salvaged vehicles are taken back to​ salvage yard and​ parted out before the​ left over husk of​ the​ vehicle is​ crushed and​ generally sent off to​ be melted down to​ make new metal products. Thus the​ lawn chairs sitting on your patio, in​ another life, could have been your first car that you wrecked on prom night.

What is​ a​ Salvage Car Auction?

So what is​ a​ salvage car auction? Basically most of​ the​ vehicles brought up for​ sale at​ a​ salvage car auction are from insurance claims. When a​ car is​ involved in​ an​ accident, the​ insurance company takes a​ look at​ the​ damage to​ the​ vehicle and​ other factors such as​ the​ age of​ the​ car and​ the​ Kelly Blue Book value. if​ the​ estimated cost of​ repairs to​ the​ vehicle is​ more than the​ value the​ insurance company assigns to​ it, then the​ vehicle is​ considered totaled and​ the​ insurance company buys the​ vehicle and​ salvages it.

The interesting point to​ all this is​ that insurance companies then sell these cars at​ a​ salvage car auction and​ these cars can be bought very inexpensively. What makes this such a​ great deal is​ that, while most of​ the​ cars that come thru a​ salvage car auction are destroyed beyond repair, some vehicles with very minor damage are considered totaled due to​ the​ age of​ the​ vehicle or​ the​ expense of​ a​ particular repair. Many times a​ summer hailstorm near a​ new car lot will result in​ a​ huge loss for​ the​ insurance company and​ a​ large number of​ cars that are mechanically sound but suffer from cosmetic damages. What does this mean for​ you?

What it​ means is​ that you can buy a​ new or​ nearly new vehicle for​ a​ very low investment at​ a​ salvage car auction so long as​ you can deal with the​ minor cosmetic flaws such as​ dinged paint or​ chipped windshields. So it​ is​ quite easy to​ see that salvage car auctions serve a​ purpose in​ our society and​ can make for​ some wonderful savings.




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