Car Salvage Auctions - Bargain Cars or Not?

The company attempts to recover some of its money by selling the vehicles, usually at salvage auction through an insurance salvage auction company.
The dealer's insurance company decided to declare all of the cars as total losses and paid the dealer. The insurance company then became the owner of the cars, some with major water damage and some with almost no damage. The company will sell the cars at auction with salvage titles. Smart buyers can pick up the cars, often at bargain prices, and repair them to resell or drive as their personal cars.
he insurance company paid the customer the cash value of the car. A few months later, the car was recovered, in good shape, and the thief was arrested. However, the car, with a salvage title, now belonged to the insurance company who now wanted to recover some of its money by selling the vehicle at salvage auction, or to a broker who would then resell the car.buy totaled and recovered-theft vehicles from insurance companies and auctions them to rebuilders, used-car dealers, parts dealers, and the public. Most of the vehicles are total-loss vehicles, meaning it would cost insurance companies more to repair them than to sell for salvage. Others are vehicles that were stolen but recovered after the insurer had settled the claim.
Insurance auctions and salvage vehicle auctions are held almost every day at various locations around the country. National companies such as IAA, ADESA, and Salvage Direct conduct the auctions at auction sites that are typically located in or near large cities. Many auction companies are local or regional, such as Auto Salvage Auctions, Inc, in Michigan and Midway Auto Salvage Auctions in Arkansas and Mississippi.