The auctions offer clean and salvage titled cars to licensed buyers at nominal prices. With an aim to widen the spectrum of the target audience, auction houses, along with registered brokers allow the general public to participate in online auctions that were initially limited to licensed auto dealers. The large selection of vehicles includes wrecked cars, flood damaged vehicles and theft recovered cars located at more than 500 auction locations. The vehicle list is updated on a weekly basis.
Online car auctions are ideal for auto dealers, recyclers and rebuilders searching for a variety of vehicles at extremely low prices. The fully searchable database offers a great bidding experience to beginners as well as experienced auction buyers. For sellers, the online platform offers immediate audience of more than 10,000 buyers to promote the sale of slightly damaged as well as total loss cars. A variety of brands including Ferrari, BMW and Mercedes are available.
As a buyer, you need to focus on the following for a profitable purchase:
- Confirm the authenticity of the registered broker’s site: Most of the auto auctions are limited to licensed auto dealers. However, members of the registered broker’s site can participate in auto auctions. A dealer license is not required for the same. Members can get information about the latest auto auctions.
- Refer to the terms and conditions: Some of the registered brokers offer free membership.
To participate in an auction a refundable security deposit has to be paid. Bidders should go through the terms and conditions before bidding. - Gather information about the vehicle you wish to bid on: Most of the registered brokers offer basic vehicle details including, damage type, loss type, actual value of the car before damage and other details. Detailed images of vehicles are also provided.
So, if you wish to buy a salvage car, just log onto the internet, visit an auto broker’s site, take part in an online auto auction and take home a salvage vehicle at an extremely low price.