How Do You Buy Wrecked Cars From Insurance Companies?
Purchasing a wrecked car from an insurance company might be a way to get a good deal on a vehicle. However, insurance companies sell vehicles that have not only been wrecked, but also completely totaled. This occurs when the cost to repair the vehicle is greater than its salvage value, which forces the insurance company to take possession of the vehicle. You will need to apply the philosophy of “Buyer Beware” in this type of transaction. If you are still interested in finding an insurance company vehicle, there are a few resources you can utilize. Conduct an Internet search for the companies who host salvaged vehicle auctions. Companies such as IAA, ADESA and Salvage Direct (all three are listed in the resource section at the end of this article) hold auctions at locations that are usually near large cities. Review the descriptions of the vehicles available for auction. The vehicle description should include details regarding the condition of the vehicle and may also indicate the reaso
