How to Buy Smashed Cars From Insurance Companies
Smashed cars from insurance companies are known as salvage vehicles. These can be previously stolen vehicles that have been recovered or vehicles that have sustained various types of damage. Many times damaged vehicles can be repairable, but not always. Insurance companies normally resell these damage or reclaimed vehicles at various insurance facilities that are located nationwide. You typically cannot purchase these vehicles directly from an insurance company but you can purchase them through an auction.
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Instructions
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Access an auction site online such as Insurance Auto Auctions (see Resources).
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Click on the "Get Started" button on the main page to start the process.
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Click on the "Registration Page" link and complete the online form. You can register as a Licensed Business Buyer, Public Buyer or a Guest.
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Use the Vehicle Search option on the site to find a specific type of vehicle. You can also view inventory highlights by viewing Featured Vehicles.
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Bid on the vehicle that you have found on the site. You can bid online, in person or use a pre-bidding/proxy representation process.
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Make the payment for the vehicle if you are the winning bidder. You can make a payment by a wire transfer, in person or by postal mail.
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Make arrangements to pick up the vehicle or have it delivered.
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Tips & Warnings
Vies the Auction Tips and Tricks page for tips on the bidding process and payment options that are available. The proxy representation process is when an authorized representative makes a bid for a vehicle on your behalf.
Online auctions are similar to most other types of auctions, which means you may not be the winning bidder for the vehicle that you want.
