Insurance salvage vehicles are cars or trucks that have been involved in an accident or have received some other kind of damage from a natural disaster or other causes. When an insurance provider assesses a vehicle for damage, if the amount of repairs is in excess of the actual book value of the vehicle, the vehicle is totaled and sold as salvage. Insurance salvage vehicles are sold to auction houses, car dealers, junk yards, and used car part sellers so the vehicles can be sold piecemeal for parts.
Why Purchase Insurance Salvage Vehicles
If you buy a salvaged car that is identical to the new car that you own, you can have a secondary source of parts on hand. You can remove the parts you need from the salvaged vehicle in order to keep your car in good working order in the future. Companies that have one or more cars can also benefit from investing in salvage cars or salvage car parts. By using salvaged parts to make repairs or to maintain your existing line of cars, a company can reduce the overall expense associated with maintenance and repair.
Junkyard operators also benefit from investing in salvage car options. The company operator can add salvage cars to their existing inventory and part the vehicle out for a profit. It is estimated that in most salvaged vehicles, at least seventy five percent of the vehicle’s components and parts can be reused. Further, after the vehicle has been stripped of all useable or resalable parts, the vehicle can then be crushed down with a crusher and the metal frame can be sold based upon the weight of the remaining metal.
Hobbyists also gain advantages from investing in salvaged cars or from buying salvaged parts. Anyone who likes rebuilding classic cars can turn to salvaged vehicles to locate difficult to find components or parts.
Pros And Cons Of Insurance Salvage Vehicles
Insurance salvage vehicles, when sold to auctioneers, are put up on the auction block for sale. Unlike new or used cars for sale by auctioneers, salvage vehicles have less in terms of bidder competition. This means that getting a salvage vehicle is often a lot easier than getting a vehicle that is used and operational. Salvage cars or trucks are priced well below the book value of a used car too, so you get extraordinary savings. Some salvaged cars are in good enough condition to be fully restored too; this notion appeals to the car remodeling or rebuilding enthusiast. Finally, when you are looking for salvaged cars, it is incredibly easy to find sellers that specialize in the sale of insurance salvage vehicles as well as auction houses putting salvaged vehicles up for auction.
When you buy salvaged vehicles, remember you get what you pay for. A salvaged vehicle has been damaged in some way and the type as well extent of the damage that occurred determines just how much of the vehicle is reusable for parts or rebuild-able. In addition, when you invest in a vehicle that has been salvaged, the vehicle has been assigned a salvage title. This document lets all buyers know that the vehicle has sustained some sort of damage. Bear in mind that it is often difficult for a car owner to find insurance coverage for a salvaged vehicle too. You should research your insurance options before pursuing a salvaged vehicle option.
Popular Insurance Salvage Vehicles Online
2008 Dodge Challenger
The 2008 Dodge Challenger is among the top three insurance salvage vehicles sold and purchased. When the 2008 Challenger was new, it was listed with a price of $40,095.00. The vehicle was entering into its third generation with 6,400 units pre-sold before the vehicle officially hit the market, and the vehicle sold over 17,000 units the same year. This vehicle has only increased in popularity since 2008, so it is often easy to find a few of these vehicles as salvage offerings.
2006 Honda Civic LX
When the Honda Civic LX 2006 model hit the market, like many vehicles manufactured by Honda, the vehicle was identified as a highly reliable, fuel-efficient offering. In fact, by the year 2006, Honda had sold 7.3 million units in the United States and 17 million units globally. This vehicle had entered into its eighth generation in 2006, and the vehicle was identified as the Motor Trend Car of the Year for 2006 as well as the Association of Automobile Journalists’ “2006 Car of the Year”.
2006 BMW X5
BMW sold 1,185,088 in the United states in 2006 and among the many models was the X5. The 2006 BMW X5 was eventually replaced by the E70, so salvaged X5 E53 offerings are popular for consumers seeking parts for the X5 today. From 2001 to 2002, this vehicle was the winner of the Best Luxury Four Wheel Drive vehicle award in Australia.
Find More Insurance Salvage Vehicles Online
QCSA Direct lists salvage vehicles from all over the US that are up for auction. You can register to use the site as a car dealer or as a non-car dealer. You get tax-exempt status if you prove your dealer status. You can search for salvaged vehicles based on the type of vehicle you are interested in and you can find out more details about upcoming auctions as well. For more information visit http://www.salvagedirect.com.
Auto Source lists more than fifteen thousand insurance salvage vehicles up for auction or sale. Auto Source has been selling salvaged vehicles since the 1970s and the company works with as many as 32 different insurance companies to get the best salvage options available. All of the vehicles are sold with applicable documentation and title. For more information visit http://autosource.biz/.
eRepairables.com has online filter tools so you can search for cars based on the manufacturer, or you can search for salvaged vehicles based on type. You can browse buy it now options, online and offline auctions, salvage cars for parts, or you can view private auction listings. You can register to use the site for free. For more information visit http://erepairables.com/.