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Salvage Car Auctions and Insurance Auctions Bassett VA

Read on to learn how to find cheap salvage and totaled cars being sold at auction by insurance companies. Learn about salvage auctions, insurance auctions, and buying theft-recovered vehicles. Find great project cars for sale and totaled cars for sale.

Duncan Ford Mercury
(540) 483-0253
19999 Virgil H Goode Highway
Rocky Mount, VA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

Richmond Auto Auction
(804) 232-7355
3800 Deepwater Terminal Rd
Richmond, VA
 
Ins Auto Auctions Inc
(757) 595-8493
211 Production Dr
Yorktown, VA
 
Rollen Charls Auto Marts
(434) 821-5080
7823 Wards Rd
Rustburg, VA
 
American Auto Auction Llc
(757) 485-3342
3856 S Military Hwy
Chesapeake, VA
 
Randy's Auto Sales
(540) 483-1123
1565 Franklin St
Rocky Mount, VA

Data Provided by:
Nw Public Auto Auction
(360) 312-8643
7823 Wards Rd
Rustburg, VA
 
Seven Cities Auto Auction
(757) 455-5062
1195 Lance Rd
Norfolk, VA
 
Va Tn Auto Auction
(276) 591-1795
15310 Lee Hwy
Bristol, VA
 
Woodbridge Public Auto Auction
(888) 478-8815
9401 Peabody St
Manassas, VA
 
Data Provided by:

Salvage Car Auctions and Insurance Auctions

Auto insurance companies buy and sell cars? It's true. However the cars are those that have been wrecked, weather damaged, or stolen, meaning that the insured owners of those vehicles have been paid by the insurance company after the vehicles have been declared total losses (totaled). The company attempts to recover some of its money by selling the vehicles, usually at salvage auction through an insurance salvage auction company.

Bargains at salvage auctions
It is possible to find outstanding bargains and relatively cheap cars by knowing how insurance salvage auctions work and where to find them. In many cases the cars are in great shape and need little or no repairs. Salvage and totaled cars can often make great project cars.

Examples
A large
car dealer in Texas had most of his new cars partially under water during a recent flood. 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.

Another example: An insurance company's customer had his new car stolen. The police were unsuccessful in locating the vehicle. The insurance company paid the customer the cash value of the car. A few months later,...

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