Salvage Car Auctions and Insurance Auctions Birmingham AL
Center Point, AL
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.
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,...
Alabama International Auto Show
Dates: 11/13/2014 – 11/16/2014
Birmingham-Jefferson Convention Complex Birmingham
2100 Richard Arrington Jr, Blvd. North
Alabama International Auto Show is a four day event that will be held in Birmingham in the United States of America. The show helps in the development of the sector and also promotes the industry significantly. It helps the professionals and experts of the industry to connect and interact with each other and also enhances the sector and its business ideas and strategies. It helps the professionals to discuss about the latest developments and trends of the sector. Alabama International Auto Show assists the exhibitors to connect and interact with each other along with networking with the attendees through which they enhance their business prospects and opportunities. The exhibitors of the show also will showcase a number of products and services in front of the large number of attendees.