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Salvage Car Auctions and Insurance Auctions Clark NJ

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.

INSURANCE AUTO AUCTION
(877) 550-1262
700 Federal
Carteret, NJ
 
Car Tech Auction Inc
(732) 680-0600
87 Rudolph Ave
Rahway, NJ
 
New Jersey State Auto Auction
(201) 200-1100
375 State Rt 440
Jersey City, NJ
 
Car Tech Auction Inc
(732) 541-7500
528 Morristown Rd
Matawan, NJ
 
Adesa Auctions New Jersey
(908) 725-2200
200 N Main St
Manville, NJ
 
INSURANCE AUTO AUCTIONS INC
(877) 550-1262
426 Texas
Morganville, NJ
 
Wholesale Auto Group Of New Jersey
(908) 354-6888
537 Spring St
Elizabeth, NJ
 
Ibid Motors Llc
(908) 647-2700
106 Allen Rd
Basking Ridge, NJ
 
New Jersey State Auto Auction
(201) 200-1100
406 Sip Ave
Jersey City, NJ
 
Auction Price Auto Sales Co Inc
(718) 238-9833
6313 Fort Hamilton Pkwy
Brooklyn, NY
 

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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