Auto Leasing Guide
Go to LeaseGuide.com now !
» » ยป

Salvage Car Auctions and Insurance Auctions New Ulm MN

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.

Dick Olson Motors Inc
(507) 642-8888
84601 Olson Avenue
Madelia, MN
Services
SUV Repair,Truck Service Station,Van Dealers,Used Truck Dealers,Auto Dealers

Dick Olsen Motors
(507) 642-8888
84601 Olson Drive
Madelia, MN
Services
Auto Repair,Van Dealers,Used Truck Dealers,Auto Dealers

S & S Motors
(507) 354-8634
133 Zieske Rd
Courtland, MN

Data Provided by:
Insurance Auto Auctions
(877) 550-1262
1280 Jackson
Saint Paul, MN
 
Mid America Auction
(612) 788-7886
1025 Broadway St
Minneapolis, MN
 
Madelia Ford
(507) 642-3268
601 East Main Street
Madelia, MN
Services
Auto Repair,Auto Dealers

Dean's Auto
(507) 354-1100
1217 N Broadway St
New Ulm, MN

Data Provided by:
Insurance Auto Auctions
(877) 550-1262
1336 Jackson
Saint Paul, MN
 
Syverson Auction Service
(218) 998-3723
15668 175th Ave
Fergus Falls, MN
 
Minneapolis Auto Auction
(763) 425-7653
8001 Jefferson Hwy
Maple Grove, MN
 
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,...

Click here to read the rest of this article from Lease Guide