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Salvage Car Auctions and Insurance Auctions Pekin IL

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.

Morton Auto Auction
(309) 263-7467
410 Erie Ave
Morton, IL
 
Ray Dennison, Inc.
(309) 347-3101
2320 N. 8th St.
Pekin, IL
 
Uftring Auto Mall
(309) 694-0700
500 Fairlane Dr.
Peoria, IL
 
Uftring Nissan
(309) 690-6200
7400 North Allen Road
Peoria, IL
 
Pearl Automotive Group (Peoria Toyota Lexus
(309) 689-3000
7301 N. Allen Road
Peoria, IL
 
Court Street Park & Sell
(309) 346-9753
1227 Court St
Pekin, IL

Data Provided by:
Walters Brothers Harley-Davidson
(309) 697-1917
615 S. Maxwell Rd.
Peoria, IL
 
Chris Clark Cars
(309) 263-2272
250 Detroit Ave
Morton, IL

Data Provided by:
Neil Norton Cadillac - Pontiac
(309) 686-7099
1600 W War Memorial Drive
Peoria, IL
 
Jaguar Land Rover of Peoria
(309) 690-6100
7300 N. Allen Road
Peoria, IL
 
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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