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Salvage Car Auctions and Insurance Auctions Rio Rancho NM

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 Auctions
(877) 550-1262
4400 Broadway
Albuquerque, NM
 
Acme Auto Auction Inc.
(505) 877-4073
8705 Broadway SE
Albuquerque, NM
 
Cross Country Auto Sales
(505) 314-2020
9790 Coors Blvd NW
Albuquerque, NM

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Alex Auto Sales
(505) 343-8707
2909 2nd St NW
Albuquerque, NM

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Elite Auto
(505) 244-1183
3219 Claremont Ave NE
Albuquerque, NM

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Albuquerque Auto Auction
(505) 242-9191
3411 Broadway Blvd
Albuquerque, NM
 
Larry H Miller Used Car
(505) 821-0979
5995 Alameda Blvd NE
Albuquerque, NM

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Lexus Of Albuquerque
(505) 341-1600
4821 Pan American West Fwy NE
Albuquerque, NM

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Affordable Auto-Truck Cnnctn
(505) 884-1439
2601 Menaul Blvd Ne
Albuquerque, NM

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Blayne's Auto Superstore
(505) 880-0800
4700 San Mateo Blvd NE
Albuquerque, NM

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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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