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Salvage Car Auctions and Insurance Auctions Roanoke VA

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.

Roanoke Auto Auction Inc
(540) 982-6640
1570 Underhill Ave
Roanoke, VA
 
Duncan Ford Mercury
(540) 483-0253
19999 Virgil H Goode Highway
Rocky Mount, VA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

Virginia Auto Inc
(540) 366-2773
2704 Williamson Rd NW
Roanoke, VA

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Henry's Auto & Trailer Sales
(540) 362-5109
4231 Williamson Rd NW
Roanoke, VA

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Rod Shop Inc 2
(540) 387-3700
1145 E Main St
Salem, VA

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Bryan Buchanan Auto Auction Inc
(540) 947-5594
1062 Mountain View Church Rd
Blue Ridge, VA
 
Bill's Auto Sales
(540) 344-9479
804 Tazewell Ave SE
Roanoke, VA

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Berglund Credit Line Used
(540) 343-4317
2016 Williamson Rd NE
Roanoke, VA

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Wheels Inc
(540) 362-8828
6626 Williamson Rd
Roanoke, VA

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Freedom Auto Sales
(540) 387-0001
610 West 4th Street
Salem, VA
 
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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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