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

Salvage Car Auctions and Insurance Auctions Salem MA

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.

Jim Lamb Auto Auction
(508) 533-9700
732 Lynnway
Lynn, MA
 
Ira Motor Group
(978) 739-8600
99 Andover Street, # B
Danvers, MA
Services
Truck Service Station,Auto Dealers

Civic Center Honda Toyota
(617) 539-4460
96 Pauline Street
Winthrop, MA
Services
Emissions Testing,Auto Dealers

Albrecht Auto Group
(781) 933-1100
394 Washington St
Ste A1
Woburn, MA
Services
Clutch Repair,Fuel Injection Repair,Service Stations,SUV Repair,Used Car Dealers,Auto Dealers

Westminster Dodge Inc
(617) 288-3100
710 William T Morrissey Boulevard
Boston, MA
Services
Auto Body Repair,Truck Auto Body,Truck Dealers,Used Car Dealers,Auto Dealers

North Shore Auto Auction
(978) 356-7600
5 Turnpike Rd
Ipswich, MA
 
Atlantic Toyota
(781) 599-4922
671 Lynnway
Lynn, MA
Services
Auto Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Parts
(781) 935-7009
200 Cambridge Road
Woburn, MA
Services
Clutch Repair,Auto Dealers

Hondar House Inc
(617) 547-1950
227 Prospect St
Cambridge, MA
Services
Oil Change and Lube,AC and Heating Repair,Auto Repair,Brake Repair,Clutch Repair,Mufflers Repair,Auto Dealers

Shamrock Motors Inc
(978) 740-3200
108 Jackson St
Salem, MA

Data Provided by:
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