Getting the best deal at car auctions

Vehicle auctions give you a wide range of options for used vehicles, whether you’re buying them for repair or stripping them down for parts. Since you’re buying early in the supply chain of vehicles that insurance companies auction off, you get the cheapest bids.

Apply the following tips before entering the world of used car auctions and get the right vehicles at the best prices.

– Investigation of brands and models. You can cut your search time in half if you know exactly what you need. Look for makes and models that are in high demand but relatively low supply in your local market. This will give you maximum pricing power. Similarly, if you’re looking for salvage vehicles for parts, aim for the salvage vehicles with the parts that are in the highest demand with the highest profit margins.

– Investigate the market. A good place to research the market for salvage vehicles is by looking through the sales data for the models you are interested in at wholesale vehicle auctions. Find a company that provides professional export services that also has an online system where you can access this data for free. When it’s time to buy, you can search these auctions and specialized salvage auctions in other countries.

– Consider high mileage vehicles. In addition to going with water or crash damaged vehicles at auto auctions, consider high mileage vehicles as well. Demand for vehicles reaching or exceeding 100,000 miles plunges into the used vehicle market and becomes a salvage grade value.

– Have an idea of ​​what it will cost to repair the damage to the vehicle. If you are buying salvage vehicles for repair, be sure to take a close look at the damaged areas of the vehicle and estimate likely repair costs before bidding.

– Have an idea of ​​the value of the pieces. Alternatively, if you are buying salvage vehicles to be dismantled, then it is best to estimate the value of the vehicle parts. Often you will be able to get complete salvage grade vehicles for around the value of the engine and transmission parts alone.

– Seek help from reputable sources. Finally, hire an exporting company that gives you the choice of all auction grades of quality used vehicles, from new to salvage, and can process your purchase orders, arrange trucking to the port, documentation and export to your destination.

These are simple but smart ways to get the best deal at auto auctions.