Top 10 Salvage Auto Auction Sites (PDF)

Top 10 Salvage Auto Auction Sites
Tips for Buying a Salvage Vehicles on an Auction Website
Did you know that there are over 3.5 million vehicles deemed total-losses each year
in the United States? According to the Insurance Auto Auctions, Inc. (IAA), this
number continues to grow year after year. There are many reasons these vehicles
are classified as total-losses and these types of vehicles could prove to be a
“diamond in the rough” for many buyers once they understand a little more about
these vehicles and the purchasing process.

What does “salvage” mean?
A salvage title is a form of vehicle title branding. A vehicle is classified as salvage
for many reason such as it’s been in an accident (natural, such as a flood, or manmade, like a car wreck) and the insurance company considers it a total-loss (usually
this is when the damage to the vehicle exceeds approximately 75% of the value of
the car), it was stolen, repossessed or perhaps the owner did not renew the vehicle’s title. Every state, province or territory has their own set of criteria for this
classification. eRepairables.com, a leading salvage vehicle selling site, provides
these other possible reasons a vehicle was deemed salvage or total-loss.
Once deemed a total-loss, the state’s motor vehicle agency will usually then issue a
“salvage certificate” to the vehicle, meaning that it cannot be driven, sold or registered in its current condition.
Top 10 Salvage Auto
Auction Sites

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Why does a salvage vehicle offer?
Auto body shops, salvage buyers, car dealers and consumers can all find something
to gain from these vehicles at a great price. Body shops may be looking to expand
their inventory, consumers may be working on a project or a first time buyer may
find a very economical vehicle.
If you do decide to look for a vehicle to rehabilitate, rather than recycle the parts,
be sure to check what paperwork each state needs.
Visit http://www.dmv.org/salvaged-vehicles.php to find out more information on
each state’s requirements.
Top 10 salvage vehicle websites
Below, you’ll find a list of the top 10 salvage auto auction sites. Keep in mind that
each site has different steps to register and purchase so you’ll need to do some
initial research into which site offers you the services and vehicles that best meet
your needs.

Top 10 Salvage Auto
Auction Sites

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© 2016 Public Auction Finder

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1. Copart www.copart.com/
Around since 1982, Copart provides vehicle sellers with a full range of remarketing
services to process and sell salvage and clean title vehicles to dealers, dismantlers,
rebuilders, exporters and, in some states, to end users. They sell vehicles on behalf
of insurance companies, banks, financial institutions, charities, car dealerships, fleet
operators, vehicle rental companies, as well as vehicles sourced from the general
public.

Top 10 Salvage Auto
Auction Sites

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© 2016 Public Auction Finder

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2. IAAI https://www.iaai.com/
Insurance Auto Auctions, Inc. (AAI) has been one of the leaders in the salvage auto
auction industry since 1982. They work with a variety of sellers including insurance
companies, dealerships, rental car companies, and fleet lease companies,
to facilitate the sale of total-loss vehicles.

Top 10 Salvage Auto
Auction Sites

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© 2016 Public Auction Finder

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3. eRepairables https://erepairables.com/
Started in 2002, eRepairables.com offers potential buyers access to thousands of
salvage and recyclable trucks, motorcycles and cars for sale. They allow both licensed salvage dealers and non-licensed to bid and you can submit your maximum
bid and their system will do the rest.

Top 10 Salvage Auto
Auction Sites

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© 2016 Public Auction Finder

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4. RideSafely www.ridesafely.com/
RideSafely Auto Auction is a salvage vehicle broker that offers used vehicles such as
rebuildable cars, SUVs, motorcycles, and trucks with various damages from
insurance losses. They also offer inexpensive used cars for sale that carry clean
titles such as lease returns, former rental cars, and bank repossessions.

Top 10 Salvage Auto
Auction Sites

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© 2016 Public Auction Finder

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5. Autobidmaster http://www.autobidmaster.com/
Here you can bid live on more than 130,562 cars, trucks, SUVs, boats, and motorcycles and allows to purchase auction vehicles without a dealer’s license. You can
try this site free for 30 days.

Top 10 Salvage Auto
Auction Sites

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© 2016 Public Auction Finder

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6. Salvagebid http://www.salvagebid.com/
Salvagebid is an online auto auction marketplace that provides the general
public access to auctions that were previously only available to licensed auto
dealers. They allow a basic membership for free.

Top 10 Salvage Auto
Auction Sites

PublicAuctionFinder.com
© 2016 Public Auction Finder

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