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
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