Salvage Auctions
helmut
01-22-2004, 09:08 AM
I was looking over the IAA auction list for my area and saw several cars of great interest. However, most states restrict the sale of salvage vehicles to licensed automobile dealers and dismantlers. This seems very unfair to me, the insurance companies could easily get more money from these vehicles by allowing the public to bid on them. Does anyone know if there is any way around this?
This is suppose to be the land of the free, but it is far from that. Once again our freedoms have a price tag attached to them.
This is suppose to be the land of the free, but it is far from that. Once again our freedoms have a price tag attached to them.
FireBball972
01-22-2004, 12:47 PM
they're probably on restricted access or something...idk
im just a CHILD!
im just a CHILD!
Cl0ak
01-22-2004, 03:46 PM
I never really looked into it, however if you really wanted to you could become a "licensed dealer" and claim your home to be your office. :p
Marc-OS
01-22-2004, 04:42 PM
My buddy gets cars from salvage auctions. He told me the only way to get 'em is to be friends with a dealer, or become a dealer.
matada
01-22-2004, 07:56 PM
Many auctions require a membership to attend. Quite often the membership process is really in depth and requires several referrals. Part of this is to insure that the salvage vehicles are not repaired and then sold by some shady dealer as a good vehicle with a clean title.
here, an auction license for the larger auction runs about 10k USD a year. But here you know that all the vehicles are of good quality with no odometer problems. To insure this, they first insure that the people who use the auction a reputable. If the general public were allowed access, there is no quality control or safeguards against fraud.
here, an auction license for the larger auction runs about 10k USD a year. But here you know that all the vehicles are of good quality with no odometer problems. To insure this, they first insure that the people who use the auction a reputable. If the general public were allowed access, there is no quality control or safeguards against fraud.
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