i want to buy a crashed cars how can i get the cars and the sellers requirements?

Question

preferably Toyota cars

Answer 1

In most states they require the buyer of "salvage" cars to be a salvage dealer or a licensed rebuilder. There are a number of salvage auctions around the US. Copart, IAA and Adessa auctions to name a few. The salvage rebuilding business is getting tougher and tougher each year. In NY you will need make an apointment to have the car inspected by the NYS police after it is finished. You will need to have receipts for every part you replaced to show them where the parts came from. I recently watched them saw the back of a town car off that a person brought in to be inspected because the rear clip was from a stolen car. The man who brought the car in was also "detained". Each state has different slavage regulations and between your local DMV office and the local salvage auction they can both point you in a direction. You mention Toyotas. remember your not the first person doing this. You will be bidding againt some big players in the business. Toyotas are hot and unless you have tons of parts you will not come out ahead. I have seen some people bid more for a salvage toyota camery or a Lexus then the car is worth retail. You have to use your head. Recently we bought 50 Ford taurus's ,2003-2006 model year, for 35,000 we made about 34 rental cars out of them. So we wound up having the cars w/labor for about 2000 each. No one wants the taurus's and they make great cheep used cars. I personally drive a loaded 2006 ses that was hit in the door we paid less then 4000 for. we pulled the door post and hung two new doors in total we have about 5000 invested in the car in parts and labor. Most salvage auctions have on line bidding where you can view whats going to be auctioned before it happens. This is not open to the public though you must be a dealer to bid. Again I can't stress how strict the states are getting when it comes to salvage cars. Some states will not let them back on the road and some insurance companys will not insure them for collision coverage.Try to view it from the insurance companies eyes. Why would you want to insure again a car you paid off then sold at auction? If the customer totals it you just bought the same car twice.

Answer 2

I went by way of a transaction very similar to yours. I contacted the financial institution he had his mortgage by way of. They gave me his account quantity and instructed me to make the cashiers investigate out to them. This used to be all performed after the individual I used to be making the acquisition from known as the financial institution as good. He allow them to realize I used to be shopping the vehicle. He bought the banks fax quantity. We met at our neighborhood library so the financial institution would fax us papers to signal, they had been of the sale and name switch. We each signed and faxed them again. I then mailed the cashiers investigate immediately to his financial institution, I additionally integrated copies of the papers we each signed simply to be risk-free. The financial institution then despatched me the name, with my identify crammed in at the consumers line. I then had to return to this man and feature him signal off at the name as good. It used to be time drinking and really complicated. But no less than I used to be blanketed. It might were a LOT less complicated if the financial institution might were a neighborhood one wherein we would have simply long past in and completed this in a single seek advice from! I wish this used to be fairly useful. If I had this to do all over again... I would not! It all grew to become out ok, however took nearly four weeks to whole the transaction!