how do you go about buying cars from from insurance companies?

Question

salvage, water damage, etc. cars which people wrecked and insurance companies take and sell.

Answer 1

Well first off you have to be licensed to do so. You either have to have a state issued dealers license or own a salvage yard and have a salvage or dismantlers license. There are several salvage auction companies. www.copart.com
www.adesa.com and www.iaai.com. I don't know what your trying to do or why and maybe I don't want to, but here they are. Many of these cars are sold for use as parts cars.

Answer 2

Usually they wont sell them to you unless it is your car you're wanting to buy back. In washington they are sold at auction.Go to the insurance company and ask them what auction they sell them at. Most of the time those auctions are for dealers so you more than likely will need a dealers license. Plus with a dealers license you can buy and sell as many cars you want because some states limit how many you can sell in a years time without one.

The Definition Of An Auction
According to the dictionary, here is the definition of an auction:
auc·tion (ôk-shen), noun.
"A public sale in which property or items of merchandise are sold to the highest bidder."

Sounds simple enough, but this one word causes more excitement, confusion, hardship, happiness, disappointment, misconceptions, lying, and cheating than the word "love". When you take out an ad in the paper to sell your car, that's sort of an auction too, because you eventually sell it to the highest bidder.
The price you pay for the car is always higher than what you bid!
Don't forget that on top of your winning bid at the auto auction, there is usually a buyer's premium. Sometimes the premium is only a few hundred dollars, sometimes it's 5% of the winning bid, sometimes it's 10% of the winning bid. This means if there is a 5% buyer's premium and you just won the $20,000 bidding war on a used Lexus, you now have to pay $1,000 on top of that to the auction house running this car auction. When you're caught up in a bidding war, it's easy to forget that you have a buyers premium to pay also, and when you're done, the addition of the buyers premium takes the car over fair market value. Oops! The whole idea of an auto auction is to buy a used car at a significant savings below fair market value, otherwise you could just go buy that same car from a private seller, take your time, and do it right.

What About Buying Used Cars From Car Rental Agencies Instead?

Answer 3

Insurance companies don't want to mess with them and store them. so they send them to a local auction house.

Answer 4

Those are auctioned off ASAP. Look in local auction yards.

Answer 5

At auction

Answer 6

call up an insurance company and ask them.

Answer 7

Yes its a good option to get cheaper cars.

Answer 8

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