When you check out a car auction for the first time, there can be thousands of vehicles to choose from. Unfortunately, if you’re not experienced and don’t know what to look out for, you may find it hard to see value in any of them.
There are plenty of car auctions nationwide that are selling cars of all kinds, including robust outlets like SCA auctions. They have a variety of SCA salvage cars for sale, along with plenty of rebuilt cars for sale that are still highly valuable.
If you’re ready to browse salvage vehicles at auction, there are several key hints on determining whether a salvage car has value that you should keep in mind. Doing so will get you the most bang for your buck.
Discover the Wholesale Value of Your Car
Discovering the wholesale value of your car is one of the first steps to finding its value. When an insurance company declares a vehicle a total loss, the value of the vehicle changes, meaning you have to research online to find a common price given to that particular car model with a Salvage Title. Also consider the model’s year, make, and mileage.
You can find the price of any model on a website like the National Automobile Dealers Association Used Car Guide.
Figure Out the Market Value
After you discover the wholesale value of your car, you need to figure out the market value too. Unfortunately, it can be difficult to determine the value of your car, because not every state or car dealer has the same price available. Furthermore, most dealers do not even sell or accept salvage title cars.
Determine the Resale Value
After finding out the market value, you can finally determine the resale value. Resale value is one way to determine a salvage car’s worth if you intend on reselling it, which you can find by researching what the vehicle resells for in the real world.
A car dealer determines a vehicle’s value by giving it safety checks, inspecting any damage, and exploring its features. If the vehicle passes every test and looks good to the car dealer, it will have a higher resale value.
Consider the Worth of Your Salvage Car
Make sure you have a bill of sale, proof of your salvage title, and pay off or remove any existing liens. When you have resolved these things and obtain a rebuilt title you should be able to get insurance for your vehicle.
Talking to insurance and getting coverage for your car helps determine its worth. Call an insurance company, ensure you have the important documents mentioned, and determine if your vehicle is roadworthy.
The Best Car Auctions with Valuable Cars
If you’re in the market for a salvage car that still has value, there are plenty of car auctions for you to check out. Some of the best options available today are listed below.
SCA Auctions is an online public auto auction that sells thousands of vehicles nationwide which are located all over the US at over 200 locations. This online auction has many great features such as preliminary bidding, “Buy It Now” and even live virtual bidding available daily. They also have great customer support that will ensure your purchase goes smoothly.
SCA auction cars are available for sale daily, featuring many makes, models and vehicle types for sale. If you’re not interested in salvage title or junk cars, there are plenty of rebuilt cars for sale as well.
Speed’s Auto Auction
Speed’s Auto Auction is an online auction known in Portland for wholesale and used cars. This is an online auction with many vehicles available, as well as raffles that give users discounts.
This is a great auction to go to if you want to find valuable and cheap cars to sell or keep. If you don’t want a car anymore, you can donate or sell it there.
Orlando Longwood Auto Auction
The Orlando Longwood Auto Auction is a popular Floridian auction among locals; it is an online auction where you can get junk cars at low prices. They also hold various social events and have robust online features for you to find specific cars.
This is an auction that wants customer satisfaction and retention, meaning you will have your questions answered and dealers available to help you.
CarMax Auctions sells cars online, and in-person nationwide, meaning this online auction is guaranteed to have vehicles with various levels of value. On top of this, CarMax Auctions are also dealer friendly.
CarMax Auctions is a good place to meet up with professional dealers and communicate with them. If you want to know the value of your cars, this is a great location to find out.
Finding Value in Salvage
Determining the value of your salvage car is time-consuming, but it can be well-worth the trouble. Once you know the true value of a salvage car, you can then sell it without a problem.
With the right research, you can get an amazing deal and save plenty of money in the process. By keeping the advice above in mind when buying, you’re bound to get a valuable salvage car for sale that you can use or sell for profit later.