How Junk Yards And Salvage Yards Can Be A Source Of Bargain Vehicles

Junk yards offer vehicle owners a way to pick up cheap spare parts for their vehicle, and they also provide part of a method for getting a bargain vehicle in the first place. This is all made possible by the system which is in place for disposing of vehicles which are no longer roadworthy. This system is laid down by the state legislature and enforced by the insurance companies. When a vehicle has gone beyond the stage where it can be repaired, it is given a title of “scrap.” This title is permanent, and the vehicle can never be driven on a public road again.

The salvage title operates in a different way, and this can be the key to picking up bargain vehicles. When there is an accident, and a vehicle is damaged, the insurance company has to assess the expense of repairing the damage. If this estimate is above a certain percentage of the value of the vehicle, the insurance company will write the vehicle off. That percentage is typically around 75%, but it can vary from state to state. Salvage title vehicles are not permanently banned from public roads.

When a vehicle has been written off as salvage, the insurer then has the job of trying to get back what they can on the vehicle as quickly as possible. Occasionally, they will get lucky, because the owner will decide to buy out the insurance company and repair the vehicle at their own expense. More usually, the vehicles go for auction at specialist trade auctions which are not open to the public. The public can still bid at these auctions by appointing third parties to bid for them.

The salvage yards represent an opportunity to pick up a bargain vehicle, because most of the lots will sell at trade prices to dealers who are looking to make a profit. These prices are low, because many of the vehicles will be written off as unusable. The parts from these vehicles which are still in working order will be used to repair other vehicles. If you can pick up a vehicle from a car salvage auction, you can also repair it with parts from a junk yard.

Modern junk yards are far removed from those of the past. No longer are you expected to spend hours searching through the worn out wrecks of old vehicles looking for something you might possibly be able to use, as modern computer systems make everything easily available to you. The yards know that they can make quick and easy sales by making the buying process as easy as possible, and that is exactly what they do. You can easily pick up a bargain vehicle by buying from a salvage auction, and then repairing it with spares from junk yards.

 


 

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Salvage Yard News:

 

Lincoln Mother of Son with Congenital Heart Disease Gets Free Vehicle - NBC Nebraska

NBC Nebraska

Lincoln Mother of Son with Congenital Heart Disease Gets Free Vehicle
NBC Nebraska
Greg Petersen, co-ower of Silver Hammer CARSTAR, stated body shops frequently see cars that are written-off or totaled by either the owner or the insurance company and sent to salvage yards. EURœMany times all these vehicles need is some body work, .

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Maximising Value from Salvage Assets - SYS-CON Media (press release)

Maximising Value from Salvage Assets
SYS-CON Media (press release)
Removing the salvage vehicles from the insurance facilities and negating the need for land to be leased by insurers, thus cutting operational costs. Copart also has a vested interest in maximising the value of the ultimate sale and therefore it is in .

and more »
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Commission OK's zoning change for salvage yard
The Torrance County Commission meeting was stacked high with agenda items on Sept. 24 due to an emergency cancellation of the Sept. 10 meeting...


The Ins and Out of Auto Salvage: A Beginner's Guide - Automoblog.net (blog)

Automoblog.net (blog)

The Ins and Out of Auto Salvage: A Beginner's Guide
Automoblog.net (blog)
Auto salvage is the practice of taking unwanted, used, wrecked or junk vehicles stripping them of all usable parts and components, which are then refurbished, sold, or recycled. This term applies to basically any vehicle that is being taken off the .

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AUTO RACING: Give the gift of speed - The Times Herald

AUTO RACING: Give the gift of speed
The Times Herald
Here is the opportunity to take a high speed ride on the drag strip at Maple Grove Raceway. As a conclusion to their most successful season since opening in 1997, Pure Speed Drag Racing Experience is offering a variety of deals for the Christmas season.

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