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:

 

If you've driven on Jefferson Davis Highway, then you've probably seen this salvage yard
People are voicing their concerns about B & W Salvage yard on Jefferson Davis Highway. The business has been in town for more than 50 years, but some folks believe the property hasnt been properly maintained. ..


Three More States Help Problem Credit Car Buyers - Auto Credit Express (blog)

Auto Credit Express (blog)

Three More States Help Problem Credit Car Buyers
Auto Credit Express (blog)
Most of these dealers have been serving their communities for years and their special finance departments work with subprime lenders that refuse to finance used cars with EURśbrandedEURť titles (such as those with flood damage or salvage titles).

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Racine woman gets probation for selling man's pickup to salvage yard after . - Madison.com

Racine woman gets probation for selling man's pickup to salvage yard after .
Madison.com
About a week later, on March 17, an officer found the truck at Sturtevant Auto Salvage, 2145 N. East Frontage Road, in Mount Pleasant, according to police reports. A Racine County Circuit Court employee, whose father owned that pickup, told .

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7/11-12: Fifth National Collector Car Appreciation Day - azcentral.com

azcentral.com

7/11-12: Fifth National Collector Car Appreciation Day
azcentral.com
Her father, Joe Perry, owned auto salvage yards and dealt in used auto parts in the Perrys' hometown of Harvey, Ill. "That's where I got my start in the hot-rod lifestyle," Nancy said. "I've been around cars for more years than I can remember, or care .

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Auto salvage company coming to Bergen - The Daily News Online

Auto salvage company coming to Bergen
The Daily News Online
BERGENEUR” A national car salvage company is moving its operation from Rochester to Genesee County. The Genesee County Economic Development Center Board of Directors approved the sale of 30 acres of land at Bergen's Appletree Acres Corporate .

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Johnson takes 4th NeSmith DLMS win at Arkadelphia - Access North Georgia

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Access North Georgia
The first of six caution flags came out on lap 12 when Michael Blount of Sumrall, MS stalled the Lamar Auto Salvage Trak-Star on the front straightaway with power steering belt issues. Johnson had Edge, Dunn, Biles, McRee, Noah, Brindle, Heath Minor of .

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Hot wheels: Man charged with selling neighbor's vehicle
A 20-year-old Wisconsin Rapids, Wis., man is facing a felony charge after authorities say he sold his neighborâ??s vehicle to a salvage yard while the neighbor was gone...


Auto salvage company buys 30 acres in Genesee County - wivb.com

Auto salvage company buys 30 acres in Genesee County
wivb.com
Insurance Auto Auctions has 160 locations across the country and is in the process of moving its Rochester location to Bergen. The company sells cars for scrap or parts and some that can be salvaged to return to the road. The Genesee County Economic .

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