It is fairly simple to buy cheap cars at insurance salvage auctions in Flint, MI as long as you know how the process works. Auctions have been a proven method of finding great deals, regardless of what is being sold. It could be cars, antiques, estates, and everything in between. The one thing that all of these types of auctions have in common is that the prepared bidders will end the day with the best deals. In order to spot the gems, it is important to understand what types of cars you will find and how to best evaluate them. Here are some quick tips to help get you started.
The most important thing to keep in mind is that when you buy cheap cars at insurance salvage auctions in Flint, MI, a majority of them will need some work. This could mean body work or maybe some replacement parts under the hood. If a car is at an insurance salvage auction, that means at some point the previous owner incurred an amount of damage that was greater than the value of the car. For example, if the car is worth $5000 and is in a major accident that causes $6000 worth of damage, then the insurance company will “total” it and it will be sent to a salvage auction. It is after these vehicles have been “totaled” that you will get the chance to buy cheap cars at insurance salvage auctions in Flint, MI.
This means that you need to go into each auction with a plan. If you want a car that is either drivable or nearly drivable, then targeting older vehicles will probably be your best strategy. The reason for this is simple, older cars carry less value. Even if the car still runs, it can be totaled by the insurance company if the bod damage is too great. With older cars, it will take less body damage to get it into the auction. This means if your priority is instant drivability, then older cars should be your primary targets.
If you want to buy cheap cars at insurance salvage auctions in Flint, MI that you don't need to drive right away, your options are much broader. In many cases, you can even find two or three cars, all at very low prices, and piece together one fully functional, great looking car. If you only want to fix up a single car, then the same option exists as well.
A final option is to buy cheap cars at insurance salvage auctions in Flint, MI simply to part them out. If this is your primary focus, then in most cases targeting the least expensive cars possible is probably the right move. Although you should keep your eye out for cars that have after-factory parts especially items like rims or exhaust because they can be parted out for a premium.
There are a number of different strategies that can be used to end up satisfied at the end of an auction. The key is to make sure that you get something that fits your needs. It is easy to buy cheap cars at insurance salvage auctions in Flint, MI, however if you don't target cars that fit your needs, you will likely come away a little disappointed It is not only about focusing on cheap cars, but also on your own needs. By letting your priorities dictate which cars you target, your overall level of success will high.