Many people overlook Madison, WI government auctions for wrecked autos because they tend to assume the worst about the vehicle. However, there are number of potential benefits that can be gained by focusing on this type of government auction. To get a better idea of what to expect from Madison government auctions, here is a closer look at what types of vehicles are available and how you get a great deal.
The first thing that you need to know is what type of vehicles you will find at Madison Wisconsin government auctions for wrecked vehicles. You might assume, like many people, that the only available vehicles will be ones that have been completely totaled and are of no value beyond selling it for parts. However, this is definitely not the case. Wrecked autos could be put up for auction for a variety of reasons. One of the most common reasons is that someone has been in an accident, had their car or truck towed from the scene, and couldn't afford to get it out of the impound lot. In this case, the vehicles may have little more than some cosmetic damage. This means that once you purchase the vehicle, you can either get the body damage repaired, or just drive it as is.
Another strategy that is often used by savvy car buyers is to buy two or three vehicles at Madison government auctions for wrecked autos and piece together a great car. For example, you can purchase one vehicle will little or no body damage, but without a working engine. Then you can purchase another vehicle that has a lot of body damage, but the engine runs fine. Normally, you can get both of these vehicles for as little as several hundred dollars apiece. Then you spend a thousand dollars or so to have the good engine dropped into the car with no body damage. Plus, if any other parts need to be replaced, then you will have them available to you as well. In total, you can spend less than a few thousand dollars and get a great looking car that runs great.
The final strategy that some people take is to “scrape the bottom” and purchase a variety of extremely inexpensive wrecked vehicles, many for less than $100, and part them out. That way, they can make several hundred dollars on each purchase. After attending a few Madison government auctions for wrecked vehicles, they will have enough money to simply purchase a quality used car from another Madison government auction, such as repo or fleet auction.
As you can see, there are a wide variety of different ways that you can utilize Madison government auctions for wrecked vehicles. First, you can simply target wrecked vehicles that have very little body damage and are still in working order. These will most likely be vehicles that were in an accident, towed away, and never recovered from the impound by the owner. Second, you can purchase several vehicles and piece them together. Finally, you can simply buy several vehicles in which you can easily profit from scrapping them. Then take the profits and get a great deal at another type of Madison government auction.