Salvage car auctions are becoming big business in America today. In todays more ecologically considerate world where Reduce, Re-use, Recycle has become a catch phrase, recycling of salvage vehicles has become a major player in saving our ecology. The salvage car auction offers a great way for salvage yards to buy damaged vehicles for their recycling purposes. Most generally these salvaged vehicles are taken back to salvage yard and parted out before the left over husk of the vehicle is crushed and generally sent off to be melted down to make new metal products. Thus the lawn chairs sitting on your patio, in another life, could have been your first car that you wrecked on prom night.
What Is A Salvage Car Auction?
So what is a salvage car auction? Basically most of the vehicles brought up for sale at a salvage car auction are from insurance claims. When a car is involved in an accident, the insurance company takes a look at the damage to the vehicle and other factors such as the age of the car and the Kelly Blue Book value. If the estimated cost of repairs to the vehicle is more than the value the insurance company assigns to it, then the vehicle is...
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