Online insurance auto auction sites are a good platform to buy used vehicles. Not only do they help you save money, but reputable ones also provide you powerful search tools that help you find auction car details and information. But, as a used car or salvage car buyer you need to perform your due diligence before you make a buying decision. So, let’s see what are those four important things you must do before you buy a used car from an Online insurance auto auction site.
1. Know the nitty-gritty of the bidding process.
While a good online insurance auto auction site will be easy to navigate and will be as user-friendly as possible, you must be aware of the process of bidding for and purchasing a used vehicle. A good way to find out about the bidding process is to refer to the FAQ section. Here, you will also find a lot of other relevant questions that will make the process much easier for you.
2. Inspect it prior to the auction.
Most salvage car auction sites in Virginia and other parts of the country have their auction facility where you can go and inspect the car. Take an experienced mechanic with you to have the car thoroughly inspected. In case the auction site does not give you an option to inspect, consider it as a warning signal and don’t deal with them any further.
3. Do the math.
A key fact that you need to understand is that an insurance company discards or writes-off a particular car and declares them as a total loss because the cost of repair exceeds the value of the vehicle. So, don’t just rely on your gut when buying a used car. Make sure you do the math to see if the car is even worth buying.
4. Research about the online insurance auto auction site.
This is one of the most critical aspects of buying a used car from an online auto auction site. Since there have been incidents where customers lost their money to fraudulent auto auction sites, it’s important that you research about the auction site that you plan to deal with. Some of the ways to ensure that you are buying through a trusted website is to visit the physical auction site where the vehicles are kept for inspection.
Final Word
Many online insurance auto auction sites offer used cars at dirt cheap rates to tempt car buyers into buying a car. Don’t get tempted by that and make sure you get all the relevant information related to the auction site and the vehicle before you place the final bid.
Insurance Auto Auction 