The 24 Hours of Lemons Forums → Lemons Newcomers → Insurance Auctions?
If I can get access to insurance auctions is that a decent place to get a Lemons car? Never been to one so I don't know.
One of my teammates and I have an export business that requires a vehicle dealer license, and we were wondering about scoring cars at auction, too. All sorts of stuff shows up there. And even more interesting stuff at the heavy equipment auctions...
Just remember, you may get a Ferrari for $500, but it will be scrutinized by subjective eyes.
We make use of these auctions
Just remember, you may get a Ferrari for $500, but it will be scrutinized by subjective eyes.
Point me to the $500 Ferraris, I want one. Just imaging, Ferariata
Slay all the purists: Ferrari-ero. Make the first Ferrari with a Fiero body kit.
All I've ever seen around here require a valid dealer's license. I went to one as an agent of a dealership and was surprised at the lack of deals. These know what's what, generally speaking.
We have a Texas salvage dealers license. Its required here to buy any non regular title vehicle. I find the real deals are for "certificate of destruction " or "Non repairable" ( Kills Vin #) titles.
We bought the Mini cooper like this. However even with this type of vehicle you are still bidding against parts salvage operators.
You can find a relatively late model for a good price but you are going to have to sell off parts o be Lemons legal. ( Then the judges don't believe you anyway). I don't see too many really cheap cars. Why would anyone insure a 1000$ car?
We belong to Coparts and IAA, there are yearly fees associated with both.
I spent a year looking for a Ferrari, its not going to happen. The badly damaged ones get bought and exported. There must be a way around the salvage title when its imported overseas because the prices they fetch are too high to make sense. A328 roller no engine or transmission went for $4k in houston a couple of months back.
Unless you have access through a dealer friend IMHO you are better off with craigs list.
best regards
Paul
Copart has recently opened to the public - they have good cars for us.
Copart has recently opened to the public - they have good cars for us.
They do have this list that'll give you guidelines by state. But, unless you can find a way to fit into a business category, those brokers are enough to put you out of budget. They do let you buy salvaged motorcycles in most states, which is great news for wacky micro-car swaps!
The 24 Hours of Lemons Forums → Lemons Newcomers → Insurance Auctions?