How to Buy Cars at Vehicle Salvage Auctions?

Answer Buying vehicles, vans, boats, RVs and travel trailers at vehicle salvage auctions is a great way to economize and build a used car business. New reseller programs now permit anyone to bid and buy a... Read More »

Top Q&A For: How to Buy Cars at Vehicle Salvage Auctions

What license do you need to buy cars in auctions?

The general consensus is that a car dealer's license is required to buy cars at an auction, especially if that auction is an auction for dealers only. Every state has its own laws regarding the pur... Read More »

How much is a salvage vehicle's value?

The value of a salvage vehicle can be determined via its Kelley Book Value (see "Resources") and deducting 20 to 40 percent. A more accurate way is to take the vehicle to an automobile appraiser.So... Read More »

What is the value of a salvage vehicle?

A salvage vehicle is a vehicle that has incurred such severe damage that the cost of repairs exceeds a percentage of the vehicle's cost designated by the insurance company as its salvage value. Thi... Read More »

How to Calculate Salvage Value of a Vehicle?

The salvage value of a vehicle determines how much a car is worth after use, or how much could be earned from selling it. Rather than a precise formula, this price is an estimate. Thus, there are c... Read More »