One man s misfortune is another man s gain , the old saying goes and this is very true when it comes to salvage flood cars: cars that have been water damaged and written off by their insurance companies. Insurance companies would usually consider a flood damaged car a total loss.
Salvage flood cars are not necessarily rusted heaps of crap. Some salvage flood cars have been submerged long enough for the sills to be damaged but little else; others are â€“ well â€“ in pretty poor shape. The good news is that where the car is badly flood damaged, the price is rock bottom and there are plenty of parts that may be salvaged from the vehicle and resold or used for a rebuild project.
Salvage flood cars are held in stock at Copart facilities all over the country and it is possible to buy them via online auto auctions by registering with Copart s online brokers, such as AutoBidmaster. The listings clearly state when a vehicle is flood damaged and it is possible to gain a great deal of information from the listings without seeing the car in person .
The vehicle will be listed according to its make and model, of course, but AutoBidmaster s lists give you an exact picture of the condition of the car. A glossary of terms is supplied, making it easy to assess what kind of title the vehicle has; whether it is flood or crash damaged or both; whether it is damaged front, back side or roof; and what its status is in terms of documentation.
Salvage flood cars are cheap, for obvious reasons, and you may wish to buy more than one, especially if you are buying for parts. Shipping, both nationally and internationally, may be handled by your online broker, leaving you with the fun part of the exercise â€“ the shopping list!
To register with an online broker, first make sure the broker carries all the right credentials and make stringent checks as you would with any other company that offers a payment gateway. AutoBidmaster is authorized and empowered by Copart to offer bidding accounts to bid on salvage flood cars at online auto auctions and as such their payment processes are transparent, clearly described upfront and with the lowest fees on the market.
On registration there is a fee to be paid and a refundable deposit to make â€“ once you have completed these formalities you may browse the listings for the car you want. There are photographs to help you make the right choice and you will also be given a location; the car s odometer status and when the auction is likely to terminate, so you have a time line to work with. And although you might be reluctant to take the broker s information as gospel when it comes to repair times, his estimates do give a pretty good ball park idea of how long it will take to get the show back on the road.
Buying salvage flood cars at auction is entirely different to buying from salvage yards…