Are you looking to purchase a car, but you do not want to pay the high prices that dealers charge? Did you know that there are other ways to get a vehicle without paying the expensive dealer prices? One of those ways is through insurance auto auctions and if you know what you are looking for this can be a great way to get a new or used vehicle. Here is how it works.
When an insurance company decides that a vehicle has been totaled out they pay the owner and they go ahead and sell the car. This is how they deal with a vehicle that has had enough damage that it really is not worth it to the insurance company to fix it. Sometimes it does not take much damage to total out a car and sometimes it is only a little bit to get the car fixed.
This means that if you go to insurance auto auctions and you find a vehicle that has some damage, but is very repairable, then you can get it for a couple hundred dollars, then spend a thousand dollars or so to fix it. You can do this with insurance auto auctions and end up with a vehicle that cost you less than $2,000 once it is repaired and is worth well over that amount.
There are also other types of auto auctions that you can use like government auctions, online auctions, and open to the public dealer auctions. These are all great places to get your next vehicle for a better price than what you will find on any dealer lot. This is a great way to save money with the economy being so sour right now.