Defining a Salvage Vehicle
Salvage vehicles are auto that are so badly wrecked that an insurance company has decided the cost of repair is higher the worth of the car. But this doesn’t necessarily indicate the car can’t be fixed up and put back on the road. These cars are usually sold in a UK public car auction at very attractive prices and fall into the following categories.
Category A
These autos are too damaged to be patched up in a cost-efficient manner. The cost would be way over the car’s market value. Even purchasing parts off Category A autos is risky, so you normally want to steer clear of these in a public vehicle auction.
Category B
These cars are suitable in a public auto auction strictly for the components. The components should still be in good shape in these autos. You should make some money off of selling the parts off.
Category C
For these autos, repair is still an option so they can still be operated. This kind of vehicle can be a real bargain at a public vehicle auction if you have extensive automotive knowledge and can repair the vehicle yourself.
Public auto auctions in the UK are popular ways for buyers to find reasonably priced vehicles at fair prices. It’s important to keep a clear head and not get caught up in the emotion of a public car auction. Only then will your purchase price be a fair one.
Category D
Category D autos can be patched up at a cost less than the vehicle’s overall worth. You will likely make some extra income reselling one of these at an automobile auction or some other place.
Category X
Category X cars often have little or no damage and generally are recovered stolen vehicles. Since they need few repairs, they are simple to sell over and receive profit at a live auto auctions or at an online public car auction.
So to summarize the best approach for cars inside a public car auction in the UK: Stay with categories X and D if you don’t know a lot about cars and if you have the money. Category C should be for those who understand the inner workings of a car and the extent of the work needed to earn a profit. Category A and B cars are only good for components.
Filed under Cars n Stuff by Sanjay