Learn me auto auctions

Any kind really...police auction, bank recovery,insurance auctions, etc... Is there any special requirments to get in. Can real deals be founds?

Thanks Dan

Entrance to the event depends on the type. Some are open to the general public and some aren't. Look at this website for an auction close to me, as their faq explains a lot about how the process works. thcauction.com

Insurance auctions are pretty much the only place we get race stuff from these days. Pop your max. bid online (a little above scrap value is usually as high as we'll go,) and you'll be amazed what you can scoop up cheap. Most of the time the car will even come with a key and a title.

iaai is a good one. https://www.iaai.com/

Local public auctions are good too, but usually (at least in my area) draw a pretty good crowd. You just have to bid wisely. Cars will typically go for way more than scrap value, but not as much as private party value.

Some steals can be found at Towing Yard auctions too, but more than likely, you won't hear the car run. They'll have a guy there cutting keys, and that's when you find out if you've got a driver or a parts car.

Also make it a habit to scan the legal ads in the local paper. LOTS of auctions by towing companies, small businesses are announced there. You'll also learn a lot about how much lof your local government takes places in small meetings at night

Also, check with the local police as to what happens to the impounded vehicles. There are a few people on this board who have been successful bidders at such auctions. .

Wow, that's great. I just spent 10 minutes on that iaai site and there is some interesting stuff for auction near me, including a 1995 5 speed Civic and a wrecked 2005 Volvo S60R

poopshovel wrote: Insurance auctions are pretty much the only place we get race stuff from these days. Pop your max. bid online (a little above scrap value is usually as high as we'll go,) and you'll be amazed what you can scoop up cheap. Most of the time the car will even come with a key and a title. iaai is a good one. https://www.iaai.com/ Local public auctions are good too, but usually (at least in my area) draw a pretty good crowd. You just have to bid wisely. Cars will typically go for way more than scrap value, but not as much as private party value. Some steals can be found at Towing Yard auctions too, but more than likely, you won't hear the car run. They'll have a guy there cutting keys, and that's when you find out if you've got a driver or a parts car.

How do you determine scrap value?

I know the Baltimore location listed at that site had an open-to-the-public auction at least once a month. Toward the end of the auction, if you're so lucky, you might get a good buy as people have already spent their money.