How to Find the Most Profitable Car at a Public Car Auction in the UK
Defining a Salvage Vehicle
Salvage vehicles are those “totaled” by an insurance company because the cost of repairs would exceed the car’s value. This does not necessarily mean that the car cannot be repaired and made roadworthy. These cars are usually sold in a UK public car auction at great prices under the categories to follow:.
Category A
Category A means that there’s no cost effective way to repair the vehicle. The value of the vehicle is considerably lower than its market worth. Even the parts in a category A vehicle are questionable, so avoid these cars in a public vehicle auction.
Category B
Think about investing in these at a public auto auction strictly for the components. This type of salvage car contains parts in good condition. You should make some money off of selling the parts off.
Category C
In this category, the auto itself can still be fixed up and driven. These are great to buy at a public vehicle auction if you’re car savvy and feel confident that you can patch them up 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
Autos under this category need few repairs if any and wind up here because someone had previously stole them before being confiscated. Since the repairs are minor at best, you should have no problem selling them over for good money at live auto auctions or in an online public car auction.
So what it boils down to for cars found at a public car auction within the UK: Focus on categories D and X if you have extra money and aren’t a car expert. Consider category C if you’re car-savvy and can effect repairs yourself to save money. Category A and B automobiles are shakier and only useful for parts if you’re a true car expert.
Posted: July 15th, 2009 under Automobile.
Comments: none