Tag Archives: Indianapolis car auction

What You Need to Know About Salvaged Cars

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Indianapolis Auto Auctions 317-247-8484

Indianapolis Auto Auctions 317-247-8484

If you want to buy a car, but you are looking for a low-cost deal, the one place you should start before visiting any dealership is with salvaged cars. There are several benefits of purchasing a salvaged vehicle over a standard used car or truck, the most popular of which being cost savings. But it is important to use caution when looking for salvaged cars in order to protect yourself from a scam or a deal gone bad. And you must remember that buying a salvaged car means you will also be investing in repairs; so be sure to have a trusted mechanic lined up to provide professional pre-purchase inspections and repairs at fair price.

Continue reading to learn some helpful information about salvage cars, and who to call for trusted salvage car sales near you.

What are Salvaged Cars?

The term salvage is another word for totaled. A vehicle can be totaled without any outward physical damages. Whether a car needs too many repairs, or was wrecked in a serious collision, if the total cost needed to get the vehicle back to a safe, operational condition exceeds its current overall value, it is considered totaled.

When an insurance company estimates a car’s damages or needed repairs to be more than 75% of its total value, it is considered a loss. After the insurance policy is paid out for it, the vehicle is given a salvaged title by the authority it was registered with. This percentage, however, varies among states, and can range between 50% and 80%.

In rare cases, a vehicle can be given a salvaged title even if it never experiences damage or loss. For example, if a car is stolen and goes missing for an extended time period, an insurance company may pay the insured driver’s policy for the vehicle, thus deeming the vehicle salvaged. But if the vehicle shows back up or is retrieved by law enforcement, the owner takes back possession of it, but the title remains salvaged even though the vehicle was not defective in any way.

Where to Look

When you purchase a salvage vehicle, look for one that needs repairs you can afford. Check out your local auto auctions for the best deals for salvaged cars, trucks, watercrafts, boats, construction equipment, farming equipment, and many other motorized commodities. Choose a reputable company who offers a generous inventory and has served the surrounding communities with professional auto auction services for many years.

Indianapolis Auto Auctions

Indianapolis Auto Auctions 317-247-8484

Indianapolis Auto Auctions 317-247-8484

Call Zore’s Inc. at 317-247-8484 to get the best deals in town for salvaged vehicles. We hold a public auto auction EVERY OTHER WEDNESDAY right here on our complex on Mickley Avenue. We have a reoccurring inventory of all kinds of motorized commodities, including cars, trucks, SUVs, vans, boats, motorcycles, and more. Call 317-247-8484 to request free information about our Indianapolis auto auctions, anytime.

Auto Auction Tips for the First-Timer

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Indianapolis Auto Auctions 317-247-8484

Indianapolis Auto Auctions 317-247-8484

Buying used cars or trucks at auto auctions is a great way to get a fantastic price. But there are a few things to know before attending a car auction if you are a first-time attendee. The right preparation coupled with the right knowledge can put you at an advantage on the car lot. You want to ensure you walk away feeling good about your purchase, and knowing you were not scammed. Continue reading to learn everything you need to know about prepping for an auto auction, and who to call for professional and trustworthy advice.

Auto Auctions

There are a few different types of auto auctions, including online auction, impound car auctions, and basic junk car or used car auctions. Depending on what merchandise you are in the market for will determine which auction to attend. For example, if you are interested in acquiring used auto parts, your best option would be to bid on junk cars at a junk car lot auction. Since you would just be stripping the vehicle for parts, it is not cost-effective to buy a functional or good-condition vehicle. However, if you are in the market for a good-condition vehicle for primary driving, you might want to consider a used car auction. Online auctions are also an option, but for first-time auction attendees, it may not be the best place to start. Talk to your local Indianapolis auto auction professional about online auctions and how to navigate them to your advantage.

Once you figure out which auction you are looking to attend, you can start your pre-auction research. Look for local auto auctions you wish to attend, and then view the vehicles they intend to display for bidding on the day you plan to attend.

Next, research their vehicle inventory, using Kelly Blue Book and other similar online resources to assess the estimated value of the vehicles. Then look up used vehicles online that are sold through regular car lots and dealerships. By comparing the used vehicles at lots to the used vehicles being sold at the upcoming auction, you can properly assess how much you should spend on a used car at the auction.

Set a budget right away, and do NOT go over that budget at the auto auction. By pre-determining a budget, you can ensure you will not walk away with a bad deal, like paying too much for a vehicle of lower value. One way to be sure you are getting a good deal is to bring a mechanic along with you to perform a pre-purchase inspection and validate that the car is indeed in working condition. Some auto auctions will provide this service for those who purchase a vehicle from their inventory, but it is rare. Once you have all this lined up, always be sure to ask or attain a CARFAX report outlining the history of the vehicle. By following these simple guidelines, a first-time auto auction attendee can be confident when it comes to getting the best deal by bidding for a used car.

Zore’s Indy

Zore's Inc. Indianapolis Indiana

Zore’s Indy 317-247-8484

Call Zore’s Inc. at 317-247-8484 for information about Indianapolis auto auctions at our site. We offer quality used vehicles and automotive parts at weekly auctions held every Wednesday at 4 o’clock in the afternoon. If you would like advice about attending our weekly auto auctions, simply give us a call at 317-247-8484 and speak with a friendly company representative today. Get a great car at an unbelievable steal at our auto auctions in Indianapolis, IN.