Are you or some one you know looking to purchase a car, but do not want to pay the high prices that dealers charge? Many people do not realize 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 the truth about insurance auto auctions.

When an insurance company decides that a vehicle has been totaled, 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. 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.

Why would you want a car that has been totaled? It’s simple! With insurance auto auctions and public car auctions you can get your vehicles very cheap. All you have to do is pay a fee for the vehicle, which could be as little as only a couple hundred dollars. You then take it to your local mechanic and/or body shop man and have any damages repaired. The cost of repairs could be even cheaper if you can do the repairs yourself. When all is said and done, you could even turn around and sell that car and profit on it.  

What many people do not understand is that a totaled car does not mean that it is not drivable or fixable. In fact, most cases these cars are always repairable. The reason for a car being totaled is that the amount of damage is equal to or greater than the amount the insurance company is willing to pay out to the owner of the car. They are more willing to cut a check for the value of the vehicle than pay to have it fixed.

Like anything you are looking to invest your money in, take your time and shop these auctions properly and you can get a great deal on a vehicle that needs only little body work done and has no real or major engine issues for a very low price.

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