Each year auto insurers declare millions of vehicles to be total losses.
This typically happens when an insurance company decides that it is more cost effective to pay the insured for the pre-damage value of the vehicle rather than repair it. Ever wonder what happens to that vehicle after the insurance company writes the check and takes it away? Most of the time the vehicle is sold through an auto auction.
There is an ever-growing market of buyers for damaged vehicles. It might be hard to believe there is a second life for damaged vehicles, but one person’s trash is often another person’s treasure. Most wrecked vehicles still have significant value after they are in an accident. In fact, many total loss vehicles offered for sale at auctions have incurred only relatively minor, easy-to-repair damage.
Vehicle dismantlers and recyclers find
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