“Everyone tries to protect their cars from damage, so why would anyone deliberately set out to buy a damaged car? While this may sound odd, there is logic behind it – buying a damaged car and getting it repaired could be the cheapest means of getting a car.
If you have the time and the interest to restore a car bought from a damaged auto auction, it can be the cheapest car you can buy. The best place to buy these cars is from a damaged auto auction – but keep in mind that the bidding parameters are different; you need to add the repair cost to the bid to see if you are getting a good deal.
Do not even think of buying from a damaged auto auction if you are not at least a good amateur mechanic – you may not be able to do all the repairs yourself, but unless you know what needs to be done and how it should be done, your repair costs could skyrocket and make the whole exercise a waste of time and money.
When you buy from a damaged auto auction the first thing to be done is to examine the cars available and make a short list of the ones that you think are worth repairing. It is important to check on the price and availability of spare parts as this can be a problem for some makes of cars.
Once you have your short list ready, get an expert to do a second inspection of the cars with you and confirm you findings about the nature of the damage and the estimated repair costs. And before you do any bidding at a damaged auto auction, spend some time making sure that buying the same car in an undamaged condition would not be cheaper in the long run.
Once you are sure that the economics of buying from a damaged auto auction makes sense, make sure that you do not let your self get involved in bidding wars and spend more than you planned – this will affect the final restored price of the car and could make to whole effort a waste of time. If you are willing to take all the time and trouble needed to restore a damaged car, you should be able to have a safe reliable car that will give you years of reliable service.”