WHAT ARE INSURANCE SALVAGE V

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Repairable salvage cars, fixer uppers and project cars for sale.

MORE INFORMATION ABOUT SALVAGE CARS

(See the Ferrari example at bottom of this page)

WHAT ARE REPAIRABLE SALVAGE CARS? They were insured vehicles - some were stolen and then recovered or incurred some degree of damage from collision, vandalism, storms or floods. The owner's of these vehicles received a cash settlement as compensation for their damages or loss and the vehicles then become property of the insurance companies and are resold at significantly discounted prices. More than 200,000 salvage vehicles are processed for sale each and every week by the auto insurance companies.

WHAT ARE THEFT RECOVERED VEHICLES? Example, you leave your insured vehicle at an airport parking lot. Then depart and return later to find it stolen. The police aren't able to find it and so your insurance company gives you a cash settlement equal to the car's market value. But then a few months later the car is found and it may be completely intact or it could have sustained damage or some of its parts may be missing. The car is no longer yours, it is now the property of your insurance company and is processed and sold at deeply discounted price..

WHAT ARE FLOOD AND WATER DAMAGED VEHICLES? These are vehicles that have been exposed to various depths of water caused by street flooding. In rarer instances, vehicle flooding may occur in coastal areas from high ocean tides during severe storms.

WHAT ARE VANDALIZED AND STORM DAMAGED VEHICLES? A vandalized vehicle has sustained some degree of destruction or damage at the hands of a vandal. It can include having some of its parts stolen or physically damaged. Storm damage can result in the form of hail, fallen tree limbs, airborne debris and water damage.

WHAT ARE COLLISION DAMAGED VEHICLES? When a vehicle comes into physical contact with another vehicle or object and results in various degrees of damage to the vehicle.

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FERRARI EXAMPLE (see photos below) People frequently ask us, "Why don't the insurance companies just pay to have these cars fixed for their customers?" Here's a good example why the insurance company very often decide not to fix their customers car. One of our customers recently purchased a low mileage 1997 Ferrari 355 GTS from one of our inventory locations in Atlanta, Georgia, USA. This Ferrari had easily repairable front end damage. But, a new front bumper and left front fender were needed to fix this car and those parts were on back-order from the Italian Ferrari factory for approximately 10 months. During those 10 months the insurance company would have been paying out approximately $40 per day in storage fees for the Ferrari to sit idle in a body shop in addition to a $57 per day rental car fee to provide the Ferrari owner with a vehicle to drive during the repair period.

The insurance company prudently decided to pay the Ferrari owner the replacement cost of the car so they could avoid a costly and lengthy wait for parts. Once an insurance company commits to repairing a vehicle they are at financial risk of whatever unforeseen issues that can be uncovered during the repair process in both cost and time. Frequently they find it simpler and much more cost effective to just pay the car owner a cash settlement and then sell the car in a damaged condition rather than to fix it. We enable you to buy these cars, trucks, motorcycles and boats that come direct from major auto insurance companies for typically 1/2 to 1/3 or their Kelley Blue Book or NADA values. We've been selling repairable salvage cars since 1976 and have enabled thousands of car buyers worldwide to purchase salvage autos at deeply discounted prices.

This is the very low mileage 1997 Ferrari 355 GTS as described above. It is a one-owner vehicle with a clean and clear title. It was insured by the State Farm Insurance Company and they decided to just sell it at a significantly reduced price rather than to repair it. We provide an real-time inventory database updated hourly of more than 15,000 salvage vehicles each week that come direct from the major auto insurance companies and can be purchased at prices typically 1/2 to 1/3 of their Blue Book value.

REGISTER NOW to inspect, make offers and buy from our inventory of more than 15,000 repairable vehicles in stock for sale at deeply discounted prices. Financing available.

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1997 FERRARI 355 GTS - INSURANCE SALVAGE CAR