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  Find cheap & functional salvage cars at SalvageWorld
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Buy Salvage Vehicles Online

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Get your vehicle shipped Order transportation service with INSURANCE AUCTIONS LLC  | Salvageworld.net and vehicle will be picked up from insurance company facility


Preliminary Bidding Feature and Details on How Preliminary Bidding works:

• A Majority of Insurance Auctions, Salvage Auctions, and Auction Pool companies can sell only to a limited number of licensed and registered license Salvage Dismantlers, and Dealers. We possess all proper licenses and registrations, and hence can buy any vehicle for you anywhere in the country. Even in states that require special bid cards where not even dealers can bid.

 The actual live auction for this vehicle is not open to public, so unfortunately there is no way for you to participate in it. But you can participate in Preliminary Bidding. We will collect your bids and then present them during the live auction. As many of our auctions are for bulk purchases and through agents and brokers, the auction price on an individual vehicle is not the same as the highest bid.

Bid Submission

 Our model is COMPLETELY TRANSPARENT. You should enter your ABSOLUTE MAXIMUM bid. You are submitting a PROXY bid. When we bid with the insurance company or at the live auction, we will try to buy the vehicle as cheaply as possible, and will only bid incrementally against other buyers up to your maximum amount. Sometimes, even though we are the highest bidder, insurance auctions and companies have a RESERVE price, which means they have the right to reject the bid even though you are the highest offer. They have the option of re- auctioning the vehicle or we have the option of going up on the price with them.

 Your total purchase price will consist, in part, of the actual sale price at the auction, as well as all applicable auction fees and INSURANCE AUCTIONS LLC or other broker service fees. Please use our "Fee Calculator" to obtain a cost estimate. Your bid represents your total liability before addition of fees as above. Because of our special relationships in the industry, there is no warranty or guarantee that your final bid will be equal to the winning auction amount. We often are required to pay administrative fees, broker fees, bulk sales fees, and agent costs in order to obtain the best prices. We do insure, however, that you will never pay more than your approved maximum bid before the addition of auction and service fees.

 Most Insurance Auctions have the preliminary bidding option available to its buyers. Our system will automatically poll them and update the current auction price on our site. However, during the live auction the bidding usually goes much higher. Please don`t rely heavily on the current auction price and place your ABSOLUTE MAXIMUM bid, because once the auction is over, we will not be able to increase your bid.

Welcome to Salvageworld My Guide
This guide is intended to help first time bidders get a feel for our website and goes over the processes required to successfully purchase an auction vehicle through our website. The process itself is very simple, let's begin!

1. Register as an Salvageworld user.

 

By registering on our website you are allowed to submit offers (bids) on any vehicle, motorcycle or specialty unit that we have to offer. Non-registered users are only able to browse the website but cannot submit any offers.


2. If you are already registered, start browsing our inventory.

Now that you are a registered SalvageWorld user, you can browse and bid on any of our vehicles in the database. You can start out by simple browsing our inventory. Once you have found the vehicle you like, please be sure to view the pictures to see all the damage/problems with the car; details are minimal because this is the standard information provided by the auction. Also, please note that all auctions are set to "go live" on a certain day. 
IMPORTANT NOTICE:  MOST Bids must be submitted by 12:00AM EST the night before an auction begins for your order to be processed properly. The count-down auction timer associated with your selected vehicle denotes the proper time left to submit a valid bid.  WE HAVE EXTENDED AUCTION TIME TO MIDNIGHT TO ALLOW TIME FOR OUR EUROPEAN, AFRICAN AND MIDDLE EASTERN CUSTOMERS, TIME TO WAKE UP AND PLACE FINAL BIDS EARLY IN THE MORNING.


 

3. How to properly bid on a vehicle.

 
We do not require credit cards to bid on any of our vehicles. However, remember that bidding on a car enters you into an agreement with Salvage World for us to pursue the purchase of your vehicle. If our affiliated dealers win this auction, full payment will be due by the end of the 2nd business day from the invoice being posted to your account. To read the entire insurance auction item purchase terms and conditions, please click here.

Your offer, once accepted, constitutes a binding contract! Place an offer only if you're serious about buying the item. By having the highest eligible offer that's accepted, you automatically enter into a legally binding contract to purchase the item. You should contact us to resolve any questions prior to placing any offer.

 

PLEASE REMEMBER: EVEN THOUGH THE AUCTION MIGHT STATE THAT THE KEYS ARE PRESENT, THEY ARE
FREQUENTLY LOST OR STOLEN AND ARE NOT GUARANTEED TO COME WITH YOUR PURCHASE.

4. Do not get discouraged! Simple steps to realistic bidding.

At times, even though you might be the Highest Offer or Bid at an auction the Insurance Company can still reject your offer. Most of the vehicles offered by the Insurance Companies have a minimum "value". These cars will not be released for less than that value, however, that value is not (and will never be) disclosed publicly.

Please remember to bid with these facts in mind (always look to blue book values for guidance, research your vehicle thoroughly!). In order for us to have the highest probability of acquiring your vehicle, make sure your offer is 'realistic'. For example, having a winning bid of $1,000 on a 2011 Lamborghini Gallardo, even with heavy damage, does not constitute a realistic offer (the vehicle has a much higher "value" to the Insurance Company).  

5. Funding your account.

 
By depositing funds to your account, we can securely submit your offer to the insurance company that is handling your vehicle. Without a deposit, we will NOT pursue the acquisition of your vehicle. Please remember that all deposits must be submitted before 8:00AM EST the same day of the bidding period ending. For west coast vehicles deposits must be submitted before 2:00 PM EST. Currently, we are accepting two methods of payment: Credit Card and Wire Transfer. Credit Card is the quickest way to initially fund your account. Once we have your cleared payment, we will update your Salvage World Account and you can go to the my account section to monitor such transactions. Click here for instructions on how to submit funds into your account
.
If you deposit funds into your account and your offer is rejected by the Insurance Company, the funds remain in your account until either a refund is requested or an item is purchased on your behalf.

IMPORTANT NOTICE: If you have the highest eligible offer, and do not submit the required security deposit
($500 or 10% of the total offer amount, whichever is greater) for the item that you intend to purchase,
your account will be PERMANENTLY SUSPENDED!

IMPORTANT NOTICE: Credit Card refunds may take 5-7 business days. Reason for this ,is we want to discourage customers from bidding on one vehicle then, ask for a refund. Probability of getting the first vehicle you place a bid on, usually does not happen unless you have experience in the industry and are realistic. Our experience when it comes to salvage cars for sale and to bid,  we noticed customers start to get the hang of bidding, and start to feel more comfortable with our Global Insurance Auction Consultants after the first two to three weeks of placing offers on numerous vehicles. We encourage you once you have placed a deposit, to place bids on at least 10 to 20 vehicles. This way our consultant can advise you of the best vehicle to go for that would be the best price. Some insurance companies get higher prices in different States because labor to repair them is much less. Or an Exporter can pay much more for a vehicle because labor in other countries is much cheaper than it is in the United States.  Our Site updates twice a day with 1000's of new cars every day twice a day.

6. What happens when my offer is submitted to the insurance auction?

Once you are the highest bidder at the end of an offer period and your account is funded our system will submit your offer as a preliminary bid to the insurance auction that your Car is being sold in over night. You will be notified the following morning via your, my offers section if your offer your offer was rejected. If it is rejected one our associates Will contact you via telephone to offer you the chance to submit a higher offer one last time. Your offer will be accepted verbally, however you must email our office a revised offer for the Item number for Salvage-world to submit once again.

If one of our Insurance Vehicle Auction Consultants does not contact you, please call our office or email us via the contact us section of the site We can not submit offers after 9:00 am eastern time so it important that we discuss your outbid offer before 9:00 am.  Even the day before the sale works.

7. What happens to the funds in my account if my offer is not accepted and the car I am working on is not purchased for me?

 
Your funds remain in your account for any future offers you wish to submit. There is no penalty for submitting offers on Salvage World. If at any time you wish to remove your funds from Your Salvage World account, you must request a refund via our website only. The request form is located in the About us section of the website. Refunds can take up to 30 days to be processed from the date of your request.

 

8. Vehicle has successfully been purchased on my behalf, what now?

Once a vehicle has been purchased for you, an invoice will be posted to your account. You must sign the bill of sale and fax it back to salvage world offices 1-305-402-0377 along with a copy of your drivers license or passport. When we receive your signed Bill of Sale the process begins. You are then required to pay for your vehicle in FULL within 48 hours via WIRE TRANSFER only; Credit Cards will not be accepted for final payments. You are then required to sign and fax back the updated Bill of Sale to our office as soon as possible. We will then email you a new Bill of Sale showing that your vehicle is paid in full.  

9. My vehicle is paid in full, when will I receive my title?

 
Now that the Vehicle is paid in full and all necessary paper work has been completed, it is time to mail you your Title of Ownership for your purchased vehicle. salvage-world will send your title via UPS Ground Service or FED EX saver delivery, we will not overnight titles for vehicles unless you provide us with your UPS or FED EX account number. The whole process can take any where between 7 & 10 business days from the time we receive your final signed Bill of Sale.

PLEASE NOTE: There is a $85.00-$125.00 Title paper work processing fee that must be paid to salvage world prior to us sending you your title. This fee applies to both motorcycles and automobiles. We are NOT like other sites our processing fees are realistic. We need to have important documents signed and mailed back and forth to Insurance Auctions before they get to you.

10. Can Salvage World ship my car?

 
Salvage World is not a shipper and does not transport vehicles. However, we will help you arrange transport to your desired location or country. We have a vast network of transporters through out the United States that can deliver any vehicle door to door or to any major port in the country for export. If you require a freight forwarder to handle the shipment of your vehicle we can recommend one to assist you. We recommend you visit www.EZhaul.co for an instant quote.

The average cost of transporting a vehicle within the United States is $50.00 for the initial hook-up fee and approximately $0.85 cents per mile; this can vary from City to City however this will give you an estimate of what transporting will cost for your vehicle.

 

PLEASE NOTE: Customers are not allowed to go to the insurance company's facility to pick up their vehicle.
Only salvage-world can arrange for the vehicle to be removed from the facility as per our agreement with the
Insurance Companies and their authorized facilities. Transporters must be paid cash on delivery only!


11. What if I do not pay for my vehicle within 48 hours; will I be penalized?

Yes! salvageworld reserves the right to charge $125.00 per day for late fees, storage and service charges associated with late payment. You must fax a wire transfer confirmation which you can get from your bank to our account department at fax number (305)402-0377 with a cover sheet referencing your full name, telephone number & invoice number.  

 

12. What if after purchasing a vehicle, I decide not to pay in full for my invoice?

 

If you decide not to pay the full amount owed on your invoice, your vehicle will be "re-listed" and your security deposit will be forfeited. A security deposit is required to cover the cost of re-listing the car for sale once again. This re-list fee is billed to Salvage World by the insurance company and we in turn bill the Salvage World customer.

 

 
 
 
 
 
 
 
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