- Sign up for a membership
- Make a refundable security deposit of $500
- Get access information to your email address.
Bid and Win an auction
- Log in to Salvageworld.net website as a member
- Search for the vehicle(s)
- Place your bid
- Win a vehicle
Pay the invoice
- Receive a confirmation email from Salvage World and an invoice from GSA auctions LLC|Salvageworld.net
- The vehicle should be paid within 2 business days
Get your vehicle shipped
Order transportation service with GSA Auctions LLC|Salvageworld.net and vehicle will be picked up from insurance company facilitiy
Preliminary Bidding Feature and Details on How Preliminar 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 automobile 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, sealed bid auction or direct fax offer to the insurance adjuster.
• Our model is COMPLETELY TRANSPARENT. You should enter your ABSOLUTE MAXIMUM bid. You are submitting a PROXY bid. When we bid at the live auction, we will try to buy the vehicle as cheap as possible, and will only bid incrementally against other buyers up to your maximum amount. If the vehicle sells for less, YOU WILL PAY EXACTLY THE PRICE THAT WE AGREE ON WITH THE INSURANCE ADJUSTER, BROKER, SALVAGE POOL AND OR AUCTION THAT WE AGREE UPON. KEEP IN MIND MOST VEHICLES DO HAVE MINIMUM BID REQUIREMENTS, AT TIMES WE HAVE WON THE AUCTION BUT THE INSURANCE COMPANIES STILL HAVE A CERTAIN RESERVE PRICE WE NEED TO AGREE ON.
• Your total purchase price will consist of the actual sale price at the auction, all applicable auction fees and GSA Auctions service fee, which depends on the sale price at the auction. Please use “Fee Calculator” to estimate your total purchase price.
• 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.
Current preliminary bidding price at the auction is $8,000. Current SALVAGEWORLD.NET highest bid is $7,000. You place your ABSOLUTE MAXIMUM bid of $11,000. We go to live auction and win the vehicle for $6,000. You pay $6,000 plus corresponding auction and SALVAGEWORLD'S fees.