The used car market has experienced unmitigated growth over the years as more people turn to used and salvage car dealers to buy cars. 39.3 million units were sold in 2020 and the market is growing faster than the Retail Trade sector overall. Salvage car dealers give car buyers access to multiple options on a whole range of makes and models. This allows buyers across all budgets to find attractive deals on their favorite cars. AutoBidMaster is a leading salvage car dealer offering repossessed and accident-damaged cars to licensed and private buyers. In this blog, we walk through all the important steps to buy a salvage car online.
Register a Membership Account
The first step is to Register a Membership Account with AutoBidMaster. You can simply use your Facebook or Gmail account to do this or enter your name, number, and email. The whole process takes less than 30 seconds to complete. While you can take advantage of a free account, you will need to upgrade to Advanced or Premium membership to meet any buying requirements that exceed the provisions of a free account.
Place a Refundable Deposit
The next step is placing a refundable deposit with AutoBidMaster to set your buying power, which should be at least 10% of the value of the vehicle you want to buy. Salvage car dealers refund the deposit on the condition that you have no outstanding bids or invoices.
Find Your Favorite Vehicle
After establishing your buying power, you can then start searching for your favorite vehicle. To narrow down your options among the thousands of vehicle types, makes, and models, you can use the Vehicle Finder, which allows you to search according to make, model, odometer, year, and location. You can also use the vehicle VIN if you are targeting a specific deal.
Inspect the Vehicle
After finding any vehicle you wish to buy, it is advisable to inspect it so that you know what you are getting and can better estimate repair costs. You can do this yourself or hire a third party to do it for you. While all car listings contain multi-angle pictures and some pertinent information, you can also access easy-to-understand vehicle history reports on AutoBidMaster website through our partner, ClearVin.
When you are satisfied with the vehicle inspection, the next step is to participate in the bidding process. There are four different types of auctions: Pure Sale, where the highest bidder at the end of the auction gets the vehicle; Buy it Now, where you can simply pay the listed price plus fees to skip the bidding process; On Minimum Bid, where the seller reserves the right to stop a sell if the set minimum price is not met; and On Approval, where the seller can approve any bid before the sale of the vehicle.
- Preliminary Bidding is the first bidding phase before the Live Bidding and lasts one hour. Bids that have been placed can’t be retracted.
- Live Bidding lasts just seconds and the timer is refreshed every time a bid is placed. It is available only to Advanced and Premium members.
Pay for the Vehicle
When you place a winning bid, you will be notified at the close of bidding by way of an email and phone notification. It will contain an invoice and instructions on how to make the payment. Late payment may attract additional fees and all payments must be by bank wire transfer.
AutoBidMaster allows you to order shipping for your vehicle to a location of your choice even for international customers. You get an instant quote and an estimate of custom fees. We provide customs clearance in the US and send ownership and other documents to the receiving agent. You will get updates about the progress of the process and receive your vehicle together with all the important documents. Talk to our Buyer Services team to get answers to all your questions about buying salvage cars in Florida and other locations around the country. Simply call +1 (503) 298-4300, Monday through Friday, 6:00 AM to 4:00 PM (GMT-8:00), email support@AutoBidMaster.com, or contact us through Viber/WhatsApp at +1 (503) 473-9895.