Salvaged Used Car Sale at an Online Auction

According to industry experts, a brand new car loses one-fourth of its value as soon as it is purchased. A brand new car owner stands to lose at least 30% of the car’s value after using it for a year, regardless of the car’s condition. Now, the performance of a car after a year’s use is almost as good as that of a brand new car if it has not been manhandled. Thus, used car sale offers a great opportunity for you to buy a car as good as new at three-fourth the price. If you want to buy a car at even a lesser price, you need to log on to an online auction site for salvaged used cars.

Factors that determine the pricing of used cars

The internet boom has resulted in availability of information on used cars to a lot more people than thought possible earlier. The kind of information that any internet browser has access to was confined to trade publications and dealers even a decade or so ago. The net result is that overall prices of used cars have come down. However, owing to the recent spate of recession hitting home owners, interest in used cars, including salvaged used cars, has gone up and their prices are expected to go up this year.

Another factor that affects the prices of used cars is geography. For instance, the used car sale of convertibles is more likely in places that have warm weather conditions compared to cooler areas. Perhaps the most important factor that affects the prices of used cars is its running condition. Appearance, mileage, cause, type of damage and mechanical condition are thoroughly evaluated by buyers in a used car sale.

Advantage of buying a salvage used car from an online auction

Compared to buying certified pre-owned cars, there is considerable advantage in buying a salvaged used car. If you are careful in studying the cause and type of damage, it can help you get a used car in good running condition at an unbelievably low price. Log on to an online portal for salvaged used car sale and check out salvaged cars under the category of repossessions, theft recoveries and minor collisions. You can end up buying a car in good running condition at a fraction of the price of a brand new one.