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Insurance auction: what is the danger of buying a car from an insurance company

  • April 8, 2023
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With a monstrous shortage of new cars and extremely high prices, many are starting to look for alternative options to buy a vehicle. And here insurance auctions come

With a monstrous shortage of new cars and extremely high prices, many are starting to look for alternative options to buy a vehicle. And here insurance auctions come into view, where you can buy a “cue ball” for restoration for a “cap of crackers”. The price, even with the repair, looks very attractive. However, in reality everything is not so simple and beautiful, the experts of the AvtoVzglyad portal are sure of this.

A sincere desire to save money, instilled in childhood and sewn into the subcortex, albeit through an incredible number of frauds and gestures, sometimes encourages Russians to move in an unpredictable direction. In the case of buying a car, this “internal code” leads to absolutely incredible decisions: citizens are not ashamed of “crooked” documents and an unfounded hope of restoring records, or even serious body damage. Nothing: We’ll fix it, it’s still fun!

So, a suffering person without knowledge and experience ends up at an insurance auction, where cars are sold that are recognized as unfit for further operation. The insurance company has no other cars, except the “total”. Some buy them for scrap, but others plan to restore them and drive them. Ambitious. But the insurance auction has one trifle – the car cannot be inspected in person: only photos. As a rule, they are quite detailed, the essence and depth of the damage are visible on them, but it is impossible to see the hidden, let’s say, “features”. But it is they who often become a “stumbling block” for car restoration.

How to determine the behavior of the cylinder head from the photo? Not really. How to find out that the generator has burned out and the engine has stalled? Not really. The car won’t start after the crash. The battery terminal fell off or the motor was caught in a knot – a big question. But there are also much more dangerous functions. For example, no one is immune from the fact that a car bought at auction will arrive exactly in the same configuration and generally in the form in which it was sold.

Everyone wants to make money, including the employees of the parking lot, where these cars are sometimes parked for years. Naturally, they are quietly dismantled, spare parts are sold, and the serviceable one is replaced with the broken one. Especially when it comes to a car that won’t start. Okay, if you’ve changed tires, do one more little thing, it’s fixable. But no one at the insurance company checks the cylinder head, generators and starters, blocks, dashboards, the presence of airbags and other options. The car is sold “as is”, and all subsequent problems are assumed by the buyer.

And as a result, it “gets” not only body repairs, but also the restoration of the entire engine compartment and other delights that were not foreseen in the original estimate. The purchase price is growing rapidly, “and things are still there.”

Moreover, it is not at all a fact that the vehicle will go. Yes, and it is almost impossible to correctly calculate the cost of spare parts, the price of which changes every hour. In short, an insurance auction is a lottery, in which participation can bring both profit and loss. It’s worth remembering this when you press the button.

Photo myavtomobili.ru

A sincere desire to save money, instilled in childhood and sewn into the subcortex, albeit through an incredible number of frauds and gestures, sometimes encourages Russians to move in an unpredictable direction. In the case of buying a car, this “internal code” leads to absolutely incredible decisions: citizens are not ashamed of “crooked” documents and an unfounded hope of restoring records, or even serious body damage. Nothing: We’ll fix it, it’s still fun!

So, a suffering person without knowledge and experience ends up at an insurance auction, where cars are sold that are recognized as unfit for further operation. The insurance company has no other cars, except the “total”. Some buy them for scrap, but others plan to restore them and drive them. Ambitious. But the insurance auction has one trifle – the car cannot be inspected in person: only photos. As a rule, they are quite detailed, the essence and depth of the damage are visible on them, but it is impossible to see the hidden, let’s say, “features”. But it is they who often become a “stumbling block” for car restoration.

How to determine the behavior of the cylinder head from the photo? Not really. How to find out that the generator has burned out and the engine has stalled? Not really. The car won’t start after the crash. The battery terminal fell off or the motor was caught in a knot – a big question. But there are also much more dangerous functions. For example, no one is immune from the fact that a car bought at auction will arrive exactly in the same configuration and generally in the form in which it was sold.

Everyone wants to make money, including the employees of the parking lot, where these cars are sometimes parked for years. Naturally, they are quietly dismantled, spare parts are sold, and the serviceable one is replaced with the broken one. Especially when it comes to a car that won’t start. Okay, if you’ve changed tires, do one more little thing, it’s fixable. But no one at the insurance company checks the cylinder head, generators and starters, blocks, dashboards, the presence of airbags and other options. The car is sold “as is”, and all subsequent problems are assumed by the buyer.

And as a result, it “gets” not only body repairs, but also the restoration of the entire engine compartment and other delights that were not foreseen in the original estimate. The purchase price is growing rapidly, “and things are still there.”

Moreover, it is not at all a fact that the vehicle will go. Yes, and it is almost impossible to correctly calculate the cost of spare parts, the price of which changes every hour. In short, an insurance auction is a lottery, in which participation can bring both profit and loss. It’s worth remembering this when you press the button.

Source: Avto Vzglyad

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