GetWWA.com

Worldwide auto is now on Twitter.  Follow us to get updates on new inventory, usefull rebuilder information or just cool videos and images of wicked car crashes. 

Follow Us Now: SalvageCarsGuru and we will follow back.

Buying salvage cars is not for everyone, but if you want to put a little time into it, you can really get a great deal on a high-end car.  Think of it like buying a fixer-upper home.  The home may be in the perfect location and the right size, but needs a kitchen remodel and an upgrade to the landscape.  If you are handy with tools, you can give it a go yourself and in time you will get it looking really nice.  You could also higher a few contractors and have it in tip-top condition before you even move in.

Salvage cars work the same way.  You may not be able to afford a brand new Lexus SUV, but you can a salvage title Lexus.  If you look for a vehicle that has mainly body damage and minor engine repair, after a few days at the shop, you could have a vehicle in tip-top shape. 

Maybe you are the do-it-yourselfer.  Then salvage title cars are just for you.  You can get excellent deals on cars and feed your addiction to cars by fixing it up.  You can even get parts from your dealer or from a local salvage yard.

Can you get it re-titled?

Yes, each state has its own salvage car rules and regulation.  Check with your local DMV for the process to re-title your salvage car.

Things to Look for when Buying Salvage Cars

Obviously the less damaged the car is the easier it will be to fix, however, the more expensive it will be.  You want to look for vehicles with body damage and preferably in the backend.  Do note, that any car that has been in an accident will most likely need engine repair.  The jolt from the impact often shakes parts loose and possibly damages them.

Often you will find repo or theft recovery vehicles.  These are good deals since the damage on them can be very minimal. 

In any event, a salvage car can allow you to buy a luxury or exotic car at the price of a used Honda, but buyers beware.  You will have to invest in repairs, and just like remolding a house, you can run into unexpected problems.

Disclaimer: Worldwide Auto describes and displays salvage cars to the best of our ability.  We do not guarantee or warrantee any vehicles on our site.  All sales are final.

KAR Holdings, the 2^nd largest auto auction service provider, after Copart, announced its plan of an IPO of $400 million to pay back debt and termination fees to equity sponsors.  Standard & Poor’s who gives the company a corporate credit rating of a B-, notes that the company faces competition and has limited pricing power with customers such as bank and insurance companies.  Although it’s not all bad news for KAR.

KAR Holdings’ primary income comes from auction fees for clean title and salvage vehicles.  From 2004 to 2008, the number of vehicles sold at auction in the U.S. was around 9.4 to 9.7 million and the economic downturn does not appear to have affected this number.   This is good news for KAR and its potential investors.

In 2009 so far, KAR reported an adjusted income of 371.8 million from revenue sources such as auction fees, inspection fees, storage fees and titling.  KAR is especially enticing to investors because of their low capital requirements and high cash flow.

This deal is important to watch, especially for Copart, their primary competition.  We will wait to see if the influx of cash stirs the salvage auction pot.

Let us purchase a salvage vehicle at auction for you.

As a Salvage Car Dealer we spend most of our time at auto auctions.
We have built up relationships with the auction yards, paid the fees
and gotten the licenses.  For a small fee, we will find the car you
are looking for at an auction, purchase it and deliver it to you.

How it Works

First you talk with one of our auction experts.  They will find out
the type of salvage car(s) you are looking for and your buying budget.
 We will then put the radar out.  Through our network of auction yards
and sites we will find the salvage car you want.

We will then bid and purchase the vehicle for you.  Once you pay for
the car in full we can have it shipped to our storage yard or we can
have it shipped directly to you.
Contact an auction expert to find out more.

C.A.R.S.

The environmentally friendly CARS program is not doing much for the
environment in terms of waste.  While there are fewer cars on the
roads that get bad gas mileage there is a back up of cars at the
salvage yards and crusher.  The Automotive Recyclers Association says
that recycling auto parts saves 75 million barrels of oil each year.
The problem is that the Clunkers are not getting recycled.
As part of the Cash for Clunkers program the car’s engine must be
disabled.   Salvage yards are finding it very difficult to verify if a
part is in working condition if they can run the car it is attached
to.

Therefore instead of buying up chucker’s to part-out, salvage yards
are passing them on to the metal shredder.   The “reuse” part of
recycling is the most important step and the CARS program is not
enticing salvage yards to do that.

The goal of the CARS program is to take environmentally unfriendly
cars off the streets and create new jobs.  For every 15 cars junked, a
job is created.  Although there are new jobs being made, the flaw with
the engine disabling rule is missing the target for the little guy.
Instead of a booming salvage industry with buyers going mad over
hundreds of extra parts, salvage yards are looking like graveyards
while the shredder makes bank.   If the engine could have been left
intact while the VIN is registered as a clunker then the salvage yard
could easily part out the inventory, leaving us with only scrap metal
from the useless parts.

Worldwide Auto's website has just been completely redesigned and we've got plenty of great things on the horizon. We are excited about all of the upcoming changes. There are many designs and idea's in the works. We are working hard to completely update our site and provide a ton of new services for our customers.

Coming soon we will have an online checkout so you can put in your down payment on the website without mailing us anything. This will make the order process faster and easier for you. It will be a vast improvement to the user experience.

We've also been working hard with one of our auction providers in Copart to allow you to buy cars directly from the auction. You will be able to log on and bid on the cars yourself. This is an exciting new thing that we are really looking forward to releasing.

We also have a part store coming soon so you can purchase single parts without having to buy the whole car. We are looking forward to providing this as an online serve to our customers. Ordering parts online from us will certainly be a welcome addition by all.

So stay tuned in over the next few weeks as we will be releasing all of this and more. These and many other changes are in the works. We hope you are as excited about it all as we are.