Insurance Auto Auction Tidewater – The Best Place to Get Your Dream Car

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Are you looking for a reliable and affordable way to buy a car? Look no further than the Insurance Auto Auction Tidewater. This auction is the perfect place for those looking to buy vehicles that were once deemed as salvaged by insurance companies. In this article, we’ll guide you through everything you need to know about the IAATW and how you can make the most out of it.

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What is Insurance Auto Auction Tidewater?

Insurance Auto Auction Tidewater (IAATW) is primarily a branch of Insurance Auto Auction Inc. (IAA), which is a leading global digital marketplace that connects vehicle buyers and sellers. The IAATW is located in the heart of the Chesapeake, Virginia Beach, and Norfolk area. It offers professionally conducted online auctions, which allows you to bid on thousands of vehicles from the comfort of your home.

The IAATW works with insurance companies, car dealerships, and anyone who has salvage cars to dispose of their vehicles. The auction house specializes in selling vehicles that were designated as totaled or salvage due to floods, accidents, thefts, or other types of damage. This means that buyers will find a wide range of vehicles that are in different conditions, ranging from completely totaled to slightly damaged.

What Types of Vehicles Can You Find at IAATW?

Since IAATW deals mostly with salvage cars, you’ll find different types of vehicles, including cars, trucks, SUVs, motorcycles, and even boats. These vehicles come from insurance companies, rental car companies, fleet owners, and individuals. The auction house’s inventory includes both domestic and imported vehicles, with year models ranging from the 1980s to the latest models.

At IAATW, you’ll find vehicles that have different titles, including:

Title Type
Description
Clean Title
This title is issued to vehicles that have not been in any accidents or have not been salvaged.
Salvage Title
This title is issued to vehicles that were involved in accidents or experienced significant damage. The cost of repairing such vehicles is higher than their actual value.
Rebuilt Title
This title is issued to vehicles that were salvaged and then repaired and undergone other inspections as required by the state’s DMV.
Junk Title
This title is issued to vehicles that are beyond repair and are sold for scrap.

How to Buy from Insurance Auto Auction Tidewater?

If you’re interested in buying a car from IAATW, you must have a valid state-issued driver’s license and a refundable deposit of $400. You can register to bid online or in person by visiting the auction house’s website. You can also download the IAA Buyer App for Android or iOS devices.

IAATW allows buyers to bid on vehicles in real-time through a live online auction. The website provides detailed information about each vehicle’s condition, including photos, videos, and the vehicle identification number (VIN).

Before bidding, make sure that you’ve thoroughly researched the car’s history and the total cost of repair. You can also schedule an inspection of the vehicle by a licensed mechanic. Most importantly, set your budget limit and stick to it, and don’t get caught up in a bidding war.

Why Buy from Insurance Auto Auction Tidewater?

Buying from IAATW has several benefits, including:

  • Wide Range of Inventory:

    • IAATW has an extensive inventory of salvage vehicles, which means that you’ll have a wide range of options to choose from, depending on your budget and needs.

  • Competitive Prices:

    • The auction house allows you to buy cars at competitive prices, which can save you thousands of dollars compared to buying similar models from car dealerships.

  • Transparent Buying Process:

    • The auction house provides detailed information about each vehicle’s condition, history, and repair costs, which helps you make an informed decision.

  • Convenient and Safe:

    • You can buy a car from IAATW from the comfort of your home, and the transaction process is secure, making it a safe and convenient way to get your dream car.

Frequently Asked Questions

What Is a Salvage Car?

A salvage car is a vehicle that was damaged in an accident or natural disaster, and the cost to repair it was more than the value of the vehicle. Insurance companies deem such vehicles as “totaled” and sell them to salvage yards or auction houses like IAATW.

How much money can I save by buying a salvage car?

You can save a significant amount of money by buying a salvage car, depending on the vehicle’s condition, make, model, and year. Salvage cars typically sell for 20% to 30% less than their market value.

Is it legal to buy a salvage car?

Yes, it is legal to buy a salvage car, but you must be aware of the car’s condition and history before buying it. Salvage cars may have hidden damages or require extensive repairs, which can cost you more than you initially anticipated.

What is the difference between a clean and salvage title?

A clean title is issued to vehicles that have not been in any accidents or have not been salvaged. A salvage title is issued to vehicles that were involved in accidents or experienced significant damage, and the cost of repairing such vehicles is higher than their actual value.

Do I need to have experience in car repairs to buy a salvage car?

No, you do not need to have experience in car repairs to buy a salvage car, but you must be prepared to spend money on repairs and maintenance. It’s essential to do your research and have a licensed mechanic inspect the car before buying it.

In conclusion, Insurance Auto Auction Tidewater is an excellent place to buy a car at a competitive price, especially if you’re on a tight budget. The auction house has a wide range of vehicles, and the buying process is safe and convenient. Just make sure you do your research, set your budget limit, and stick to it.

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