where can i buy insurance write offs??

sc86

im in the trade just looking to see if anybody can point me in the right direction
looking to buy wrote off/damaged cars from insurance companys
is there any accessors or anybody on herec can help me or advise
thanks

mickdw

As far as I know, the insurers allow the trade to make offers for their cat c & d cars. I guess you should just contact the main insurance companies. Provided you are in the trade & all above board, you should be able to buy up their stuff.

-Corkie-

mickdw wrote: »

As far as I know, the insurers allow the trade to make offers for their cat c & d cars. I guess you should just contact the main insurance companies. Provided you are in the trade & all above board, you should be able to buy up their stuff.

+1 AFAIK most traders get emails from the likes of Aviva and then they bid on the car until its sold.

Not a great footing to start of on OP buying write offs and repairing them.

MidlandsM

sc86 wrote: »

im in the trade just looking to see if anybody can point me in the right direction
looking to buy wrote off/damaged cars from insurance companys
is there any accessors or anybody on herec can help me or advise
thanks

if you're in the trade, you should know this kinda stuff;)

HJL

-Corkie- wrote: »

Not a great footing to start of on OP buying write offs and repairing them.

At least I know who not to buy my next car from !!

Damokc

is this fella for real?!!!!:eek:

Skullsri

Maby its for parts he wants them for plenty people buy insurance write offs for the same reason..

sc86

-Corkie- wrote: »

+1 AFAIK most traders get emails from the likes of Aviva and then they bid on the car until its sold.

Not a great footing to start of on OP buying write offs and repairing them.

who said anything about repairing them?

Skullsri

Maby its for parts he wants them for plenty people buy insurance write offs for the same reason..

sc86

MidlandsM wrote: »

if you're in the trade, you should know this kinda stuff;)

its not a part of the trade i have ever being involved with
i mainly deal in the parts end of things
incredibly over the years i have no accessers i could call
strange as i even done a year on the course in bolton street

tommy21

http://www.boards.ie/vbulletin/showthread.php?t=2056372272

sc86

whats that got to do with me?
i havnt time to read 4 pages of a thread

tommy21

sc86 wrote: »

whats that got to do with me?
i havnt time to read 4 pages of a thread

Maybe you guys could help each other out?

sc86

im lost to be honest tommy as to what your talkin about

anybody got any contacts for me
thanks

sc86

honest to god mate, im sorry i asked
talk about jumping to conclusions

where the hell do these guys think scrap yards get all there stock lol

R.O.R

As long as it's done right, there isn't an issue with repairing cars that are a financial write off.

lifer_sean

Autobreak in Limerick usually have a selection of repairables for sale, and can often provide the secondhand parts that would be required. Might be worth a try.

The auctions (Merlin, Wilsons, etc) sometimes have damaged cars for sale also, since the banks sometimes repo damaged cars. Might be value there since most people won't bid on them.

On the breaking side, remember the enviromental side has that tied up in red tape big time. You will need a waste permit to buy breakers, and will need a waste transport permit for the vehicle bringing them home.

You could try bluecycle as an online auction for damaged cars - I think they have an Irish wing as well as the UK wing but I could be wrong.

Finally, have you tried contacting the insurance companies to see if you can register for their online auctions ?

Hope this helps.

sc86

i am aware of the auctions and websites mentioned but the stuff is to dear, i want a direct link to the company without the middleman, the price on them sites are to the public so no use to me really

i am also aware of all permits needed thats no problem either

thanks

MidlandsM

sc86 wrote: »

i want a direct link to the company without the middleman

thanks

those days are long over.....;)

lifer_sean

As far as I know all cars are sold off via auction, but the insurance companies run their own online auctions (bluecycle is an example of this). I'd expect that you cannot register for these sites for buying breakers without the waste permits etc. Should be able to buy repairers that way but I'd expect that you would need garage codes, vat numbers, etc. You certainly need a garage code to buy finance repos directly from the banks.

Of course the reason why stuff is sold at auction is to get the best possible residual price, and achieving the maximum price that anyone will give for a given item, hence bargains will not be common.

I agree that the cars through the middlemen such as the guy in Nenagh, etc, are definitely too dear. These guys soak up any potential profit that might have been there.

MidlandsM

No, not all stuff is sold off via auction.

You've got to be on the preferred buyers list with the major insurers.
The Claims Managers of those co's settling claims will put out the vehicles for bid. The best bid wins, payment by electronic transfer, the breaker/salvage operator collects the vehicle and VLC is obtained from the insured and forwarded to the breaker. Thats it.

lifer_sean

MidlandsM wrote: »

No, not all stuff is sold off via auction.

You've got to be on the preferred buyers list with the major insurers.
The Claims Managers of those co's settling claims will put out the vehicles for bid. The best bid wins, payment by electronic transfer, the breaker/salvage operator collects the vehicle and VLC is obtained from the insured and forwarded to the breaker. Thats it.

Thanks for the clarification. So it's more like an online tender system, a closed one in the sense that it's for selected purchasers only ?

I have seen UK leasing companies wanting your bank details when you register so that they can direct debit what you owe them when you buy something. Do the insurance companies do this approach or have you to initiate the bank transfer ?

MidlandsM

lifer_sean wrote: »

Thanks for the clarification. So it's more like an online tender system, a closed one in the sense that it's for selected purchasers only ?

I have seen UK leasing companies wanting your bank details when you register so that they can direct debit what you owe them when you buy something. Do the insurance companies do this approach or have you to initiate the bank transfer ?

dunno about the uk, but thats the craic here Sean:pac: