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Understanding Vehicle Details Before Bidding

We always recommend that you research a car completely before you buy it. GreenSalvage gives you a head start by displaying the lot details as provided by the Copart. So even though this is not a complete vehicle history, the listing will give you a starting point for the rest of your research! Below is an explanation of some of these details.

Actual Cash Value
This is the estimated retail value, as disclosed by the vehicles seller to Copart. This is usually the Kelly Blue Book value prior to any damages the car may have received before being brought to the Copart lot.

Estimated Repair Cost
This is the estimated cost to repair the vehicle as submitted to Copart by the seller of the vehicle. The cost Listed here could vary greatly from the actual cost due to many variables, such as use of recycled parts, labor rates, paint times and many other factors. This number is presented for informational purposes only.

Ownership Document Type
Every vehicle sold through Copart comes with documentation. Typically, you will see it listed as a Title or Salvage Certificate, indicating if it is a clean/clear item or a salvage vehicle. Some documents may indicate that it is for Parts-Only, which, depending on the state, could mean it will not be street legal. You’ll want to speak with the DMV in your state to find out if it can be registered. If an item is listed as having a Bill of Sale, it does not have a title or certificate, and only comes with a bill of sale.

Here’s a straight-forward one: If the item had keys when it was brought to the yard, it will be listed as “YES”. If it did not have keys, it will be listed as “NO”. Bear in mind that even if it is listed as Yes, Copart cannot guarantee that keys will be with the item when the item is sold. So just contact our support team before bidding to help confirm if an item has keys.

Auction Verification
If the item does have keys, then Copart will try to start the engine and determine if it can move under its own power. If the car can do both, it will be listed as “Run & Drive Verified”. If it starts, but it does not move, it will be listed as “Engine Starts” or “Starts”. If it does not have keys, or is not able to be verified, then you will not see any verification listed.

Now that you know these terms you can start your research with confidence and win the car of your dreams!

This post first appeared on Top 5 Dirt Bikes NOT For The Fainthearted!, please read the originial post: here

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Understanding Vehicle Details Before Bidding


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