Iaai (Insurance) car auction from the USA

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IAAI Auction

IAAI is perhaps the most famous of the US auctions specializing in the purchase/sale of used cars. It successfully competes with sites such as Copart and Manheim. Buyers of IAAI are attracted by clear rules, an interesting interface and a large amount of information offered on each car.

Vehicles come to IAAI directly from insurance companies, which distinguishes it from other auctions presented on the Internet. There are other differences, we will talk about them below.

The sites IAAI are not available in all American states, that is, when purchasing a car, ask which of them the vehicle is located on.

Selecting a car at the IAAI

At the first stage you should decide on a budget. What is the maximum cost of the purchased car? And also the brand and year of manufacture of the vehicle.

Perhaps you are not initially ready to answer these questions. Then just look at the cars on offer, get your bearings and everything will become clear. Otherwise, you should contact market professionals who specialize in this auction. They will advise you and help you choose several car options. At the American auction IAAI vehicles of a higher class of equipment are presented at lower prices than in Europe.

At the second stage — You make a choice of a specific car for which you would like to compete from those previously selected or offered to you.

On the third — you need to check the vehicle history, look at critical damage, and get an idea of the cost of repairs.

The fourth stage — the auction itself, the fight for the car. However, you cannot go beyond your budget, since buying at a US car auction IAAI is, first of all, a benefit.

At the fifth stage — you buy a vehicle and enter into an agreement to transport it to Ukraine. Then comes customs clearance, registration and repairs.

IAAI Auction Review

At auction IAAI they buy cars from America at a profit, even if repairs are necessary. Most of the vehicles presented on the site — cars after accidents, thefts and other troubles. The bulk of sellers — Insurance companies. But there are also dealers. The rules of the auction are more stringent than those of competitors.

Registration on the site is free, but this type of account does not imply participation in trading, but only observation. But it allows you to get acquainted with the rules, select a vehicle, and find out information about it.

The advantage of the US car auction IAAI is good reviews of the offered vehicles: video, photos, engine starting, etc.

IAAI offers several auction options. The first is Onsite (Onsite auction) / Its feature — bidding takes place where the lot is located. Only holders of special licenses participate.

Second — Online (Online Auction). Everyone who has an account on the auction website takes part here. That is, you can take part in it, even while on the other side of the world. Once you win, be sure to pay for your purchase. Otherwise, you will be blocked forever.

And finally, the third option — Exotic (Exotic Car). It sells luxury car models. The auction can take place both online and offline. In most cases, a license is required.

IAAI auction advantages

IAAI — This is an insurance auto auction in the USA. That is, insurance companies supply transport for it. This results in several important advantages:

Firstly, insurance companies are not interested in repairing and improving vehicles before selling them. Their main goal — sell it as quickly as possible, relieving yourself of responsibility for the car. Some sellers, but at other auctions, sin by trying to raise the cost of the car by repairing it (usually of poor quality). But on IAAI, you won’t find such vehicles.

Secondly, cars at the insurance auction initially have an adequate price, since they came directly from the owners to the insurance company and were immediately put up for sale. Insurers are interested in quickly selling the vehicle.

Thirdly, insurance companies provide a large number of photographs and complete information about the car. In the photographs you can see all the damage in detail. Photos are not always of high quality, but this is enough for verification.

It is also worth paying attention to the fact that you need to not only quickly navigate the purchase of a vehicle on IAAI. It is necessary to pick up the car from the site as soon as possible, since for each day of downtime the buyer must pay 1% of the cost of the car.