Average Time Before A Vehicle Is Ready For Sale On Iaai (insurance Auto Auctions Inc.)?
I've been waiting for this truck to be put up for sale FOREVER. I know IAAI has to receive the title from the insurance company before the can put the truck up for sale but its been like 3 months. Trucks that are completely wrecked that are put up after this truck sell first, but this truck has no damage so i dont know why its taking forever. I know it takes insurance companys forever to do paperwork but 3 months!? if you know the average time for vehicles on IAAI or any other salvage auto auctions it would be great. Til then, the wait continues
US $16,500.00
There can be many reasons for the delay. If the payoff on the truck is more than the insurance settlement, the owner of the vehicle would have to come up with the difference before the lien holder would release the title.
There may be a lawsuit involved. There may be other issues with the vehicle, such as it having been stolen and the VIN altered, and there may be a delay in getting that straightened out. Without knowing the history of the vehicle, there is no way to be sure.
What happens is the insurance companies have the vehicles towed to IAAI (or another company) to avoid paying storage at tow companies. The insurance companies have a special deal, where the sale company does not charge them for storage. Sometimes the insurance company ends up selling the vehicle back to the owner, if it is a total loss. In that case, the car will never hit the auction block.
There is also the possibility that an employee at IAAI wants to buy the vehicle, and it may be slipped into a sale at the last minute, to try to keep the bidding down. Some locations of IAAI are worse about things like that than others.
Hello, I work with Copart auto auctions.
The issue is likely between the Insurance company, a finance company, and the driver of the car. The insurance company cannot relase the car for sale if there is an investigation against it. Also, they cannot sell the car until all parties have signed off on the sale.
Title issues can take time. I have 4 cars at my location that I picked up Feb 3. Its taking that long for everyone to sort out their issues.
Sometimes it can take as little as a few days – others can take months. Be patient, or shop for another truck.
not all cars hit the public part of the auction that stove you are waiting for may be gone//or it may be held up for years in litigation for trials//your kids may graduate before then
Traveling on business CAN change things, depending on the border official and point of crossing.
Get your insurer to fax you a temporary slip, proof of insurance is imperative, and a photocopy of registration will suffice. YOU MUST HAVE BOTH. Not so much just to cross the border, but to drive in Canada.
Do not tell the border guard the nature of your trip other then "meeting with clients." Their authority cannot be challenged, and nobody likes debt collectors, period.
i'd use a cement truck
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