Auctions

[Alljackedup408]

Ok you auction people.... I have a question. Might be stupid... but... i am curious.

Why would a truck like this sell at an auction? Shouldn't it just be scrap to a junk yard?

https://www.iaai.com/Vehicles/VehicleDetails.aspx?auctionID=0&itemID=7723654&RowNumber=15#

 

[La Bestia]

I'd give them $5 for it if the auction was within 5 miles of a scrap yard. My first thought was that someone would want the frame for a custom buggy but a 250 would be a pretty heavy frame and it's hard to tell from the pictures but it might be jacked up from the heat from the fire.

 

[Stumpuller6.5]

thats rediculous, its half melted down already!

it IS scrap!

 

[dietz4ibanez]

Ok you auction people.... I have a question. Might be stupid... but... i am curious.

Why would a truck like this sell at an auction? Shouldn't it just be scrap to a junk yard?

https://www.iaai.com/Vehicles/VehicleDetails.aspx?auctionID=0&itemID=7723654&RowNumber=15#

The only thing that I could think of if it was a repo fraud where the repo company was coming to get so the people did this to it...

The only reason they would sell it at the auction would be to sell it for whatever they could and then the people that owned it would have to pay the rest...


Or the same if an insurance company had a client that was at fault for the damages to this vehicle and they were trying to recoup some of the money for it...

 

[Alljackedup408]

Ok you auction people.... I have a question. Might be stupid... but... i am curious.

Why would a truck like this sell at an auction? Shouldn't it just be scrap to a junk yard?

https://www.iaai.com/Vehicles/VehicleDetails.aspx?auctionID=0&itemID=7723654&RowNumber=15#

The only thing that I could think of if it was a repo fraud where the repo company was coming to get so the people did this to it...

The only reason they would sell it at the auction would be to sell it for whatever they could and then the people that owned it would have to pay the rest...


Or the same if an insurance company had a client that was at fault for the damages to this vehicle and they were trying to recoup some of the money for it...

I just dont understand. It cant be worth more than $100 bucks tops. I cant see it even being worth the hassle. Transportation of it ect.

 

[buckshot85]

maybe the front and rear bumpers

WTF goes through peoples heads now a day lol

 

[Alljackedup408]

with the ammount of heat there.. I wouldn't touch a single thing... thats left.

 

[Zembonez]

I've seen Suburbans sell for a couple of thousand dollars that look like this. The buyer gets a title and a VIN. He (or somebody) steals another Suburban, puts the VIN of the salvage vehicle on it, and sells it to another country... since they now have paperwork that says they own it. It's the same for any vehicle.

It (the stolen one) ends up on a container ship headed for parts unknown and the bruned one ends up cut up and in a metal recycling plant..

You'd be amazed. Insurance companies look the other way because they are getting major cash for basically nothing. I'm registered with IAA and Copart and it is amazing to see who you are bidding against on cars. UAE, Russia, and every central American and south American country have people bidding on these cars. They can clean up their drug money by buying cars, exporting them, and making back 75 cents on the dollar... They still make loads of cash.

Ain't it great?

 

[davbell22602]

If the rearend survived the fire then I'd pay $300 at the most. The front bumper looks to be salvageable.

 

[PenguinLTZ]

I've seen Suburbans sell for a couple of thousand dollars that look like this. The buyer gets a title and a VIN. He (or somebody) steals another Suburban, puts the VIN of the salvage vehicle on it, and sells it to another country... since they now have paperwork that says they own it. It's the same for any vehicle.

It (the stolen one) ends up on a container ship headed for parts unknown and the bruned one ends up cut up and in a metal recycling plant..

You'd be amazed. Insurance companies look the other way because they are getting major cash for basically nothing. I'm registered with IAA and Copart and it is amazing to see who you are bidding against on cars. UAE, Russia, and every central American and south American country have people bidding on these cars. They can clean up their drug money by buying cars, exporting them, and making back 75 cents on the dollar... They still make loads of cash.

Ain't it great?

That is truly interesting. Wow! I had no idea.