Auctions

[dietz4ibanez]

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?

There is a loop hole for every loop hole.

 

[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?

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

You'd be shocked to see what totaled cars sell for.

 

[Alljackedup408]

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.

You'd be shocked to see what totaled cars sell for.

And that was an answer I was waiting on!

Thank you Jim,

I knew there was something up with this. LOL

 

[Alljackedup408]

https://www.iaai.com/Vehicles/VehicleDetails.aspx?auctionID=0&itemID=9949912&RowNumber=8#

 

[Zembonez]

It's insane. I've seen people bidding online from the United Arab Emirates and paying retail price for a wrecked car that they have to ship to their country.

Nothing fishy going on there huh?

 

[Alljackedup408]

It's insane. I've seen people bidding online from the United Arab Emirates and paying retail price for a wrecked car that they have to ship to their country.

Nothing fishy going on there huh?

wow. thats nuts.

 

[vansdonk]

In some counties/states, anything that is siezures must be auctioned no matter what condition they are in. This could be the case.

 

[Zembonez]

Criminals know how to clean up money. It's a worldwide thing with the innerwebz. They can bid on cars from anywhere on earth. When I bid on these auctions, I do it with my feet on my desk at home.

 

[GMC4x4]

This one is listed with an Actual Cash Value of $15k.
https://www.iaai.com/Vehicles/Vehic...emID=10354476&RowNumber=23#anchorLoginDetails

Bones, if this goes on, how do we get in on it?