A Comprehensive Guide to Buying Cars at IAA Auctions

If you’re in the market for a great deal on a car, truck, or SUV, IAA (Insurance Auto
Auctions) is a platform worth exploring. As one of the leading vehicle auction companies
in the world, IAA specializes in selling salvage, used, and even lightly damaged
vehicles. Whether you’re a car enthusiast, a DIY mechanic, or someone looking for a
budget-friendly ride, IAA auctions can offer incredible opportunities. However, the
process can be overwhelming for first-time buyers. In this guide, we’ll break down
everything you need to know to confidently buy cars at IAA auctions.

What is IAA?

IAA, or Insurance Auto Auctions, is a global leader in vehicle auctions, offering a wide
range of cars, trucks, motorcycles, and other vehicles. Many of the vehicles sold at IAA
are salvage or damaged cars from insurance companies, but the platform also features
clean-title vehicles, fleet vehicles, and more. IAA auctions are primarily online, making it
easy for buyers to participate from anywhere in the world.

Step 1: Understand the Types of Vehicles Available

Before diving into the auction, it’s important to familiarize yourself with the types of
vehicles IAA sells. Here’s a breakdown:

1. **Salvage Vehicles**: These cars have been damaged (e.g., in accidents, floods, or
   hail) and are often sold for parts or repairs. Some can be restored, but they may require
   a salvage title.
2. **Clean Title Vehicles**: These are used cars in good condition with no significant
   damage. They’re ideal for those looking for a reliable daily driver.
3. **Repairable Vehicles**: These cars have minor to moderate damage but can be
   repaired and put back on the road.
4. **Parts Cars**: These vehicles are typically sold for their usable parts and are not
   meant to be driven.

Step 2: Create an IAA Account

To participate in IAA auctions, you’ll need to create an account on their website. Here’s
how:

1. Visit [IAAI.com] (https://www.iaai.com) and click on “Register” or “Sign Up.”
2. Provide your personal information, including your name, email, and phone number.
3. Choose your membership type:
   • **Basic Membership**: Free but limited to bidding on vehicles for parts only.
   • **Full Membership**: Requires a fee and allows you to bid on drivable vehicles. You may also need a dealer’s license or a broker to access certain auctions.

Step 3: Research the Vehicles

Once your account is set up, start browsing the inventory. Use the search filters to
narrow down your options by make model, year, location, and vehicle condition. Here
are some tips for researching:

1. **Check the Vehicle History**: Use the VIN (Vehicle Identification Number) to pull a
   vehicle history report through services like Carfax or Auto Check. This will give your
   insight into the car’s past, including accidents, title status, and odometer readings.
2. **Inspect Photos and Descriptions**: IAA provides detailed photos and descriptions
   of each vehicle. Look for signs of damage, rust, or missing parts.
3. **Set a Budget**: Determine how much you’re willing to spend, including auction fees,
   transportation costs, and potential repair expenses.

Step 4: Understand the Auction Process

• IAA auctions are conducted online, and bidding can be competitive. Here’s how it works:
• **Preview the Auction**: Before the auction starts, review the vehicles you’re
  interested in and set a maximum bid.
• **Place Your Bid**: During the auction, you can place bids in real-time. IAA uses a
  proxy bidding system, which means you can set your maximum bid, and the system will
  automatically bid on your behalf up to that amount.
• **Winning the Auction**: If you’re the highest bidder when the auction ends, you’ll
  win the vehicle. Be prepared to pay immediately, as IAA requires prompt payment.

Step 5: Factor in Additional Costs

Winning the auction is just the beginning. Here are some additional costs to consider:

1. **Buyer’s Premium**: IAA charges a buyer’s fee, which is a percentage of the
   winning bid. This fee varies depending on the vehicle and your membership type.
2. **Transportation**: Unless you’re picking up the vehicle yourself, you’ll need to
   transportation. IAA offers shipping services, or you can hire a third-party transporter.
3. **Repairs and Maintenance**: If you’re buying a salvage or repairable vehicle, factor
   in the cost of repairs and any necessary parts.

Step 6: Pick Up or Ship Your Vehicle

Once you’ve paid for the vehicle, you’ll need to arrange for pickup or shipping. If you’re
picking it up yourself, bring the necessary documentation, including your invoice and
photo ID. If you’re using a shipping service, provide them with the vehicle’s details and
location.

Step 7: Title and Registration

If you plan to drive the vehicle, you’ll need to obtain a title and register it in your name.
The process varies depending on your state and the vehicle’s condition. For salvage
vehicles, you may need to complete repairs and pass an inspection before the car can
be legally driven.

Tips for Success at IAA Auctions

1. **Start Small**: If you’re new to IAA, consider starting with a lower-priced vehicle to
   get a feel for the process.
2. **Attend a Live Demo**: IAA offers live auction demos to help beginners understand
   how the bidding works.
3. **Use a Broker**: If you don’t have a dealer’s license, consider using a licensed
   broker to access more auctions.
4. **Be Patient**: Finding the right car at the right price can take time. Don’t rush the process.

Final Thoughts

Buying a car at an IAA auction can be a rewarding experience if you do your homework
and approach the process with caution. With a wide selection of vehicles and the
potential for significant savings, IAA is a great option for car enthusiasts, DIY
mechanics, and bargain hunters alike. Just remember to research thoroughly, set a
budget, and factor in all additional costs to ensure a smooth and successful purchase.
Happy bidding, and may you find the car of your dreams at an unbeatable price!

Have you ever bought a car at IAA? Share your experience in the comments below!