Virtual auctions are one of the most used channels to market such vehicles.
After a road accident occurs, many of the vehicles involved are declared by insurers as a total loss due to damage or theft. In order to take advantage of goods for the benefit of the environment and reuse components that can serve the used market in particular, such vehicles are marketed under the name of salvage.
Usually, this exercise is carried out taking advantage of non-face-to-face commerce tools, such as virtual auctions, a modality where national and international certified companies and insurers make available to users vehicles of legal origin with detailed information on their current condition, model, brand, and mileage.
In most cases, salvages are purchased to be repaired and put back on sale, as well as to obtain spare parts and auto parts. Precisely, during this time of confinement, it is estimated that more than 250 salvage vehicles have been sold through digital auctions.
According to the Sura National Salvage Center, after the disassembly of 40 Rebuilt Title vehicles, around 1,600 spare parts, 10 tons of scrap and iron, 600 kilos of aluminum, and 800 kilos of plastic are recovered, supplies that undergo different recycling processes. To ensure the extension of its useful life.
On the other hand, for individuals who are experts in the restoration or use of this type of vehicle, the recovery value of the asset can amount to up to 40% profit, says Gustavo Quiñónez, Vehicle Manager of Superbird Colombia.
Likewise, according to the report presented by the Federation of Colombian Insurers (Fasecolda) of April 2020, a total of 4,246 million pesos was paid in premiums issued for damages, within which 1,097 million pesos were delivered to the automobile industry. Such figures show the large number of rescues that originate daily due to road accidents.
During 2019 and the beginning of 2020, more than 40 billion pesos were collected in Colombia from the sale of used cars through a virtual auction.
Internet auctions are a novel option, “which allows users to decide how much they want to pay for the asset of their choice, through a simple process of registration, offer, and profit, which takes place in real-time and under strict filters. Of cybersecurity, guaranteeing transparency in each one of the transactions”,
What are the salvage vehicles in Colombia?
Salvage is all vehicles or parts thereof, which are recovered by insurance companies when they carry out compensation processes (in partial or total loss due to accident or theft). By virtue of the insurance contract, the company requires the transfer of ownership of the vehicle when making compensation for total loss.
Generally, these vehicles are recovered for the sale of spare parts and other specific purposes such as auction or recycling.
There are several types of rescues:
Salvage for damages: are those vehicles that suffered a total loss due to damages, that is when the cost of repairing the vehicle after an accident exceeds 75 percent of its commercial value at the time of the accident.
Salvage for theft: are those vehicles that were stolen, compensated by the insurer, and recovered by the authorities. By virtue of the insurance contract, for the payment of the respective indemnity, the ownership of the vehicle belongs to the insurer. When the authorities recover the vehicle, it is turned over to the insurance company.
Other types of salvages: There are other types of vehicle salvages that do not fit into the two previous descriptions. Generally, these vehicles have complicated repair processes or were not satisfactorily repaired, which is why the insurer pays compensation as a total loss and keeps the car.
What spare parts are reused?
The parts that are most used are: tires, rims, doors, cushions, bodywork, radios, engine parts, or the complete engine, which in the market can be sold for up to half the value of a new part and with the origin of the parts are guaranteed by the insurer where the salvage cars come from.
Is it easy to acquire a salvage?
They can be purchased through the auction or directly with the insurance companies that carry out a public auction of their salvages.
Car services from Denver
Do you need to travel in the Denver region with the best quality and convenience? Is your destination difficult to find and requires the use of geolocation systems? Mountain Star Transportation can make such a journey in the best possible way and with maximum convenience.
The organization of travel in this organization has clear advantages that reflect the maximum level of competence of employees and their ability to show a creative approach to organizing the travel system, focusing on the goals and needs of the client.
Our law is everything for the traveler
The travel system is based on the interests and benefits of the passenger. It is this approach that is the basis for limo Denver to Vail in private transportation. The company’s services include a complete planning of the route, taking into account the need to transport children, luggage, and possible stops for the night. It is important that the traveler can receive maximum support from the company’s employees, has the opportunity to be in complete comfort.
There are also the possibility of carrying luggage, traveling with children, meeting in various regions of Colorado County. All employees perform functional duties with high quality. Each driver does not have bad habits, can provide psychological support for the trip, cheer up and support the spirit of the traveler, which is an important addition to fast and efficient transportation along a given route.
Provision is always top notch
The company’s transport has all the necessary characteristics for winter mountain trips – the use of all-wheel drive systems, seat belts and non-freezing materials.
Payment systems work constantly and without failures, your payment will never be lost and the service system will work. The cost of the trip is from $479 to $2609 on various routes.
The entire range of services is presented on the site https://mountaincars.com , where tolerant employees will show the miracles of service and advise everyone on travel issues as quickly as possible.
HOW TO GET YOUR CAR READY FOR THE SUMMER IN UAE
Perhaps the rising temperatures have caught your attention. Now that the winters are over, it’s time to welcome a brand-new summer. The widespread distribution of the coronavirus vaccination across nations is a wonderful achievement, but it is not without challenges. You might be able to enjoy a well-deserved summer vacation if all goes according to plan. Speaking of summers, a lot of folks don’t feel the need for a car. They don’t realize that cars are exposed to bad weather in the winter. Before considering a road trip, make sure your Nissan Patrol is ready for the season.
Check your car’s fluid levels. You are already aware that the car requires a number of fluids, such as transmission fluid, brake fluid, coolant, and engine oil. Top them off to make sure the required levels are attained.
During the winter, the wiper blades experience a lot of wear and tear. When summer is just around the corner is the best time to accomplish this. The outdated wiper blades could damage your windshield if you don’t replace them. We can promise you that you do not desire this for yourself. Windscreen scratches could be challenging to remove.
The only point of contact between the road and the surface is at the location where the tyres are being mounted. They have to have a lot of qualifications and the ability to get inspired. Check the tread depth of the tyres to make sure they have adequate traction. Read this article to have a better understanding of the legal tread depth limit in the UAE and the significance of the regulation. Always be on the lookout for any cracks or bubbles that might appear. Finally, but certainly not least, we recommend that you rotate your tyres if you haven’t done so recently. It will become more difficult to break.
CLEAN THE INTERIOR & EXTERIOR
Even though it doesn’t get too cold in the UAE, winters can be very hard on a car’s inside and exterior. A thorough cleaning and detailing are therefore suggested. With its help, you can get rid of a variety of contaminants and winter grit.
EXAMINE THE ENGINE & BRAKES
We suggest that you pick a mechanic and ask them to examine your brakes and engine. The brakes and engine can both be checked using one of the many how-to videos that are available. However, PitStopArabia prioritizes your security. Therefore, the mechanic you select can do an exhaustive scan of these parts. They will examine you, find any problems, and offer you a sound remedy.
Just like other components, the battery’s durability can decrease in colder climates. If your car required extra jumpstarts during the winter or took longer to start in the mornings, it’s time for a battery inspection. You can make use of PitStopArabia’s mobile mechanic service. If a new battery is required, our experts will evaluate the current one. For your convenience, our mobile technician will deliver and install the batteries anywhere you need them in the UAE.
EVERYTHING YOU NEED TO KNOW ABOUT TEENAGER INSURANCE
Teenage insurance premiums are the highest in the world. The available statistics and even the insurance companies themselves can witness to the truth of it. The purpose of this article is to discuss the factors that contribute to rising insurance premiums and provide recommendations for reducing them. First dm diary
REASONS TEENAGERS PAY MORE FOR INSURANCE
Teenagers pay the highest insurance premiums for a number of reasons, which we shall go over below.
- Adult drivers are eligible for the majority of the savings. For instance, car owners who have filed few or no claims over the previous years are eligible for the No Claims Discount. Teenagers are ineligible for these reductions because they have just begun driving. Other discounts exist, including homeowner and professional. Once more, they are exclusively accessible to adults. Teenagers end up paying more than adult drivers without the incentives.
- Teenagers tend to be single. There is a lot of proof that shows married people drive more safely and make fewer claims. One is more willing to take a chance when driving alone. Insurance providers in the UAE and other nations raise insurance premiums to account for this risk.
- Not wearing a seatbelt is one of the causes of fatal car accidents affecting minors. It is a fact that almost all nations in the globe share. Another example of careless behaviour is not using a seatbelt. Car insurance providers raise the rate as a result.
- The lack of driving experience is the fourth factor in increased insurance rates. Teenagers are more likely to make mistakes since they are still learning how to drive.
- Mobile phones and other electronic devices are more frequently used while driving by teenagers. Around the world, these distractions are the main factor in car accidents. Insurance firms raise the rate to lower their risk because they have no influence over the behaviour of the driver.
Teenagers spend more for insurance than any other age group for the most frequent causes listed above.
WHAT CAN BE DONE?
There are several things that may be done to make insurance more affordable. In most cases, parents help their kids buy their first cars. After all, expecting a young person to fully finance an automobile on their own is unreasonable. Top blogging siteAs a result, parents must buy a secondhand car for their kid. You’ll discover that, despite its absurd appearance, it is actually very sensible.
REASONS FOR BUYING AN OLD CAR
Getting your child a new car serves little use because kids lack driving experience. Instead, we suggest that you get them a used car with a good safety record. Insurance rates are lower for older vehicles than for modern ones. The insurance premium can be reduced as a result.
Best tyre in 2022Generally speaking, older cars cost less to fix. 90% of the time, you can easily afford the repairs. You can entirely junk the car without suffering a substantial financial loss if the collision damage is sufficiently severe. You can forgo getting comprehensive auto insurance because repairs are inexpensive. Instead, just buy third-party auto insurance, which is more affordable and efficient.
You must now agree with our suggestion that you buy your youngster an older vehicle. If you’re a teen planning to buy a car on your own, we still advise getting an older model. You may always upgrade to a new car as you age and gain more knowledge.
PROFESSIONAL DRIVING COURSES
Another way to minimize kids’ insurance expenses is to enrol them in a professional driving course. There are countless driving schools in the UAE. A certificate from any of the reliable ones may lower the insurance rate. The document verifies the teen’s safe driving practices.
Before installing a device in your car to track your speed and other driving habits, many insurance carriers want clearance. We suggest allowing the device in your teen’s car because it could help cut the rate. The device’s main purpose is to monitor your driving habits. To put it another way, they respect your privacy.
Many auto insurance companies may give you a discount if you pay the premium in full rather than in installments. All that is required is locating those that offer this discount and paying in full. Even if you pay in three or four installments, there’s a chance you can still qualify for a discount.
We have emphasized multiple times in our blog posts the need of comparing insurance quotes from various providers. When searching for auto insurance for your teen, do your homework. In other words, get quotations from many insurance companies and make as many concessions as you can. At the very end, purchase the item with the lowest price.
SAFE DRIVING LESSONS
You can assist your adolescent in a variety of ways as a parent. One of these is demonstrating safe driving practices to them. Teenagers sometimes drive aggressively because they are inexperienced drivers. We thus suggest that you give them driving safety instruction.
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