As a salvage exchange, one calls a platform on which buyers, accident vehicles or vehicles with total loss, can buy at auction. In addition, residual value exchanges, serve to determine the residual value of these accident vehicles. Overall, salvage exchanges are used by many parties to buy and sell. Generally, the market for used cars is much larger than for accident vehicles, so many platforms combine salvage exchanges with the used car trade.
One difficulty with using a pure salvage exchange is that you have to pay close attention to the purchase conditions to find out what exactly you are buying. Otherwise, buying and selling vehicles on used car portals and salvage exchanges are similar. Sellers have to provide the information about the vehicle and buyers can bid on these vehicles in different ways. At CarOnSale, we offer transparent buying and selling of used cars as well as accident vehicles for commercial customers on our platform. With our COSCheck and our unique remarketing technology, sellers and buyers are well supported.