Step 1: Keep an eye on listings in local papers Often police auctions will advertise upcoming dates along with a listing of items and vehicles for sale. Step 2: Look online. Step 3: Discover the terms of the sale. Step 4: Examine auction listings.

1) When buying a new car, the value of the car falls as soon as you drive it off the showroom floor. With repossessed cars, that value has already taken the plunge and it loses value more slowly.2) Depending on the brand, you save a lot of money on a repossessed car. Some brands lose value faster than other brands.3) When buying a relatively new re

Contact your insurance company for the percentage of market value that it uses for determining salvage value. Although the percentage can vary, it is typically 75 percent of market value.Multiply the car's current market value determined earlier by 0.25 (1.00 minus 0.75) to find its salvage value.