Quote:
Originally Posted by JDMDreams
Is the buy back an auction? I think my old car was sold for like $900. But I never really looked into it as I didn't think the car was worth much or had the money to throw fix. Do you get the first dibs?
|
Yah you have to be a licensed bodyshop and then pay a fee to access ICBC's auction site and it's a silent bid... you enter an amount and hope that yours is the highest when it ends if you want it but you don't know what other people are bidding. I find the price people pay for stuff is pretty damn high in my opinion... but the odd "weird" car slips through at a decent $$$ amount. Also, you only get a few photos and a half-assed description, so if you buy one and it's actually way more hidden damage you're left fighting with ICBC over the accuracy of the listing and most likely having to eat it.
If you choose to buy it back yourself they have a set expected amount that they think it will go for that they give you, doesn't even hit the auction site. ICBC also decides whether it's rebuildable or parts/dismantle only... so if they decide it's parts only then you can't rebuild it for road use.