Salvage vehicles from insurance companies, financial institutions and leasing companies are the primary type of vehicle auctioned at Auto Exchange in Sayreville, New Jersey. The vehicles have typically been wrecked or damaged, and the company handles the pick-up, transportation, processing, marketing and sale of the cars.
Auto Exchange aims to supply one-stop disposal of unwanted and unusable vehicles to its clients. It offers a wide variety of makes, models and years, though inventory varies by availability for each sale. The company picks up the vehicles and transfers them to its secured storage facility for processing. Exposed vehicles are shrink-wrapped for protection, and all inventory is kept behind electrified security fences.
The auction service handles all aspects of the process in-house, including title services, salvage reports and updates and title, odometer and VIN verification services.
For buyers, Auto Exchange provides complete pre-sale information and photographs of the vehicles to be auctioned. The company maintains an online listing of all vehicles separated by auction dates, and faxes information to prospective buyers up to one day prior to the sale. It provides refreshments on-site the day of the sale, as well as duplicate title services and transportation of the sold vehicles for the buyer if needed.