Vehicles · Machinery · Plant
Salvage exchange for vehicles & machinery
Residual values the market really pays, through sealed, four-week binding bids from verified commercial buyers, for cars and machinery alike.
Free during the pilot phase
One marketplace, many asset types
Not just accident cars, the residual value for many asset types
Classic salvage exchanges only know the accident car. Restbid determines the residual value for everything commercial buyers look for: vehicles, machines, complete plant and used spare parts, each matched to the right verified buyer network.
- 2 min
- from document to finished listing via AI
- 4 weeks
- binding bids incl. collection guarantee
- 0 %
- commission on the purchase price
- 10+
- asset types from car to plant
How it works
Four steps to a defensible residual value
- Step 1
List the object
Upload the vehicle registration, appraisal or cost estimate; the AI reads the technical data and fills the form. Set the bidding deadline, done.
- Step 2
Sealed bids come in
Verified commercial buyers submit sealed bids. No one sees the others’ bids, what counts is genuine willingness to pay.
- Step 3
Highest bid becomes binding
After the deadline the highest bid is the defensible residual value, binding for four weeks including the obligation to collect at the bid price.
- Step 4
Residual-value certificate as PDF
All bids with amounts and timestamps as a PDF, robust for appraisals and claims settlement. Whether to sell is entirely the seller’s decision.
No interface needed
Captured in 2 minutes, the AI reads your documents
Other exchanges need a software integration. Restbid does not. Upload the vehicle registration, appraisal or cost estimate as a PDF or photo, and our AI recognises the technical data and fills the form automatically.
- No retyping: Make, model, first registration, mileage and more are transferred directly.
- No integration required: Works in the browser, independent of your appraisal software.
- Data-minimal: Uploaded files are used only for reading the data and are deleted afterwards.
Your advantages
Why Restbid instead of a classic salvage exchange
Market-based
Real market value instead of a table value: your residual value emerges from the competition of verified buyers who are looking for exactly this object.
Binding
Binding bids: every bid is valid for four weeks including the obligation to collect at the bid price.
Documented
Court-proof evidence: all bids with timestamps as a PDF residual-value certificate for appraisals and claims settlement.
Versatile
One access for everything: vehicles, machines, plant and spare parts on one platform instead of many specialist exchanges.
Web-based
Ready to go instantly: entirely in the browser, without installation or updates, on smartphone and tablet too.
Features
Everything for a defensible process
Sealed-bid process
No buyer sees the others’ bids. The highest bid reflects genuine willingness to pay, without the price-driving of open auctions.
Verified B2B partners only
Every participant proves their business registration and is manually approved. No right of withdrawal, no anonymous bids.
The right buyer network per asset type
From car dismantlers and commercial-vehicle exporters to agricultural-machinery refurbishers, every object reaches the right buyers.
PDF residual-value certificate
Bid summary with amounts, timestamps and buyer companies, robustly documented for insurers and courts.
Subscribe to categories
Buyers subscribe to their asset types and regions and receive matching new objects automatically by email.
Recover instead of scrap
Every placed object stays in the loop. Reuse before recycling, as the EU waste hierarchy prescribes.
Inside look
The platform in action
This is what the salvage exchange looks like for sellers and buyers, from capturing the object to the residual-value certificate.
What is a salvage exchange?
A salvage exchange is an online platform where damaged or used vehicles and machines are placed with verified commercial buyers in a sealed-bid process. Appraisers, insurers and owners list an object with photos, a condition description and a damage calculation, and buyers submit sealed bids within a fixed deadline. The highest bid after the deadline is the defensible residual value and is documented as a PDF for appraisals and claims settlement.
Why the residual value emerges through an exchange
After an accident, the question of economic total loss arises quickly: if the repair costs exceed the replacement value, the claim is settled on a total-loss basis, and the residual value of the damaged vehicle is deducted from the compensation. That is precisely why this residual value has to be robust. A single estimate can be disputed, whereas a highest bid from the competition of several verified buyers is a genuine market value.
Sealed, binding, documented
Three principles make the Restbid salvage exchange robust. Bids are sealed, no buyer sees the others’ bids, what counts is genuine willingness to pay. After the deadline they are binding for four weeks, including the obligation to collect at the bid price. And every step is logged with a timestamp, so the residual-value certificate holds up before insurers and courts.
Not just cars, but many asset types
Classic salvage exchanges only know the accident car. Beyond that, Restbid places trucks and commercial vehicles, agricultural machinery, construction and forestry machines up to complete plant and used spare parts, each with the right buyer network. The matching listing pages are the car salvage exchange and the machinery salvage exchange.
Who the salvage exchange is worthwhile for
Sellers are above all car and machinery appraisers, insurers, leasing companies and insolvency administrators who need a market-based, court-proof residual value. On the buyer side, verified salvage buyers, dealers, workshops, dismantlers and exporters bid. Owners benefit through their appraiser.
Salvage exchange by asset type
Frequently asked questions about the salvage exchange
What is a salvage exchange?
A salvage exchange is an online platform where damaged or used vehicles and machines are placed with verified commercial buyers in a sealed-bid process. The highest bid after the deadline is the defensible residual value, documented for appraisals and claims settlement.
How does the salvage exchange at Restbid work?
You list the object with photos and data; the AI reads the vehicle registration or appraisal automatically. Verified buyers submit sealed, four-week binding bids within the deadline. The highest bid is documented as a PDF residual-value certificate.
Who may list or bid on the salvage exchange?
Restbid is a pure B2B platform. Sellers are mostly appraisers, insurers, leasing companies or insolvency administrators; buyers are verified salvage buyers, dealers, dismantlers and exporters. Every participant proves their business and is manually approved.
What does the salvage exchange cost?
During the ongoing pilot phase, use is completely free for both sellers and buyers. There are no costs and no commission on the purchase price.
Which objects can I recover through the salvage exchange?
Not just accident cars: Restbid covers trucks and commercial vehicles, motorcycles, motorhomes, agricultural, construction and forestry machines, up to complete plant and used spare parts, each with the right buyer network.