| people have the wrong idea about salvaged cars. | | | | non-salvaged car at an online auction. There are |
| They are viewed as being junk. While salvaged cars | | | | many great vehicles out there just waiting for you to |
| don’t have the best reputation, understanding | | | | fix them. Whether you use the vehicle for its' parts |
| how they got that way may turn your thoughts | | | | or to repair it and make it drivable again, a salvage |
| around. | | | | car can be a great investment. |
| Cars that have been given a salvage titles are those | | | | No matter if you’re buying for yourself or to |
| that the insurance company claims would cost more | | | | resell the car, there’s a huge potential to |
| to repair than the car is worth. However, it's mainly | | | | save a lot of money and make money too. Keep in |
| based on the estimated value of the vehicle so for | | | | mind, there are some vehicles that are no longer |
| example if you own an older truck that was in mint | | | | worth anything, but there are others that are worth |
| condition before that deer jumped in front of you | | | | their weight in gold. If you rebuild the car to exact |
| and caved in your front end, the insurance company | | | | specifications then you can expect the car to pass |
| may figure the truck is not worth it to repair. Having | | | | the inspection with flying colors. |
| been in this situation myself I can assure you it was | | | | There are many individuals who specialize in rebuilding |
| definitely worth it to me to repair my truck! | | | | salvaged cars as a hobby or to resell the vehicle to |
| So, what can happen is often times the car will be | | | | make money. Before buying a salvage title vehicle, |
| issued a salvage title instead of a regular one. This | | | | whether it be a car or truck, either to keep for |
| type of title is meant to protect buyers so that they | | | | yourself or to sell it, it's vital that you check with |
| know the vehicles history and are aware of any | | | | your local DMV to find out what the requirements |
| potential problems. If this happens it can be well | | | | are for putting a salvage auto back on the road. |
| worth it to keep the car even if it gets a | | | | Every state has different laws so it's important to |
| “totaled” report. Many times the car | | | | know what your state requires before making an |
| can be rebuilt depending on the original damage. | | | | investment. |
| Many people love to fix up cars as a hobby or | | | | Buying a car from a salvage auction is a great way |
| business. If you’re looking to get into | | | | to save money and even make money if |
| rebuilding cars, salvage cars are an excellent way to | | | | that’s what you’d like to do. |
| get started. You can often repair the car or take the | | | | You’ll also be doing a great thing by reusing |
| parts to build a new car. | | | | resources that are already there. Many people lose |
| If you don't own a salvage car then another option is | | | | out because they are scared to invest in a car with a |
| to buy one at auction. Salvage auctions are a fun | | | | salvaged title. Their loss is your gain as you come out |
| place to buy because they give you access to great | | | | with a restored vehicle that will last you many years |
| cars at often very cheap prices. These auctions | | | | at a great price. |
| provide a function that helps the buyer, seller, and | | | | I personally own a salvage title car and it's been |
| even the environment! If you’ve never | | | | running great for the near 7 years I've owned it. I |
| considered buying a salvage car to rebuild or even | | | | saved about $5,000 compared to other cars of the |
| use as parts then you’re missing out on a | | | | same make, year and model. Another added benefit |
| great thing. You can buy a wrecked but repairable | | | | is my yearly DMV registration fees are about one |
| car or truck, usually saving thousands over a | | | | quarter the cost of a non-salvage vehicle! |