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Should you buy Salvage Title Vehicle or Not?

Should You Buy Salvage Title Car or Not?

Salvage title cars attract some buyers because they’re priced significantly below market. They might seem like a bargain, but ultimately they have a lot of risks. Salvage title cars might represent opportunities for a select group of buyers, but even then, the cars should be viewed with caution — and most buyers should avoid them altogether. Here’s everything you need to know.

 

What are salvage titles?

If your car or truck is in an accident and the cost of repairing the vehicle is too high compared to the value of the vehicle, your car insurance company will declare it a total loss.

Depending on your state’s laws, this occurs when the car’s repairs would cost 50% to 90% of its pre-crash value. In most cases, these vehicles carry a substantial amount of damage that even after repair can affect the longevity and reliability of the vehicle.

 

So how do some salvage vehicles end up back on the market?

There’s more to getting a salvage car legally drivable again than just repairing the damage it sustained in the original accident. In addition to that, in most states you’ll have to bring it in to a inspection center – usually a facility set up by the minister of transportation to go over your paperwork and check repairs.

If the car does not pass either inspection, it cannot be registered until the repairs are made.

 

Resale Value

Drivers who want to benefit from a salvage title sale often forget about reselling the salvage title vehicle. The average discount a salvage title vehicle will vary from 20-40% depending on condition and damage it had

 

Does it worth it?

Is purchasing salvage title vehicle worth it? It all comes down to the amount of time you want to spend and money. If you a handy guy and like getting your hands dirty like I DO then it’s probably worth spending your time and money. Just make sure you know what you are getting yourself into. Otherwise it might not worth it for you

 

IF YOU DECIDED TO BUY A SALVAGE OR NON-RUNNING VEHICLE AND YOU NEED TO SHIP IT, PROFESSIONAL CAR CARRIERS HAS A WAY OF SHIPPING DAMAGED OR NON-RUNNING VEHICLES. WE WORK WITH ALL MAJOR SALVAGE AUCTIONS IAAI, COPART, IMPACT, MPI, SGI

 

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