Next time when you plan to buy a used car, consider buying one with a salvage title. I know you find that this a bit irrational, however, buying a salvage car actually makes sense if you are careful in choosing. The major advantage is affordability. It can be particularly beneficial for students who cannot afford to buy a new car. There are millions of cars available for sale by auction on the market. Some salvage titled cars are okay to purchase and others are a wreck. Therefore, you should keep a discerning eye on what you are buying. For this, you need to know some important facts about salvage title cars.
How does a car get a salvage title?
A car is not always titled salvage because of an accident. There are many other reasons which lead to a vehicle getting the “salvage” Title. Here is a list:
Natural Disaster – When natural disasters like earthquakes and hurricanes take a toll on vehicles, they can be salvaged.
Theft Recovery – A vehicle lost by theft and not found for a period of time, if later recovered, can be given a salvage title. This generally happens when the insurance provider has already settled the claim of the owner and the vehicle is recovered later.
Bank Repossessed Vehicles – When owners of a car are unable to make the monthly payments, the bank repossesses the vehicle. In order to recover the money on the vehicle, it is sold at an auction.
What to avoid when buying a Salvage Car?
Never purchase a vehicle that is damaged by water or that has a bent frame. Water damaged cars should always be avoided because its electrical parts are badly affected by water and cause permanent damage.
Damage to a car’s frame cannot be recovered. Once a car gets a bent frame, this could lead to a serious problem of safety.
An online auto auction is the best way to buy a salvage car. Go online and search for a reputable auction portal as this can help you make the best deal. Online bidding on salvage cars saves you time and energy. If your bid turns out to be the highest, the vehicle will be shipped to you. Take advantage of the online salvage auctions as it allows you to buy a salvage vehicle without being present at a salvage yard.