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Monday, 23 January 2023 21:57

Are you looking for a Salvage Vehicle?

By Abetter.bid

GUEST OPINION: Salvage cars have salvage titles because insurance companies have determined that the repair costs exceed the value of the car

Auto auctions and junkyards sell salvage cars for sale in California. A Better Bid (ABB), for example, has an online auto auction that hosts both salvage and clean title cars.

Salvage Vehicle Damage

There are many different types of damage that can lead to a salvage title being issued, including:

  • Flood Damage – Titles in some states must specify “flood damage,” while others must say “salvage.”
  • Hail Damage – Vehicle titles may indicate “salvage” due to significant hail damage.
  • Theft Recovery – A stolen vehicle may be listed as “salvage” on the title if it has been recovered by the insurance company.
  • Vandalism – Vehicles damaged by spray painting or overturning may receive salvage titles.

Why Should You Buy a Salvage Title Car?

A salvage title vehicle might be the right vehicle for you if you are a mechanic or have someone who can perform repairs for you.

The vehicle you receive will need repairs. Because of that, salvage cars are often very inexpensive to buy when compared to the cost of a new car.

Things to Consider Before You Bid or Buy

There are several things to consider before you purchase a salvage vehicle, such as:

  • You should have the vehicle inspected before you bid on or purchase it to better understand the extent of its damage. The extent of the damage may not always be apparent, so a professional inspection can determine whether or not this car or truck will be too expensive to repair due to hidden damage.
  • It is best to find auction houses and repair facilities that have a good reputation. Avoid businesses with poor reputations or unhappy customers. You can check out their online reviews to get a better understanding of their reputation.
  • If you want to know how extensive the repairs will be, you can get an original estimate. Also, you will be able to see if any parts have been replaced, as well as whether or not there have been any accidents.

Other Considerations

There are a few other things you need to keep in mind before you decide to purchase a salvage vehicle:

  • Salvage title vehicles cannot be financed by the bank, so you may need to pay cash for the vehicle.
  • Depending on your state, you may have to pay more for full coverage auto insurance, if you can get it at all. It is riskier for insurance companies to insure salvage vehicles. You shouldn't have any problems with liability insurance.
  • The salvage title will probably prevent you from trading this vehicle in. A used car lot will not accept your vehicle in trade because it is too difficult to resell or estimate its value.

Online auctions are a great place to start your search for salvage title vehicles. You might find more information on these auction sites:

A Better Bid

A Better Bid hosts hundreds of auctions and offers more than 300,000 cars. They offer just about any type of vehicle, such as SUVs, trucks, cars, motorcycles, RVs, and boats.  You also do not need a dealer’s license to bid on cars, and you can bid on them 100% online.

ACV Auctions

Thousands of dealers use ACV Auctions' tools to streamline their business. Dealers can only participate in ACV Auctions.

Fairway Auto Auction

There are three lanes for dealer auctions at Fairway Auto Auction in Edgerton, WI. They offer cars, trucks, SUVs, and more.

Hemmings

Hemmings publishes a monthly magazine for collector-car enthusiasts. Additionally, they offer auctions such as swap meets and other events for collectible cars. The auctions are held at the car owner's location, though they are located in Vermont.

Conclusion

A salvage title vehicle can become the car of your dreams, depending on how much time, effort, and money you put into it. There are many great salvage auto auctions to choose from that offer affordable salvage vehicles.

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