It happens to a lot of us. You absolutely love your current car. It gets you to work and back, and is great fun to drive on the odd road trip. It has been reliable, despite being old enough to be out of warranty. But one day, it has a catastrophic failure or sustains a fair amount of damage. Your insurance doesn’t cover the damage or it has a high deductible. Whether it’s a trashed interior, the engine seizing up, or torn bodywork on the front end, you are looking at a sizable bill for parts and labor. If you want to keep the car, here is an affordable solution: buy a salvage car for parts you will use to repair it.
There Are Lots Of Stolen and Recovered Cars In the US
In the United States, over 700,000 cars are stolen each year. The authorities recover an average of 46% of those vehicles. That percentage varies by state: while Alabama has only a 28% percent recovery rate, Washington State had 71% and Utah, 63%. As a general rule, agencies must classify as Motor Vehicle Theft all cases where automobiles are taken by persons not having lawful access ”even though the vehicles are later abandoned”.
Salvage Title Automobiles
A salvage title vehicle is one that has been written off by the insurance company because the cost to repair the salvage car exceeds its estimated value. This will vary from state to state, but for the most part, that number is over 60% of the value of the salvage car. At that point, the insurance company will write-off the car, pay the claim and request a salvage title for the car.
Repairable And Nonrepairable Salvage Car Titles
When shopping for salvage cars for sale there is a very important distinction. Some salvage cars are repairable, but others are not. In general, a car that has been written off is deemed salvage, and the title is issued or marked as such for any future buyers.
Everyone loves a great trash to treasure or recycling story, but having the bragging rights to how you turned a salvage car into a collector’s treasure will be a story that you tell over and over again! For the avid car enthusiast, finding a diamond in the rough in a salvage car and rebuilding it into a gem is a challenging and rewarding experience.
Many people do not realize that there are several benefits to buying cars from a salvage auction site. This is because when they think of salvage vehicles, they assume that they are junk. However, this cannot be further from the truth. In fact, many salvage cars are almost brand new!
Not every vehicle that an insurance company labels as a total loss after an accident is in bad condition. In fact, you can find some great deals on cars that have only minor damage at a salvage auction site. Here, you can find a large selection of cars that you can use for parts or even to drive!
If you are looking for parts for your car or a vehicle that you can restore, why not consider buying a salvage car? New parts can be quite expensive and new cars even more so; however, salvage vehicles can be purchased at a mere fraction of the price of new. Many cars labeled as total losses run great and have only minor cosmetic damage.
In today’s difficult times, it seems like everyone is looking for ways to save, especially when it comes to cars. If you need a vehicle to get back and forth to work or school but do not have a lot of cash, you should consider purchasing a salvage car. There are many benefits to choosing salvage auction cars, and listed below are just a few.