There are many different ways to get a car. You may buy or lease an auto, or if you are tight on cash and want to save some money, there are used car dealerships that can help you or even buying a second-hand car from someone you found on the newspaper or Craigslist. And there’s a salvage car auction. Read More
Here is a quick informational video on how to register, search and bid on salvage cars. It’s easy. Register and you will find yourself bidding on salvage auctions nationwide. Find that repairable salvage vehicle you have been wanting to buy at a fraction of what it would cost. Read More
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.
You’ve probably heard about wrecked cars that are sold at auctions for much less than the market value of cars of the same model and year. Salvage title cars announce to potential buyers and the world that the vehicle has been involved in an accident and/or has suffered substantial damage to the point the insurance agency has paid the claim and written off the car. If you are trying to get a bargain, you can buy one of these cars and repair it Many of these cars are repairable. But, in order to do so, you need to carefully inspect salvage cars you are looking into buying.
Where To Find Salvage Title Cars
Once you have decided to go the salvage car route, you can register at one of the sites that sells junked cars online to buy yours. Copart has auctions all over the country with hundreds of thousands of cars on the auction block daily. While usually reserved for wholesalers and car dealers, there are brokers, like SalvageReseller.com, who will bid on your behalf or let you bid on your own without the need of a dealer’s license.
Personally Inspect Salvage Cars You Are Looking Into Bidding On
The first step is to make sure you know what you are bidding on. Ideally, you should inspect the car personally. That way, you can get a much better idea of what the condition of the car is. Even to the untrained eye, there are things that can become apparent in person that won’t appear on a photograph, no matter how detailed it is. Look to see if the car has been in a flood. Is there moisture in the instrument panels? Does the interior smell moldy – or does it smell like a lot of air freshener has been used? Look for rust on parts in the interior, trunk and engine compartment.
Always Have A Mechanic Inspect The Salvaged Car
More importantly, have a certified mechanic with you. They will give you a better idea of what the damage is, and an estimate of what it would cost to fix with full parts and labor. Use that as a benchmark to guide you. By doing the work yourself and sourcing the repair parts, you will end up saving more money. A mechanic will give an estimate of what the repairs would cost at retail prices. Many of these cars are repairable. Some aren’t. You need to carefully inspect salvage cars you are looking into buying to make the determination for yourself.
What the mechanic tells you about the actual condition of the vehicle is critical. The mechanic will also look at different car components and see failures or damages that have not been revealed in the catalog description. Autobody technicians can be of great help because they have experience tearing down all sorts of vehicles in different conditions.
It is very possible that the car you want is not available near you. But that shouldn’t matter, because you can always hire a third party inspector to go look at the car for a fee. They are usually listed on the same sites that let you bid remotely. Be sure to ask the same general questions, such as “How bad is the body damage up close? Are there any components that could be close to failure?”. Ask all the questions you need to make you feel safe about the purchase.
Play Detective With Salvage-Titled Vehicles
The Vehicle Identification Number (VIN) of the car is usually available before the auction even begins. Run a check with one of the paid services before you buy this salvage vehicle. Also, there are more limited services like the one offered by the Department of Justice, in addition to this one offered through an insurance consortium and vehiclehistory.com. They give you snapshots of the cars’ history include whether they were stolen, among other things. Some will also tell you in what state(s) the car has been titled in. However, some damages might not be in the free reports, so make sure to use at least one paid service if you want a more detailed and thorough report.
Look For Insurance And Police Reports
See if you can get the estimate from the insurance company that is selling the car. Often times that is a great source that will tell you exactly what was damaged in the collision. Also, get a police report, if it was in a collision or if it was stolen. That can give you more clues to the extent of the damage and the circumstances around the theft or collision. You can usually request that by contacting the police department where the accident occurred. They might charge you a fee, but it is definitely worth it. What you are getting here are the pieces to the puzzle. What exactly happened to this car for it to be declared a total loss? The fewer issues it has, the better for you as the person who is going to fix it.
Once you start doing this kind of due diligence you will feel better about whether you bid or not on the car you are looking at. Start searching salvage cars by brand and register to bid at
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. Read More
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.