What is Salvage title?

5 Reasons to Explore Salvage “Junk Yards” Cars for Sale

By Mike Richards Updated: 05/22/2019 Posted: 05/08/2017

Salvage cars…it is a phrase that leads many to picture junk yards piled high with the shells of what were once functional cars. However, if you take a look at the many salvage cars for sale, you get an entirely different picture. This is because vehicles are given salvage titles for a large number of reasons, and it doesn’t always mean they are just heaps awaiting the junk yard. Let’s look at five good reasons anyone eager to buy a junk yards cars for sale or trucks should scour the listings of the many salvage cars for sale.

  1. Cosmetic issues may be the extent of their damage – Often, a vehicle is deemed salvage because the owner’s insurance company said so. They don’t want to invest the funds it would take to bring the car back to a safe and functional condition, but the issues may be strictly cosmetic. This means you can grab a salvage vehicle that is perfect except for body, glass and/or cosmetic work. You will pay an insignificant amount for the car or truck and get enormous value on the deal.
  2. You may be able to restore it and get it re-titled – What is your dream car or truck? What is the going price for it? Is that something you can ever see yourself affording? If not, the many salvage cars for sale may include that vehicle, and you can then take your time to slowly, affordably, and effectively restore it to mint condition. Not only is it likely that you’ll pay peanuts for the vehicle, but in doing repairs yourself, or as a project with family or friends, you get an unforgettable experience and the pride knowing you really earned it.
  3. You might be able to enjoy super cheap parts – Many people do their own repairs or keep older model vehicles for a very long time. This can make it tough to find parts at good prices. If you find your particular vehicle among the salvage cars for sale, you may be able to buy it for a tiny sum and then cannibalize it for your fully functional car or truck as the years pass.
  4. You can restore and re-title, then resell – Do you know that most of the salvage cars for sale can be legally restored and then re-titled? Many states do show that the car was once salvage, but if you are looking to earn a high return on your investment and time, you may consider using salvage cars as your sideline.
  5. You may be able to export them – There is a growing demand for used and even salvage cars in other parts of the world. Be able to search car not in your location. When you find decent or in-demand cars in salvage auctions, you can easily use them to earn income from simple export operations.

Of course, you need to have a reputable source for salvage auctions, and if you are unlicensed as a dealer, you need someone who can do bidding and buying for you. Fortunately, there are high quality venues of this type and they can be your ideal route to savings and profits.

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