What is Salvage title?

5 Tips for Staying Safe When You Buy a Salvage Car

By Mike Richards Updated: 07/26/2022 Posted: 05/05/2017

Have you thought about getting a salvage car through an auction or through other means? Sure, the idea of a salvage vehicle is off-putting to some, but they can provide some nice advantages. These vehicles tend to be much cheaper than other vehicles, and some of them are still in decent shape. They might only have some cosmetic damage, for example. Of course, there are also vehicles out there you should avoid when you buy a salvage car. The following tips will help to keep you safe when you make your purchase.

Research the Vehicle

When you start to peruse the auctions to buy a salvage vehicle, one of the first things you want to do when you find vehicles that interest you is research. You want to make sure that you understand the condition of the vehicle and the types of repairs that you will need to do, if any. Some of the vehicles that have a salvage title were already repaired. They are just required by the law to carry the salvage title for as long as they exist. Understand what needs to be done with the vehicle to determine if it is a good choice for you.

Remember the Purchases at Auctions are “As Is”

You are not likely to get any type of warranty when you buy a salvage car. You are buying the vehicle in the condition it currently is. For this reason, you need to be certain that you are getting a vehicle that will work well for your purposes. If you want to drive the car or truck, it needs to be drivable or repairable. However, if you are just going to be using the vehicle for parts, this is probably not much of a problem.

Make Sure It Is Insurable

If you want to drive the vehicle, you will need to insure it. As mentioned, it will have a salvage or rebuilt title. This means that you will not usually be able to get comprehensive or collision coverage, as the insurance companies do not know what an appropriate value for the vehicle will be. However, you will find that most insurance companies will have no trouble when it comes to providing liability insurance. However, before you buy a salvage car, talk with insurance companies about their options.

Do Not Overspend

When you buy a salvage car, you want to get a good deal. You need to know how much the car is worth at the current condition. Research should help to give you a good number. If you are bidding in an auction, you know that you do not want to go over that price, or else you are spending too much.

Get the Repairs You Need

Once you get the vehicle, take care of all the repairs that are needed. In addition, it is a good idea to have a mechanic look over the car to take care of any other issues that were not noted. When you take some precautions, you will find that you can buy a salvage car safely.