What is Salvage title? Buyer Tips

Are the Cheapest Cars for Sale Always the Best Buy? 

By Mike Richards Updated: 07/26/2022 Posted: 10/16/2015

No one likes the idea of spending too much money on their next vehicle. People always want to look for something cheaper. However, are the cheapest cars out there always your best option? When you are buying from a dealer or through an online auction, it can certainly be tempting to look at only the cheapest vehicles they have.

While your budget is important and you need to stick with it, you have to think about some of the pitfalls of looking only at the cheapest cars for sale. Let’s examine some of the potential problems.

Cheap Might Mean More Expense Later

If you walk onto a dealer’s lot or find an online auction and see some unbelievably low prices, they will likely draw your attention. After all, it would be great to buy a BMW, even an older model, for a couple thousand dollars.

However, if you buy without knowing anything about the vehicle, you could purchase a vehicle that does not even run and that needs some costly repairs. Even though you are saving now, this could mean more expense down the road.

Sometimes, it’s better to consider some of the vehicles at the auction that are in better shape, simply so you don’t have to put in as much money and time on the repairs. You still want to look at the cheap vehicles, but sometimes those “bottom of the barrel” options should stay securely at the bottom of that barrel!

Cheap Could Mean You Can’t Drive It

When you buy the cheapest cars without knowing anything about them, you could buy a vehicle that you can’t get on the road again. If the vehicle has been declared as junk or has been declared non-repairable, then it means that you can never get the title turned into a rebuilt title. You will only be able to use the vehicle for parts. If you planned on getting a new title for the vehicle, you can’t, and this could be a serious problem for many buyers. Know what you are getting before you buy. 

Cheap Doesn’t Always Mean Bad

Even though you don’t want to buy the cheapest cars for sale blindly, low-cost vehicles through auctions are not always a bad buy. You need to make sure you are doing all of the research necessary on any vehicle you consider before you even think about buying.

Knowing the vehicle’s history will indicate any problems you will need to repair and this information will help you determine whether it is worth it or not. For example, you do not want to buy a vehicle that’s cheap only to find out that it will need three or more times the price of the vehicle to repair it.

However, you can still find some great salvage vehicles that are among the cheapest cars for sale and that are well worth your time and money. You can repair them and get a new title so you can drive them. It’s a winning situation overall, but you have to make sure you do your research first.

By researching the cheapest cars for sale, you can determine which of these vehicles will actually be worth your time and money, and you can stay away from the problems and be sure of what you are getting. Don’t rush into a decision, and don’t simply buy the lowest priced cars because they have the lowest price.

Find information on Rebuilt Title Laws for Each US State. Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.