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How You Can Buy a Salvage Car and Save Money

By Mike Richards Updated: 05/22/2019 Posted: 07/22/2017

There’s not a person alive that isn’t looking for a good deal. This is especially true when you consider a big-ticket purchase like buying a car. No doubt, dealerships around the world are trying to rake their customers over the coals. Wouldn’t it be better if you could go to a place where you can purchase a vehicle without having to pay an arm and a leg?

As it turns out, there is such a place. It’s known as online car auction. There are now a number of different websites that provide access to dealer auctions to ordinary consumers. There, all manner of vehicles can be purchased from used to salvage, and all at incredibly steep discounts.

But, it’s that latter category of vehicle – salvage – that often confounds newcomers to online car auctions. This is unfortunate because making the decision to buy a salvage car often can save the average consumer thousands upon thousands of dollars.

What Is a Salvage Car, Exactly?

The easiest way to explain a salvage car is this: these are vehicles for which an insurance company has paid out the policy to the insured at 75% or greater of the car’s assessed value. As you might expect, this is something that happens when a car is ‘totaled’ – when the cost to repair a vehicle exceeds a significant portion of what that vehicle is worth.

This is not the only case in which a vehicle will be issued a salvage title, though. For one, insurance companies will often pay out policies as a matter of expedience rather than as an actuarial fact. In addition, there are instances in which a salvage title will be issued absent any damage to a vehicle taking place. For example, this will happen when a vehicle is recovered subsequent to a theft.

Accessing Dealer Auctions Online for Salvage Cars

Because a salvage car carries a salvage title, it is necessarily worth less than a vehicle with a clear title. This means that these vehicles, in all of their various conditions, can be purchased at steep discounts. So, how does one buy a salvage car?

The answer is simple. There are now a number of websites that provide access to dealer auctions online to ordinary consumers. You only need to create an account with one of these sites in order to begin browsing the extensive inventory of vehicles available. Should one find what one is looking for, it’s then only a matter of making a small deposit in order to start bidding!

How to Buy the Salvage Car That’s Right For Your Needs

One can find salvage cars of all makes, models and years. In terms of finding the salvage car to buy that’s right for you, the real decision comes down to assessing what state of vehicle you need. If you’re looking for a fixer-upper and can make repairs yourself, then the whole universe of cars is open to you. If not, then you’ll want to constrain your search to salvage cars like theft-recoveries and repossessions.

Whatever the case may be, you can only find the right car by looking. So sign up for online car auctions today, and see why so many others have chosen to buy a salvage car online!