Before you automatically answer that question above with the word “never”, think again. Why? You should buy salvage cars for many different reasons. If you do a bit of research and make wise choices, it is one of the wisest investments ever. Some cars earn themselves “salvage” titles due to being “totaled” in an accident. Others from incidents like floods. But not all of them are lost causes.
For instance, if you buy salvage cars in a dealer auction, you may look them over and wonder why they garnered that title in the first place. This is because many salvage vehicles suffered purely cosmetic issues. The costs for bodywork or other repairs were unreasonable by an insurance company, so the car was labeled as salvage.
Think about that for a moment!
You can buy a salvage car for pennies on the dollar. Sink a bit of money into cosmetic repairs and come out with an amazing, bargain basement price.
Other Reasons to Buy Salvage Cars
Naturally, you will want to buy a salvage car for many other possible reasons. For example, you might have a dream car in need of restoration. It sits in your garage waiting for different repairs. You hold off on them because parts are tough to find or wildly expensive to purchase.
If you are registered with a dealer auction website, there are several modern to classic cars available for parts. This puts certain costly or hard-to-find parts in your hands. And it also gives you a vehicle to use for other repairs and parts in the future.
Even if you are not restoring a vintage classic, there is never anything wrong with investing in a reasonably decent salvage vehicle just to ensure you always have spare parts for the cheapest price.
A salvage vehicle is also a great project or learning experience. For instance, many buyers will use salvage vehicles for their first restoration or rebuild projects.
They may even use them with friends or family to learn how to repair and fix cars of all kinds. It could even be the beginning of a lucrative side business since many states allow you to make specific repairs to cars deemed salvage and then have them re-titled to be sold as used cars instead.
Another time to consider buying a salvage vehicle or even multiple salvage vehicles is when they are still in reasonable shape and can be exported to different parts of the world. There is a growing demand for American model cars outside of the U.S., and you may be able to create a small business exporting salvage vehicles to all corners of the globe.
The best part of this is that you can now access all of the same salvage vehicles that licensed dealers can when you register with an auto dealer auction site. Find a reputable firm and consider the many options they have for salvage, used, and like-new vehicles.