Salvage Title Cars: Good or Bad Idea?

A lot of car buyers have some prior knowledge of cars that have been given salvage titles, yet are clueless when it comes to the ins and outs of what a salvage title actually is. Many people in their car search find their perfect vehicle, often with a great price, and become nervous or apprehensive when they hear about the title not being clear. This nervousness is very understandable, since most of us have been programmed into thinking that a car that has been in an accident is much less valuable than one that has not. The truth is, this simply is not true, especially if the accident was minor and did not affect the functionality of the car (it is very rare that the functionality is affected).

Most people do not know this, but a large number of cars out there have had some kind of accident that has required bodywork of some sort. Whether or not Carfax or other history report shows it does not necessarily mean anything, as they only receive information that is passed to them from other sources. In fact, if a car is in a major collision, yet is never seen by an insurance company or police report, the owner can have it repaired by a small body shop, and nobody would ever know about it. On the other hand, all accidents are not created equally, and a salvage title can be issued for a very wide variety of things.

On that note, if a vehicle has been involved in a collision or sustained damage that gave it a salvage title afterwards, that is not a representation of the extent of damage per se, rather it refers to the appraisal amount to repair the vehicle. If the amount is above a certain percentage of the vehicles overall value, the insurance company may issue it as a total loss.

Given that clarification, it is apparent that two cars can have hugely different damages, yet both be given the same branding of title status. That is the first point to understand when painting a clearer picture on salvage title cars. some other factors include:

1. Overall vehicle cost to begin with — the less a car is worth, the less damage it needs to reach that percentage, thus becoming a total loss/salvage vehicle.

2. Price of replacement parts and repairs variation — a more expensive and/or rare car is going to have a higher mark-up in repair cost, because the parts are vital to the proper repair. also, if a car is more difficult to work on for the repair company, that requires more labor hours, which equals more money.

3.The appraiser is important — who is looking at the car will give a different answer every time some body shops charge more per hour, while some charge a giant fee, regardless of the amount of work required.

Along with the above list, much more comes into play when a vehicle is branded as salvage. This article’s purpose is to get you thinking differently about salvage cars, as they are not all terrible as they are made out to be. Our recommendations are to: 1. have the car inspected 2. go for rebuilt or prior salvage, as they have already been repaired and inspected by state officials (highway patrol), and have passed 3. ask the seller to provide pictures of the damage(s) that lead to the title being branded as salvage. these steps will help you determine if the car is worth it to you, since you can get amazing deals on these cars and they are usually great ones!

How to Shop For Car Parts Using Junkyards and Salvage Yards

Cheap cars and Junkyards pretty much go hand in hand. Now of course there are a million places to get parts from new and used from eBay to your local parts store. In the age of limitless online suppliers and a world wide parts market I think a lot of part shoppers have forgotten about using the local salvage yard as a parts alternative.

I think that for some amateur wrenchers the salvage yard can seem like a somewhat intimidating kind of place to be. Thoughts of pit bulls and a big fella named skeeter may come to mind ( no offense to any salvage yard owners named skeeter), but actually they can be a great place to quickly and easily locate used parts. Most salvage yards these days tend to have a cataloged and computerized inventory so really finding out if they have what you need can be as simple as making a phone call.

Personally I much rather prefer the yards that are willing to simply let you browse around on your own. These yards can also be a good spot to find some better prices, because in some cases a little haggling can be done. If your looking to make a trip to one of these “you pick you pull” type yards its a good idea to take a few steps to come prepared.

First bring some tools of course! Usually a decent enough socket set, some screwdrivers, and a set of vice-grips will get the job done and not be too heavy to carry around. In some cases bringing a jack may be necessary, but some yards are willing to provide jacks and engine hoists or at least rent them. If bringing any power tools, torches, or other equipment its a good idea to check with the owner first. Also its a good idea to wear some old clothes, a pair of boots, and some thick gloves (lots of old rusty debris can be a hazard and most yards tend to get pretty muddy and can have some really over grown grass).

After finding the right part, some may be concerned about how they know that the part is going to be in good enough condition to reuse. Honestly it really depends on the part and a lot of other variables, but in most cases yard owners are willing to provide some type of warranty or guarantee.

So the next time you decide to purchase a used car part don’t forget that there could be a great deal waiting for you at your local yard and the shopping experience itself can be pretty fun too!

Can You Buy Salvage Cars And Still Come Out Ahead?

Buying a salvage vehicle can be a great investment, but by nature, it’s going to be a very risky investment for the vehicle buyer. A salvage car is just that; it’s a car that has been deemed as being totaled by the insurance companies. When a car is totaled, that means that the total value of the car after it has been damaged is for less than what it would cost to fix the car, or in a lot of cases, the car is worthless. Most worthless cars are simply sent to junk yards to be destroyed, or picked apart for salvage parts to sell. But when a car has been determined to have some worth, it will be sold by various means.

The most common means of selling a salvage car is at auto auctions. In general, auto auctions are venues where salvage cars, along with repossessed cars, are sold to the highest bidder. Most auto auctions are strictly for auto dealers, but some are open to the public. If you are an auto dealer, these venues are a great opportunity for you to buy salvage cars for dirt cheap prices, fix them up, and then sell them to receive great profits.

If you are a member of the public looking for a good deal on a car, then auto auctions can work out for you. You will certainly be able to get the car that you’d like at a low price. But there are drawbacks for the private buyer. The main thing is that repairs will have to be paid for. There is no way that a person can buy a salvage car, and not expect to pay for the repairs. In many cases, the repairs will be extensive. If a person has money sitting around to invest in the repairs, then the price will work out for them. If the private buyer is on a strict budget, then buying a salvage car might not be in their best interest. The repairs will be too high. Even if the car is able to drive off the lot, and even if the car is able to function at first, the owner might find that the car will seem to break down bit by bit. They will constantly have to have the car in the repair shop. By the time that they are finished paying for each small repair, they would have done much better to invest in a new car, or at least a used car that isn’t so old.

If a person is looking to start a business in reselling cars, then buying salvage cars can work in their favor. They will certainly need to have money set aside to repair the cars so that they can be sold at a profit. They will need to have contacts with great mechanics, or they must be very skilled to repair vehicles themselves. They also need to be able to dedicate a lot of time in repairing the cars. Many people buy salvage cars, repair and remodel them, and then resell the cars via auctions for collectors. Lots of profits can be earned in this way.