Tips for buying a salvage auto
tips for buying a salvage auto
If you are interested in buying a salvaged auto. The first thing you have to remember is this is not a chance to get a steal of a car in perfect condition you’ll anyway for a car to be considered a salvage auto is it the cost of repairs to fix the car is more than the value of the car itself.
This means that repairing the vehicle would be more than the Blue Book of the car. It doesn't mean the cars worthless often the salvaged auto has some value you just have to be aware going in and pay attention to some things here are 8 tips to be aware of when visiting an auto wrecker looking to buy a salvaged auto.
Number one you need to know exactly how damaged the car is. If the vehicle is damaged badly enough no matter what price you get it's going to be a pass.
Number two you want to be aware of the purchase details when looking at the Salvage car when are the details about the Insurance financing registration and claims and resale. What is most important factors to be aware of his insurance. Some States will not ensure the salvage car in a matter what so that is just a waste of money.
Number three do the math and don't get emotional you want to know how expensive it will be to repair this vehicle older cars can be totaled for very little cost after all if the cars blue book is only a few thousand dollars it won't take much for to be considered a total. So if the math doesn't check out walk away
Number four is the price, right? - A fully reconstructed salvage car is worth at most 60% of the value of the same make model and year with a clean title to do your homework if it too expensive walk away.
Number five make sure you get a pre-purchase inspection – when it comes to a totaled car the term buyer beware should be first on your mind. Have the car inspected checked and rechecked if something doesn't add up it's time to walk away.
Number six a post-purchase inspection – once you own a car the very first thing you should do is have it thoroughly inspected. You should have it check from head to toe and have a report written up on any issues.
Number seven repair yourself or buy refurbished – when it comes to buying a totaled car. You need to ask yourself. Can I repair this on my own. If not it’s time to move on.
Number eight – theft recovery salvage these are the best kind of cars to buy they are not badly damaged but they still are marked as a totaled if the car has this designation it’s worth investigating.
When considering buying a totaled car make sure you get all the facts and do your homework it is too easy get stuck with a lemon
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