Must-Follow Tips: Get the Best Deal When Buying a Salvage Car
Do you want to get your hands on a vehicle without spending a fortune on it?
If so, buying a salvage car might be the best option for you. While many people are scared off by the idea of buying a car with a salvage title, the truth is that you can save money and get a reliable vehicle when you go this route.
If you’re not familiar with what a salvage car is, it’s any car that has been involved in an accident or sustained enough damage for a car insurance company to write it off. But just because a car insurance company has decided to give up on it doesn’t necessarily mean you should, too.
Those willing to put some work into a salvage car will often find it to be a great investment. Here are some tips for getting the best deal when buying a salvage car.
Find Out Everything You Can About a Salvage Car
One of the first things you’ll find when searching for a salvage car is that there are so many of them out there for sale. From a 2009 Jaguar XR to a 2015 Hyundai i20, you can find almost anything you want.
Once you narrow down your search and zero in on the salvage car you want to buy, you should take the time to learn everything that you can about the car. More specifically, you want to find out which salvage level the salvage car you want sits on.
There are four main levels that the Association of British Insurers uses to classify salvage cars. They are as follows:
Category A, Scrap: These salvage cars are in the worst condition possible. They have sustained the most damage and cannot be fixed and driven again.
Category B, Break: These salvage cars also cannot be fixed and driven again. However, you can take parts from them and reuse them on other cars.
Category S, Structural: These salvage cars have sustained some structural damage to them. However, they can be repaired and driven again.
Category N, Non-Structural: These salvage cars have not sustained any structural damage. But they do have damaged or missing parts that will need to be fixed before they can be driven.
If you plan on buying a salvage car and driving it around again one day, you obviously don’t want to buy one with a Category A or Category B distinction. It’s why it’s important to do your homework and see which level you’re dealing with when it comes to the salvage car you want.
Inspect a Salvage Car From Top to Bottom
In addition to finding out details about a salvage car prior to purchasing it, you should also make a push to do a full inspection of a salvage car that you might be thinking about buying.
Whether you’re buying a salvage car directly from a dealer or taking part in an auction that is going to feature salvage cars, attempt to schedule an inspection for a salvage car if you can. This will give you a chance to see exactly what’s wrong with it and what needs to be done to it.
If you fail to do an inspection, you could find out that a salvage car is in even worse shape than it looks. That could turn it into a huge headache as opposed to a money-saving opportunity.
Calculate How Much It’ll Cost to Repair a Salvage Car
After you’ve inspected a salvage car and seen the damage done to it for yourself, you should be able to crunch the numbers as far as repair costs are concerned.
Do your best to estimate approximately how much it’ll cost to get a salvage car road-ready. While there are always going to be some surprises along the way, you should be able to get a ballpark figure for how much repairs will run you.
Once you know how much it’ll cost to repair a salvage car, add that amount to the price you’ll have to pay to take the car home with you. Then, compare the total cost to the price tag on a similar used car that hasn’t been salvaged.
If you’re not saving very much money by buying a salvage car as opposed to a regular used car, it’s probably not going to be worth your time. You can use that as leverage to try and get yourself a better deal on your salvage car in the first place.
Speak With Insurers About Obtaining Insurance for a Salvage Car
If your plan is to buy a salvage car and get it back out on the road, you need to make sure you’re going to be able to get the car insured.
There are some car insurance companies that won’t even think about insuring certain salvage cars. There are others that will ensure you but only if you’re willing to pay higher premiums for coverages. And there are even insurance companies that will ensure you but tell you upfront that they’re not going to foot the bill for repairs if you ever need to make a claim following an accident.
Whatever the case may be, it’s a good idea to figure out your insurance situation before buying a salvage car. You might get the best deal in the world on a salvage car, but what good is it if you can’t get the car insured later?
Make Sure You’re Dealing With a Reputable Salvage Car Dealer
The easiest way to earn yourself a great deal when buying a salvage car is by dealing directly with a reputable dealer.
The dealer should have plenty of experience with salvage cars. They should also be more than willing to negotiate the price of a salvage car with you so that you feel satisfied with the price you pay.
But above all else, the dealer should be forthright and honest regarding any information related to a salvage car. The last thing you want to do is buy a salvage car and think you got a great deal only to discover that it has more damage than you thought.
Start the Process of Buying a Salvage Car Today
If you’re interested in buying a salvage car, you should use these tips to your advantage to get a great deal on one.
You should also put your trust in a company that has tons of salvaged cars available and the best prices on them in the business. This will guarantee that you walk away happy at the end of the buying process.
Contact us if you’re interested in purchasing any of the salvage vehicles that we have for sale — we’re happy to help!