Should You Buy a Car With a Salvage Title?
Youíve finally found your perfect car online: low mileage, perfect price and it looks great. But thereís a catch, itís sold with a salvage title.
Should you still go for it? A carís title is a label that describes the condition of the car, and if anything serious has happened to it before. These are usually applied to a car after an accident, or insurance claim. There are four titles available: Irreparable, which means that car is unfit to be back on the road, and only good for parts. Thereís also Salvage, which means that the car has been deemed a total loss, but can still be used on the road after passing an inspection. After passing that inspection a car is given a Rebuilt title. Finally thereís the No Title, which means a car is okay to hit the road.
A car can get a Salvage title if itís involved in a collision or incident which would cost more to repair than the value of the vehicle. These cars are written off, and sent to a scrap yard. From there, the scrap yard can choose to take the car apart and sell the parts individually, or to sell the car in one piece to someone hoping to rebuild it, likely to re-sell it for a profit. With that in mind, is it worth it to buy a Salvage titled car?
Read what AutoGuide.com
thinks about buying a car with a Salvage Title.