RpmRush content is created by car enthusiasts just like you.
If you love cars and writing you are welcome to Join Us
Auto sport | 16.06.2014 - 18:59

Save Money While Car Shopping: Six Tips for Buying a Salvaged Car

Buying a salvaged car can be a great, economical choice if you follow these guidelines.

A salvage vehicle is an automobile that has either been involved in a major accident or has suffered damage due to a natural disaster. Understandably, most drivers tend to view salvage vehicles as a complete waste of time. However, a budget-minded shopper can save a lot of money by acquiring a vehicle that has a salvage title. Here are six tips to buying a salvaged car.

 

1. Expect to pay cash

Most banks consider salvaged vehicles to be a financial risk. This means you will not be able to make monthly payments. The good news is that sometimes a salvaged car can be an economical choice. You will be saving thousands of dollars in the long run. For example, a particular vehicle may have an average resale value of $10,000. A salvage title may reduce the total asking price to only $5,000.

 

2. Obtain a car history report

Car history reports are worth their weight in gold when it comes to buying a salvaged vehicle. It enables you to find out the true extent of the damage. If the report reveals that the vehicle was involved in a flood, it is best to keep searching for another ride.

 

3. Have the vehicle inspected by an experienced mechanic

Never finalize the purchase of a salvaged vehicle without first getting it examined by a trained professional. If the vehicle was involved in a collision, it will need to be taken to a reputable auto body shop who inspects used cars to check for frame damage.

 

4. Purchase a low-mileage vehicle

Due to the fact that a salvage vehicle has a very low resale value, it is always a good idea to seek cars that have low mileage. This will ensure that you get the most return on your investment. If the car checks out to be okay, it should last for many years to come.

 

5. Avoid vehicles that have suffered extensive front-end damage

Experts say that front-end damage is often the most difficult to repair. However, a vehicle that only needs to have the bumper cover replaced is usually well worth the trouble. Fender replacement is also a relatively easy repair.

 

6. Make sure that all of the safety features function properly.

It is critical that a mechanic inspects all of the vehicle’s safety features includes the seat-belts, air bags, brakes, and the steering system. No matter the price, you don’t want to skimp on safety.

 

There is no denying the fact that purchasing a salvaged car involves some risk. However, you will be able to obtain a major bargain if you take all of the necessary precautions.

Report article    Feedback
Related articles