A car gets a “Salvage” title when the cost of repairing it exceeds the total value of the car in the current market. However outside the insurance circle, a salvage vehicle is a car that is perfectly repairable and can be used on the road again. A word of caution: if the vehicle is stamped as “non-repairable” then it means there is no chance of rebuilding it. src=”http://www.salvagereseller.com/blog/wp-content/uploads/2014/05/replace-tire-300×199.jpg” width=”300″ height=”199″ /> So the big question is how can you tell if the salvage car can be saved? Rule number one; find out if the cost of fixing the car will be a headache for you. Yes the insurance company will fear hurting their pockets, even in full-proof investments, but will the car cost more than you are willing to pay? If the insurance can’t fix it, then calculate how much you will need to fix the entire car or the parts that were damaged. Secondly, you have to know what kind of damage led to the Salvage title on the car. Normally, cars that have been involved in a car crash are easily repairable once they pass the inspection test. But for salvage cars damaged through fire or floods, this may be a bit tricky to fix. This is because it is difficult to know what part in the car is damaged thus it will take you quite some time to get the car going. You have to get really specific when evaluating fixable damage. In the UK, cars are labeled by insurance companies either A, B, C, or D depending on the degree of damage. “A” is really bad damage while a “B” car still has hope. Most people go for category C or D to be safe. A general rule of thumb is to go for “body damage” alone which won’t cost much to fix. There are three main things to consider when buying and remodeling a salvage car: financing, insurance and warranty. First, how are you buying the salvage vehicle? Some sellers prefer cash alone while others may accept checks. Find out how flexible financing will be. Insurance on a salvage car may not compare to that of an undamaged car, however getting it is still worth it. Thus you need to know whether the car will be viable for insurance once it is fixed. And of course that may vary with the state you are in. Now for warranty, you will need to negotiate with your Salvage car seller. It may not be an absolute promise, but it’s better than nothing. Remodeling a salvage car can be a good way to buy a car cheaply. Use the tips above to see if a salvage car is easily repairable a good option for you.
