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Salvage Cars Definition

Not sure what a salvage car is? Here’s a definition: A salvage car is, to put it simply, a vehicle that has a salvage title. How does a vehicle get branded with a salvage title? When you see a salvage car for sale, you can be sure that at some point in the vehicle’s history, it may have been damaged in an accident or flood. The insurer then declared the salvage car a “total loss,” because the vehicle’s repair cost exceeds around 50 - 75% of its market value. However, not all vehicles fit this exact salvage car definition. In some states, for example, a vehicle may also be branded with a salvage title if it is a recovered stolen vehicle.

Being branded with a salvage title greatly depreciates a vehicle’s value, but this isn’t necessarily a bad thing. Salvage cars can serve as a source for parts, or depending upon the nature and extent of the damage, after some repairs, they can be utilized as a daily driver. A repaired, reconstructed or rebuilt salvage car can translate into a great, reliable money-saving investment. However, if you’re buying a used car, motorcycle or truck, it’s important to be informed of the vehicle’s history and be aware of its status as a salvage vehicle. We also highly encourage having a salvage car inspected prior to placing an offer, so you’re truly aware of what it is you are buying.

We hope you've found our salvage car definition helpful. We encourage you to explore our website and read through the helpful information we provide to learn more about salvage cars.

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Salvage Reseller Car Auctions

Salvage Reseller stands out as the premier online destination for individuals seeking exceptional deals on salvage, clean, wrecked, and repairable cars for sale. Our platform bridges the gap between buyers and extensive selection of vehicles through user-friendly online car auctions. With almost 20 years in the industry, we cater to a diverse clientele, including those looking for unique repo cars from insurance auto auctions. We're proud to be not only Copart's longest running broker but also the only Copart registered broker with an A+ BBB rating, ensuring top-notch service.

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