Buying a car with a salvage title can save you a lot of money. If you have a goal to pay cash for your vehicles this is a little short-cut that can save you thousands of dollars in car payments, interest, and insurance. There are some tips to buying a salvage title that may help you get the best deal possible.
Advantages of Buying These Types of Vehicles
Save on Car Payments — Most likely you will pay cash for a car you buy in this situation. Funding on salvage title cars is non-existent. If you pay cash for your car you won’t pay a penny in interest.
Save on Insurance — With a car of this type you can forgo paying for full coverage insurance. This is because the insurance company won’t give you anything if you were in an accident that was your fault. They will let you buy full coverage insurance but they won’t pay out when you crash (nice eh ). Pay less and get more — You can expect to pay much less for a car with a salvage title. If you don’t mind working on the body of your car and like sanding Bondo (a filler adhesive) you’ll be set to get a car for half off or more!
Where to Find Salvage Title Cars
Auctions — Insurance auctions is where you’ll find the biggest selection of salvage title cars. You need to go with a ‘buying agent’. These agents will have a used car dealership and will charge a small fee to take you to the auction. .
Friends and Family that have been in an accident. — If you know of someone that has been in an accident (and it’s not serious..cause you’re not a huge jerk) and the damage to their car isn’t that bad let them know you’re interested in buying it from them if the insurance company wants to total the car.
Classified Ads — Many times you can find salvaged titled cars in the classifieds. If you see a car that has a price that is too good to be true you’re probably looking at a salvage car. Make sure when you buy a car you always run the VIN number .

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