‘Kicking the tires’ is one of the most time-tested axioms to buy a used car. Then again, when you wish to buy a salvage car, this axiom might not stand true. Mostly, salvage title is given to a vehicle that has sustained damaged worth 75 percent or more of its actual value. For example, if a vehicle with a worth $10000 gets damaged in an accident or any other calamity and incurs $8000 as cost to repair, banks or insurance companies would most probably give it the title of “Salvage”.
There are several Dallas car auctions taking place, wherein distributors sell salvage cars at great prices to the buyers. Despite the popularity of salvage vehicles, people are still apprehensive of how good the deal is. Questions such as “Why should I buy a salvaged vehicle over the used one?” and “Will this vehicle be road worthy?” continuously haunt those making up their minds to buy a totaled car. But, along with these questions, come certain myths associated with the salvage cars. Let’s discuss a few common misconceptions about salvage vehicles.
Salvage Vehicle Auctions are Complete Failure and Financial Loss
Salvage vehicles are badly damaged therefore, the cost of repairing them can be too high, however, that doesn’t mean the vehicle is beyond repair. Buyers often come across some damaged vehicles that have damaged outer body, still, engine and other parts are working perfect. Those who inspect the vehicle carefully before buying will never land into a financial loss.
Salvage Auctions are for Experienced People
Anyone who wants to buy a vehicle without spending a fortune or has interest in cars, trucks and other vehicles can participate in the auction. Having said that, it requires careful planning and research to determine the worth of the vehicle. Salvage auctions aren’t just for the experienced ones.
Look for Odometer Fraud in the Vehicle through Digital Odometer
Checking the performance of the vehicle is important from a buyer’s perspective. An individual might rely on the digital odometer to check the age and performance of the vehicle. Nevertheless, the device can be easily replaced with another one that shows lower mileage. So, check the less durable items such as floor mats, pedals, vehicle’s seats and carpeting of the automobile. In case the items have been replaced but the odometer shows a low reading, there are chances that the vehicle is quiet old.
Before you buy a salvage vehicle, spend some time to research about the vehicle. It is important to find out the type of crash in which the vehicle was damaged or the natural calamity due to which it was titled as salvaged. Also, when you are familiar with the extent of damage sustained by the vehicle, you will be able to calculate its worth before buying.