Salvage Vehicles: What You Need to Know
Salvage vehicles offer savings but come with risks. Here's what to consider before buying or selling one.
Salvage vehicles are declared total losses due to extensive damage, often from accidents or natural disasters.
Salvage titles result from various damage types, like collisions or floods, where repair costs exceed the vehicle's value.
Salvage vehicles offer cost savings and appeal to DIY enthusiasts interested in restoration projects.
Buying a salvage vehicle carries risks like hidden damage, safety concerns, and limited insurance options.
Sellers should be transparent about salvage status, provide accurate information, and be open to negotiations.
Thorough inspections are crucial for assessing structural, mechanical, and safety issues.
Salvage vehicles offer opportunities but require caution. Understanding risks and ensuring transparency are key for successful transactions.