10 Tips for Buying a Salvage Auto


1
Where to Buy

You know the stereotype of used car dealers as snake-oil salesmen looking to foist lemons on unsuspecting buyers? Well, it's only sometimes true. But you should be doubly cautious when choosing where to buy your salvage auto. If you know a reputable local dealer, preferably whose kids are in Boy Scouts with your kids, great. If not, things get a little gray.

The bottom line? Make sure you check out both the salvage dealer and the specific car before you consider buying. Start by checking the Better Business Bureau for complaints.

If you bid on a salvage auto at one of the many online clearinghouses, be sure you don't skimp on the evaluation just because you're doing it at a distance. Keep your head in charge of your heart, and take it slow.

For more great information, check out the links below.

Last editorial update on Oct 4, 2018 02:56:34 pm.

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Sources

  • Better Business Bureau. "Visit the BBB Nearest You." (Sept. 20, 2018) http://www.bbb.org/
  • CarsDirect. "Salvage Title Vehicle Risks And Rewards." (Sept. 20, 2018) http://www.carsdirect.com/used-car-buying/salvage-title-vehicle-risks-and-rewards
  • CARFAX. "Flooded Cars." (Sept. 20, 2018) http://www.carfax.com/car_buying/flood_damage_cars.cfx
  • DMV - Department of Motor Vehicles. "Search DMV by State." (Sept. 20, 2018) http://www.dmv-department-of-motor-vehicles.com/
  • Gorzelany, Jim."Structural Damage and Car Frame Damage." CARFAX. September 14, 2018. (September 20, 2018) https://www.carfax.com/blog/structural-damage-101
  • Kelley Blue Book. "Get Your Used Car Price." (Sept. 20, 2018) http://www.kbb.com/used-cars/
  • NADA Guides. "New, CPO and Used Car Prices." (Sept. 20, 2018) http://www.nadaguides.com/?gclid=CNfi6_mBqakCFYTr7Qod3B4vMQ
  • National Insurance Crime Bureau. "VINCheck." (Sept. 20, 2018) https://www.nicb.org/theft_and_fraud_awareness/vincheck
  • O'Connell, Brian. "What Is a Salvage Title Car and Should I Buy One?" Experian. March 21, 2018. (September 20, 2018) https://www.experian.com/blogs/ask-experian/what-is-a-salvage-title-car-and-should-i-buy-one/

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