1. Know why the car has a salvage title
The first thing salvage car buyers at online car auctions need to do is know why the car has a salvage title. In some cases, you may run into vehicles that have been weather-damaged or involved in nasty accidents to such an extent that they are just not worth the cost of repairing. Understand the reason behind the salvage title to get an idea of how much repair work will the vehicle require. While some salvage cars are good as a source of spare parts only, many others are repairable easily and cost-effectively.
2. Estimate repair costs
Once you have an idea of the type of repairs the salvaged car will need, work out a cost estimate for repairing the vehicle. In most cases, first-time car buyers, who are not DIY guys, need to talk with a mechanic to discuss the potential costs of repairing a salvage vehicle. Some states require salvage vehicles to go through an authorized repair facility. Find out if the repair facility you deal with will provide a cost estimate for repairing the salvaged vehicle based on the condition of the vehicle. Remember that this is generally a rough estimate as there can be additional costs as well.
3. Know the rules in your state
Different rules govern different states when it comes to salvage titles and rebuilding vehicles with such titles. So, it is necessary to familiarize with the regulations in your state before buying a salvage car in auction. The website of the local motor vehicle department is the best source for specific legal guidelines related to salvage vehicles. Generally, salvage car buyers need to follow the rules strictly if they want to get the vehicle on the road again.
4. Get it repaired, inspected, and the title changed
Once you bought a salvage car, for instance from a New Jersey salvage car auction, you would probably need to repair it. An authorized body shop usually do the repairs. After the repairs, you will need to have the vehicle inspected by authorities to verify that it is using only valid parts, and the vehicle was not stolen. In most states, such vehicles also need a safety inspection to make sure they are roadworthy. After that, car buyers will be in a position to receive a rebuilt title.
5. Get insurance cover
It is illegal to drive a vehicle without proper auto insurance in the U.S. Getting a comprehensive insurance coverage on a rebuilt car can be difficult but not impossible. Generally, insurance companies find it difficult to determine the actual value of rebuilt vehicles. Still, used car buyers can find an insurer that is willing to offer insurance coverage. Find out in advance which companies are willing to offer such coverage before you buy a salvage car.
The Takeaway
The lead time in a salvage car buying process may be long and take a huge amount of time and spadework. But ultimately it is worth all the efforts on the part of pre-owned car buyers. Buy salvage vehicles at online auto auctions, save money, and invest that money on rebuilding the vehicles. Just make sure you do adequate research and follow state rules regarding salvage but repairable vehicles. Visit a leading online auto auction platform in the USA that offers salvage titled cars, and take your pick.