Salvaged vehicles offer significant cost savings to those who purchase them over new models. Unfortunately, there are several myths floating around regarding salvaged vehicles that paint them in a negative light. Such myths often prevent people from taking advantage of the beneficial financial opportunity that salvaged vehicles provide. To help clear the air, we’ve debunked some of the most common misconceptions about salvage vehicles.
Contrary to popular belief, not all salvaged cars have undergone extensive damage. While some vehicles get a salvage title after being in a significant wreck, others may have only suffered minor damage.
Typically, vehicles are deemed salvaged by an insurance company when the cost of repairs exceeds the value of the vehicle. As such, older models that have less value may be salvaged even if there is minor damage. In some cases, newer vehicles may also be salved in an attempt to settle an insurance claim. Thus, there are several opportunities to purchase a salvage vehicle with minimal damage.
While insurance on a salvaged vehicle may be more limited than that of a brand-new model, getting a salvage title car insured isn’t impossible. Many insurance companies will offer liability insurance on salvage titles that pass necessary registration inspections. Depending on the state you live in, the state of your vehicle, and your insurance company, you may also be able to get collision coverage.
People are often dissuaded from purchasing a salvage title vehicle because they are afraid of the high repair costs the vehicle will incur. However, as previously stated, not all salvage vehicles have undergone extensive damage. In some cases, the vehicle may only require basic, inexpensive repairs to become roadworthy again. Plus, replacement auto parts are often highly affordable if you know where to look for them. Thus, repairing a salvaged vehicle is often highly cost-effective.
If you’re interested in purchasing a salvage title vehicle, check out the extensive array of options at AE of Miami. We specialize in selling and exporting damaged and repairable vehicles from all major U.S.-based ports. Our inventory includes salvage and repaired cars, trucks, SUVs, commercial vehicles, and salvage motorcycles for sale. For more information regarding our products, contact us today.