The main benefit of purchasing wrecked trucks is their low cost, since most wrecked trucks are sold off cheaply after being involved in road accidents. The price of a wrecked truck is usually much cheaper than the price of a used truck of a similar model.Continue Reading
When an insurance company decides that it is not economically feasible to repair a particular truck after an accident, the truck is sold off to spare parts dealers or buyers who need an affordable car. Most wrecked trucks are sold off when the cost of repair is more than 75 percent of its original market value. However, not all wrecked trucks are damaged beyond repair. Some owners negotiate with the insurance company to total their trucks to avoid paying large claims from the client.
When a truck is wrecked, it is issued with a salvage certificate that does not allow it to be driven, registered or resold in its current condition. After repairing the wrecked trucks, most states have traffic regulations that require such vehicles to pass a safety inspection test. If they pass the test, they are issued a new certificate indicating that the vehicle has been rebuilt or salvaged so that potential buyers are informed of this fact before making a purchase.Learn more about Buying & Selling