Buyers can sometimes find cheap salvage vehicles at junk yards, and there are a number of online resources available as well. Automotix, for example, allows buyers to request salvage vehicles within a certain price range.Continue Reading
A vehicles is often declared as salvage if the cost to repair it is greater than the cost of the car itself, and people sometimes purchase salvage vehicles to restore and drive them. In most cases, however, people purchase salvage vehicles for their parts. Many are sold at auctions, but predicting how much a vehicle is worth can be difficult. With a bit of patience, buyers can often find deals.
Some people also specialize in restoring and selling salvage vehicles. These rebuilt cars can be expensive to maintain and are potentially dangerous. Inspections for rebuilt cars generally ensure that the car has the right parts but not that it is safe to drive. Because people who repair salvage vehicles generally try to cut costs as much as possible, they may use damaged parts or take shortcuts when performing repairs. The vehicle is considered rebuilt, which lowers the car's value and might make it difficult to sell in the future. As a result, Consumer Reports and other entities generally recommend avoiding rebuilt vehicles.Learn more about Buying & Selling