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Should I buy a Salvage Title Car?


I have found an 07 and 08 Chevy Malibu for 8000-9000 online they look sharp like nothing has happened to them but I know something has because of the salvage title. I was just wondering if I should even bother going to the car lot to look at the cars or should i just forget about them?

Nothing wrong with looking. Before you buy though, you should have the car thoroughly inspected by a really good mechanic. There have been cars returned from wrecks which look good on the outside but are dangerously weak underneath. Also be aware that it may be hard to insure and that a salvage title automatically devalues the car by 20 to 30%.

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RE:
Should I buy a Salvage Title Car?
I have found an 07 and 08 Chevy Malibu for 8000-9000 online they look sharp like nothing has happened to them but I know something has because of the salvage title. I was just wondering if I should even bother going to the car lot to look at the cars or should i just forget about them?

A salvage titled car can be an extremely great bargain. I’ve owned 4 salvage titled vehicles and other &quot:clean titled&quot: vehicles. I’ve had better luck with the salvaged titled cars. I don’t care what kind of title a &quot:used&quot: car has. If you’re buying &quot:as is&quot: you could be buying a pig in a poke, no matter what. Even brand new cars aren’t always reliable, else-wise there wouldn’t be a &quot:Lemon Law&quot: on the books. So you take a chance no matter what. I am still in possession of 2 salvage cars. One has a &quot:cleaned’ title and Car Fax tells that its accident free, (but it has been wrecked, you can easily tell) so you can’t completely trust anything. The car was sold to me by a reputable dealership as a clean titled car, but I knew what I was doing so I got them to almost give it to me. The other car has a salvage title. I bought it in 2001 with 28K on it and it has 157K on it now. It still has the original battery in it! I’ve never had trouble getting &quot:full coverage&quot: and I didn’t have trouble getting a loan on it either.

Those are car’s that the insurance company wrote off as not worth repairing, whether it be flood, fire, accident, etc. That’s a headache you don’t need. The title has &quot:SALVAGE&quot: written across it in big letters. When you go to sell it, you’ll have a headache because most buyers will walk away (and you’re legally obligated to disclose that it’s a salvage car.) Think you’re getting a deal? That’s because they can’t sell a salvage car for anything near what the same car with a clean title would be worth. The same will happen to you, you’ll be selling it for around $4,000.

Honestly, find something a little older for the same money if that’s your budget. I think you’d regret buying salvage.

I generally buy salvage title cars as they are a lot cheaper and generally have low miles.

First expect more lillte things to go wrong. In the 2004 Focus I bought in October with 51,000 miles for $4600, I had to replace one rear view mirror ($40), replace a CV boot ($195 with labor) and fix a crack in the air induction system that let in water when I had it washed(duct tape). If you can do this stuff for yourself you can save big money. If you cannot do it yourself then the labor to do these things will eat up a lot of your savings.

I ask to see a before picture as they generally take one. being a professional engineer I know what to look for. In the case of my last buy I was surprised how little damage there was. A fender, a nose cone and headlight plus paint. The air induction system damage was repaired instead of replacing the parts. I am very happy with it now.

My point is that if you are a mechanically adept person then salvage title cars are a great opportunity. Otherwise, buyer beware.

If you purchase a salavge title you are risking two MAJOR things:

1) A car only becomes a salvage title when some major part of the car is damaged and cannot be fixed. It usually means the frame has been bent. If you get into even a minor accident that frame may snap like a twig.

2) Most insurance companies will not cover a salvage title vehicle (with good reason).

Honestly, I don’t think its worth it.

I think they’re worth looking at. some dont have any major defect that would affect safety. Go look at them with someone that has knoledge of cars (like a mechanic)

Insuring these cars is just liek any other car. In california (a more stricter state) you can insure them without any problems.

I had a few salvage cars and nothing major was wrong. just minor accidents that the owner didnt want the insurance company to pay for, but got some money for the value of the car.

I SAY GO FOR IT.

I used to build salvage cars and trucks. The damage to them can vary greatly, as can the skill of those doing the job. Ask for pictures before the repairs were started. Your discount over an undamaged car should be substantial: 25 – 40% off.

Looks sharp…you gonna look at it or drive it? A salvage title is like a poison label. There are reasons for the warning. Don’t even waste your time.

These cars have been in a flood of some kind,they sell them really cheap..You will be driving down the road and the floorboards will fall out….Lift up the carpet on the drivers/passenger side and see what I mean,look at the rusted floorboards.

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