Thanks to increasing awareness about salvage cars, more and more people can now be seen at salvage car auctions. While many of these cars can be restored, which you can find in our online auctions featuring cars in the USA for sale, it is important to know the possible reasons why a car may receive a salvage title. This would help you make an informed decision when purchasing a salvage vehicle. Read on.
Road Accident
This is the most common reason why a car receives a salvage title. If a vehicle is involved in an accident and the cost of repairing the damage exceeds its declared value, it is deemed a total loss by the insurance company, after which it receives the salvage title. You can find a large inventory of accident-damaged cars at cheap car auctions, including various top-of-the line models across categories.
Flood damage
Floods are one of the most frequent and worrying calamities in the US. In the event of a flood, thousands of vehicles are submerged in water, which seriously damages their key components, rendering them useless. That said, if a vehicle was not completely submerged in water or the water was drained soon after it got in, you may have a chance to restore it to its glory days.
Fire damage
This is another reason why a car may receive a salvage title. A car damaged by fire, more often than not, is usually beyond the scope of repairs, and its best use (if any) is salvaging parts. Such vehicles also receive the salvage title. Here, it’s worth mentioning that in the case of vehicles that were only partially burned, there could be a possibility of restoration.
Theft recovery
The law enforcement authorities have a certain time frame within which a stolen car must be recovered, after which the owner is entitled to claim insurance. Any cars recovered after this period are given the salvage title, as by the time they are recovered, their owners would’ve already received their claims and are no longer the legal owners of their cars.
Wrap Up
If you’re thinking about buying salvage cars, it is important to conduct thorough research on the pros and cons of salvage cars, and the steps one is required to take to put them back on the road. In addition, it is important that you choose a trusted name in the salvage auto auction industry, such as AutoBidMaster. Register with us today and take your pick from the largest auto auction inventory in North America. If you have any questions, simply call: +1 (503) 298-4300 or fill out our contact form, and we’ll take it from there.
- JK Auto Import: An AutoBidMaster and Copart Success Story - January 24, 2024
- 5 Frequently Replaced Car Parts You Can Salvage from Junk Cars - October 16, 2023
- Top Muscle Cars for Your Next Restoration Project - October 9, 2023
