Salvage vehicles represent a gold mine of opportunities for those who have the time and resources to get the most out of them. On one hand, buyers are able to get their hands on their favorite vehicles without breaking the bank; on the other, they get to take their pick from a wide array of options from the comfort of their home. Having said that, you must proceed with caution when bidding on salvage vehicles,…
So, where do salvage vehicles come from? Over five million vehicles are deemed a total loss each year in the United States, for reasons ranging from a fender bender to vehicles that have been completely burned to a crisp. When a vehicle is considered a ‘total loss’ by an insurance company, it may receive a salvage title. Different states and insurance companies have their own methods of deciding if vehicles are a total loss, including…
