Tips for Buying a Car at Auction

A salvage auction can be a great way to get a vehicle for very little. The important thing is to know what you’re getting into when you buy from a salvage auto auction.

Tips for Buying a Car at Auction

What is a salvage vehicle

A car or truck gets a salvage title when the cost of repairing the vehicle to make it roadworthy exceeds the value of the vehicle. When a car has a salvage title, this should alert you that the car has been through some serious events.

So why would you ever want a salvage? The upside to a salvage title auto is that you can often get it for significantly less than it’s worth. By putting some work into finding a car and dealing with repairs, you can enjoy significant savings.

Be prepared for financial realities

You should be able to get liability insurance, but if you should ever need to make a claim on your salvaged vehicle, you should not expect to get much for it. It’s probably not worth getting any more insurance on it than you absolutely have to by law.

Also be aware that you will probably not be able to get financing for salvage cars, so have the cash on hand to buy what you want. Registration for salvage cars isn’t always simple. You may have to get a special inspection or certification, which will cost you a bit more.

Finally, remember that you can never go back from a salvage title. No matter how much repair you do to the vehicle, it will always be considered “salvage.” This will limit how much you can expect to get from it in resale.

Consider a pre-purchase inspection

Be sure to get a pre-purchase inspection of vehicles you’re considering. Most dealers that hold online auctions will be happy to help you arrange for a third-party inspection. You need this not only to verify that the car is in the shape you think it is, but also to get an estimate of how much it will cost to fix.

If you’re planning on doing the repairs yourself, then you may want to do the inspection yourself. Otherwise, see if you can get the body shop where you intend to have repairs to do the inspection for you and give you an estimate.

Crunch the numbers

You can get some great deals at an online salvage car auction, but you do need to think logically about what’s on offer. If a $43,000 new car has been given a salvage title, that means the insurance company thinks it will cost more money to fix it than the car is worth. That means there has been immense damage.

If you’re looking at a much older car with a value of, say, $7,000, it wouldn’t take all that much to get it to a salvage title state. This car could easily be saved and is definitely worth considering. Make sure you research the value of the cars you’re looking at before you start …

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Rules in Buying Cheap Second-Hand Cars Using Cash

Rules in Buying Cheap Second-Hand Cars Using Cash

Can you buy a good, reliable, and a usable second-hand car for just $2,000 to $3,000 in cash? If you ask us, the answer is a resounding YES. There’s a myth that brainwashed the mind of a lot of people who are buying second-hand cars, and we can’t just stay quiet without explaining how the tale is not true.

Saying that you can’t buy good, second-hand vehicles under $10,000 is just absurd, a way to condition the mind of the consumers and have them spend more. A lot of known Fresno car lots offer used cars like for example, a 1996 Nissan Altima with 200,000 in mileage, and a price tag of below $5,000.

And what’s more, you can pay it in cash. All you have to do is to be patient in looking for dealerships that can offer you used car that is within your budget. We compiled a small list to help you find good and cheap used cars that are within your budget, and you can pay in cash.

“Uglied out” cars can be very cheap

Nicks, hail damage, dents, and peeling paints can help you get a lower price when buying a second-hand car. The uglier the exterior looks, the more you can haggle the car dealerships for a lower priced second-hand vehicle. You need to remember that all the flaws outside the car won’t affect the performance of the engine under the hood.

But there’s an area where every buyer should always look out for – the tires. You need to make sure that the tires are not bald even if you will pay extra for it. No matter how ugly looking the car is, or how dirty their interiors are, as long as the engine is in good condition and the tires are new or close to brand new, the vehicle is still good to go.

Haggle all you want to lower the price, but you can’t compromise your safety and the safety of your family to get discounts on buying a second-hand vehicle.

Follow the 100,000 mile – 10-year rule

Ever heard of Japanese and Korean manufacturers like Kia, Mitsubishi, Hyundai, and Honda advertise their 100,000 miles – 10 years auto warranties? That is the inspiration for some rules you need to follow if you want to spend two to three thousand dollars on a second-hand car.

You have to look for vehicles that are a ten-year-old model and have at least 100 thousand miles on them. Cars with at least 100,000 miles on them are on their last leg and will not last long. That’s what most people think. In reality, it is possible for cars made 10 to 15 years ago can ride more or less 200,000 miles if the vehicle is properly maintained.

You have to know where to look

When looking for a cheap second-hand car online, you can check AutoTrader, www.Craigslist.org, CarFurus or the Klipnik message boards. Klipnik lets you put the model of the vehicle you …

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