Cars branded with a salvage title are diamonds in the rough—buying one is often a very economical decision. Salvage cars are those that have previously figured in an accident or those with an excessively high cost of repair. Because of the history of these car types, most people are hesitant to pursue the option, but buying one has its share of benefits.
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Why Salvage Title Cars are Still a Popular Choice for Drivers
1. Why Salvage Title Cars are
Still a Popular Choice for
Drivers
Cars branded with a salvage title are diamonds
in the rough—buying one is often a very
economical decision. Salvage cars are those that
have previously figured in an accident or those
with an excessively high cost of repair. Because
of the history of these car types, most people are
hesitant to pursue the option, but buying one
has its share of benefits.
Here’s a quick look at some of the benefits
associated with salvage title cars:
Low Cost
The main reason salvage-titled cars are popular is because
of the price tag—these types of cars are relatively cheap.
Owners often sell them for pennies on the dollar, because
blue book sites don’t value them, and more often than not,
no one knows how much they are worth. Since the height
of online car sales, more sellers throw salvage title cars into
the mix at extremely reduced prices.
Two-Car Strategy
Most drivers profit from owning a salvage title vehicle through a two-car strategy. The driver buys
a brand new vehicle for long distance travel and family trips, and then uses the salvage title
vehicle for commuting.
Having at least two cars in the family could lead to significant debts. The two-car strategy
suggests one car should be an efficient commuter—in which case, a cheap salvage title car is a
good choice. The person who drives the most during the weekend uses this one. The larger car
should only be there for road trips, which means massive capacity on the weekends and gas
efficiency on workdays.
2. Savings on Car Parts
Many of those skilled in car repair and restoration
buy a salvage car for the parts, which they use to
fix other cars. Others luckily find a salvage one
with only minor damage. They would only work on
the body of the vehicle, which means they pay
much less for a good car that still functions well.
While many doubt the purchase of a salvage
vehicle, there are tremendous benefits that make it
an appealing and popular option for many drivers.
Resources:
http://www.mrmoneymustache.com/2011/05/02/c
ar-strategies-to-cut-your-costs-in-four-or-more/
http://www.pickles.com.au/