: If you plan to drive the car until it dies, the lower purchase price can be a steal.
“The day I got it ready to sell, I got rear-ended. The insurance company said my car had actually been totaled twice before... I got $5500 for that car after the wreck instead of 4 grand!” Facebook · Ford 7.3L Powerstroke Owners · 11 months ago buying a total loss car
: A salvage-title car is generally worth 20% to 40% less than a comparable model with a clean title. : If you plan to drive the car
Buying a total loss car—often referred to as a "salvage title" vehicle—can be a high-stakes gamble that offers either a massive bargain or a permanent headache. A car is typically "totaled" when repair costs reach of its actual value . The Risks: Hidden Damage and Value I got $5500 for that car after the wreck instead of 4 grand
: Never buy a salvage car without a mechanic's review. They can spot "hidden damage" that might surface months later.
: Use a VIN Check Tool to see if the car was totaled multiple times or has a history of flood damage.