If you are looking for a cheap car to fix up and drive, you might want to buy a car with a salvage title. These are cars that have been in accidents and deemed a total loss by insurance companies. Some of them, though, might be in drivable condition and these cars sometimes end up in salvage auctions. Conditions will vary, however, and a good eye is needed to differentiate the “hopeless” salvage titles from the “fixable” ones at auction.
Get a Car for Almost Nothing
The main benefit to buying a car with a salvage title is that you get a car for very little money. It may have some major things wrong with it, such as deployed air bags, frame damage, or body damage, but is usually drivable. You can drive it as a beater or commuter car, but in most cases you will want to fix it up a bit before you do any serious driving in it.
But Only If You Can Afford the Repairs
If you are mechanically inclined or know a good, cheap mechanic, a salvage titled car can be a real bargain. After buying some parts and investing a few hours of labor here and there, your car will be ready to go.
Keep in mind, though, that salvage titled vehicles do require you to invest real work to get them back into acceptable condition. It is also unlikely that, once you fix it up, you will be able to sell it for a profit. A salvage titled car is something to buy if you need a beater car for yourself or your family and in which you can afford to invest some time and money.