The Lowdown About Salvage Title Cars
In 2016, more than 17 million new vehicles were sold for the first time in the United States. Some of those cars are now for sale again, but under much different circumstances. In 2017, Hurricane Harvey hit Houston and Hurricane Irma walloped Florida. Thousands of cars were flooded and given a salvage title. Nationwide, many others were deemed salvage title cars due to collisions, theft, and a host of other reasons. And now, you need to be on the lookout for them.
Salvage Title Cars on the Market
Tens of thousands of cars with a salvage title are available for sale today. It might look like they are a great deal, often thousands of dollars less than the same car with a clean title. But beware: these salvage cars aren’t usually all they’ve cracked up to be.
Once a car is deemed a total loss, it’s sold to the highest bidder. It might be broken down by a recycler to sell for parts or it could be rebuilt and resold. If it’s resold, a car needs to be repaired first. But it’s not always to the highest standard.
To make the most profit, salvage rebuilders use the cheapest parts and cut corners wherever they can. While it might look good, a salvage title car can be expected to have more problems and have a shorter lifespan than a comparable car.
Water Damage Appears Years Later
Cars that have been flooded are a whole other matter. Water damage, whether freshwater or saltwater, is detrimental to a car. Metal parts will corrode prematurely and you can expect electrical gremlins to rear their ugly heads virtually anytime. While it might look like nothing right now, water damage will take years off a car’s life expectancy.
Warranty is Voided
If a car has a salvage title, there is NO WARRANTY from the manufacturer. When an insurance claim is settled, the warranty is considered fully bought out. Also, there can’t be an expectation for a manufacturer like Toyota to warranty a car that’s been repaired by someone else! If you’re looking at a car with a salvage title, be aware that there is no warranty remaining, regardless of its age or mileage.
Don’t get caught in a money pit. Avoid cars with salvage titles by purchasing from a reputable dealership like Jay Wolfe Toyota of West County. Our pre-owned cars are always fully inspected, certified, and always have a clean title.