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4 Reasons to Buy a Salvage Car from RideSafely

Have you ever considered buying a salvage car? Many people searching the market for an affordable car aren’t aware of all the available options. One of the lesser-known options is to purchase a salvage car: a car that has a salvage title.

Table of Contents

Here are some of the best reasons to consider this often-overlooked options for salvage cars:

1. Salvage Car Price

piggy-bank

Buying a salvage car can be a great way to acquire a working vehicle for a fraction of the cost of most used cars. Also, salvage cars that have not been repaired yet can make a great investment for resellers or a project car for hobbyists looking to add to their car collection. Whether or not your salvage car is in still-damaged or fully-repaired condition, it will always cost far less than any comparable version of the exact same vehicle.

Thus, salvage cars make great purchases for anyone who is looking for extra transportation options or is simply looking for a great deal.

2. A Salvage Car Title Isnt Always Bad

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A car becomes designated as “salvage car” when the insurer of the vehicle determines that the cost of repair is greater than a significant the market value of the car. Typically, some sort of damage will occur, the car owner will file a claim, and the insurance company will take possession of the car when their repair estimate exceeds their threshold. This threshold varies by state and country, but it can run anywhere from 70% to 100% of the car’s market value. The insurance company will sell their vehicle to a salvage lot or auto auction at severely reduced prices.

From here the car becomes salvage. Because the determining factor for a salvage car was portion of value instead of a set repair cost or damage assessment, there are a huge variety of reasons that a car will become salvaged. Many times, salvage cars will only have superficial or easily-repaired problems that the insurance company simply didn’t want to deal with.

For instance, a low-cost vehicle such as a 1996 Ford Escort would only have to have a thousand or so dollars of necessary repairs for an insurer to declare the car totaled and become a salvage car. Likewise, an expensive car such as a Salvage BMW M3 could have cosmetic body damage that would normally cost an exorbitant amount to repair if official BMW parts were used.

The car would be declared totaled, yet someone could repair it using aftermarket parts or salvage yard parts for much less than the insurer’s official estimate. In both of these examples, a simple bureaucratic decision results in a good deal for the buyer.

According to some states, cars don’t even have to incur damage to be salvaged. A vehicle could be stolen and replaced by an insurer after thirty days, but then later recovered and declared totaled because it was already accounted for, even if there is absolutely no damage to speak of.

3. Salvage Cars Undergo Mandatory Inspections

inspection

When a salvage car has been finished with repairs it must be inspected by a certified mechanic or public official before it can be allowed back on the road. Some states even require a police officer to carry out the inspection. This scrutiny means that the salvage vehicle must be safe enough and reliably operable before it can be operated. Salvage cars are thus always officially approved in order to ensure public safety. Buyers can confidently know that the vehicle they have purchased or repaired is safe because of the stringent requirements in order to get the vehicle back up to standards.

4. Online Salvage Cars Websites Can Cut Out the Middle Man

auction

Local used car lots are usually the first place people look when purchasing an affordable car. Many of these cars have been bought from the exact same insurance or salvage auctions and marked up to non-salvage prices. By going through a site like RideSafely.com, you know you are getting the absolute best price without having to pay extra for the vehicle to change hands. Many of our car auctions are directly from insurers. We also offer competitive pricing that will match any comparable listing and beat that price by 10%.

Find out more

What You Need to Know About Buying Salvage Cars Online with RideSafely

We Make Sure You Buy A Good Car.

Peruse our auto auction listings here and bid confidently on a salvage car to call your very own without spending a fortune.

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Frequently Asked Questions

All/Buyer Services/Documentation/General/Keys/Payment/Process/Shipment/Vehicles
02-27-2023

What happens if title becomes a salvaged title once I transfer ownership?

02-22-2023

Is this site for public or car dealer business?

02-22-2023

I live in Illinois and would like to purchase from Austin, Texas. Are there any restrictions I should be aware of?

02-20-2023

Is this a true proxy bid system or do I have to keep hitting the bid button once the vehicle is up live?

02-20-2023

Can I bid beyond my desired bid limit as the auction is in progress?

01-29-2023

I live in WV and I am looking at cars in PA and OH. Will I need a broker our dealers license to bid on these cars?

01-29-2023

How does this work when you purchase a vehicle that is in a different state than the buyer is located?

01-04-2022

Anyone can buy from the auction or must be a car dealer?

01-26-2021

If I don’t have a dealer license, can I still bid or buy a vehicle in an auction?

03-23-2020

Is there still auction available in Canada?

02-27-2023

What happens if title becomes a salvaged title once I transfer ownership?

01-29-2023

What does “CO CLEAR IF LOST/STOLEN CANNOT GET DUPLICATE TITLE” mean?

01-29-2023

Do all vehicles need an official inspection to be allowed on the road?

05-12-2021

What happens if I loose a title and/or need to order a duplicate?

05-12-2021

Which vehicles come with clean titles ready to be tagged and insured?

02-22-2023

Is this site for public or car dealer business?

02-22-2023

I live in Illinois and would like to purchase from Austin, Texas. Are there any restrictions I should be aware of?

01-29-2023

If I don’t win the bid, do you still charge me your fee?

05-16-2022

Can I see and test drive the motorhome before the auction. Can an employee start/test drive it for me?

05-16-2022

Do y’all except scrapers licences?

01-14-2019

The car I want to buy doesn’t have the keys where do I go to get the keys or can I buy new keys or I can’t not do.

01-09-2018

How do i know if the vehicle that i am purchasing has keys or not?

02-24-2016

Does the vehicle have keys?

02-24-2016

How can I obtain a key for the vehicle?

02-20-2023

So the $600 hold goes on top of the bet I want to place plus the fees?

02-13-2023

Is what I bid the only amount I will owe if my bid wins?

01-30-2023

Does Security Deposit count toward purchase?

01-30-2023

If the car is in New Jersey if I win can I come and pick it up and what is the fees of the auction?

05-16-2022

If participating in auctions does it cost anything?

02-20-2023

Is this a true proxy bid system or do I have to keep hitting the bid button once the vehicle is up live?

02-20-2023

Can I bid beyond my desired bid limit as the auction is in progress?

02-14-2023

Does the highest bidder always get the car or is up to a seller or is there a minimum bid?

02-13-2023

Does the highest bidder win?

02-13-2023

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02-13-2023

Is a car insured if it is damaged during shipping?

01-29-2023

Must a vehicle be transported by someone or can I pick it up myself?

01-29-2023

Can you ship my car to me in Ghana after purchasing?

05-25-2021

What paperwork will I need to have with me when I pick up the vehicle?

05-12-2021

“ATTENTION: THIS IS AN OFFSITE SALE AND PICKUP LOCATION MAY BE DIFFERENT FROM AUCTION LOCATION?” Does this mean that when biding on a car, it’s still somewhat connected with RideSafely or not?

02-01-2023

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01-29-2023

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