Buying A Total Loss Car -
: Ensure the title is marked as "prior salvage" or "rebuilt." Beware of sellers trying to "wash" titles to make them look clean. Perspectives from the Community
“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
: If you plan to drive the car until it dies, the lower purchase price can be a steal. : Ensure the title is marked as "prior salvage" or "rebuilt
: A salvage-title car is generally worth 20% to 40% less than a comparable model with a clean title. I got $5500 for that car after the wreck instead of 4 grand
: Some sellers use "rebuilt" titles to hide serious structural or flood damage. Sketchy shops may simply swap exterior panels to mask internal frame issues.
: Many traditional lenders won't finance a total loss vehicle, and finding an insurance company to provide full coverage can be difficult and expensive. The Benefits: Deep Discounts
