Your next step is to find a reputable website. For example, Auto Auction Mall has a huge database of salvaged vehicles for auction. The advantages of these websites are significant. You are assigned an agent with knowledge of the market. You have the opportunity to browse auction inventories more easily. Plus, you can customize your search to include just the vehicles with the safety features and options you need. You can review all the available details included in the listing and see the photos of the car.
You will have help with the offers, the purchase and the delivery of the car to your home. All of this makes car buying a more engaging experience compared to attending an auction in person. There are also additional resources available at your fingertips when you browse online. Kelley Blue Book is certainly a great resource, but there are also similar sites that you can check out.
Each vehicle listed for auction will include the VIN number that you can use to look up the full history. This can tell you what kind of life the car had in the past, and if it was serviced regularly. You can also find patterns of repairs and replacement parts that have failed more frequently throughout the life of the car. But your “fight” with a car that has a salvage title begins only after it is delivered to you, as this is where the recertification process begins.
Repairing a Rescued Car
A vehicle with a salvage title cannot be legally driven on the road unless it is repaired and recertified. The process begins with the repairs. Depending on the state, you can repair the vehicle yourself or you may need to hire a certified mechanic. Repairing a salvage car is a painstaking process. Take as many photos of the repair process as possible. Make a file and catalog with all the spare parts information. Keep all receipts for the parts you have purchased to use during the repair process.
Obtaining a Reconstructed Rescue Title
Once the repairs are completed, all states require that you go through the Department of Motor Vehicles and fill out certain forms. For example, in the state of Georgia, you have to use a licensed rebuilder for the repair process. But before painting the car, you need to inspect it. This can be done by state-certified private inspectors or at certification stations. You have to tow the cart to the inspection station. Some private inspectors will come and complete the inspection for you. Important: Each state has different rules when it comes to rebuilding cars. Make sure you are following the correct guidelines by choosing your state from our list of Rule Guides for Rebuilt Titles.
Documents and Photographs
For example, in Georgia, a certified rebuilder will submit a request for a rebuilt motor vehicle inspection. If you live in a state where you can do the repairs yourself, you will be required to submit the Georgia equivalent of the T-22R form. In addition, you will have to present all the required documents signed by you. They usually include a request for a tag / title, and certification of workmanship and parts, as well as the original salvage title.
Requirements vary from state to state, but these are the general documents that you must submit signed. Also, please provide all dealer photos, check vehicle historical reports to make sure no title wash. This happens when a rescue vehicle is moved to another state that does not recognize the rescue mark. So the car receives a new title that can hide its condition. This illegal move can significantly increase your resale value.
Rates and Insurance
If a private inspector inspects the car, you will have to pay an inspector fee.
Once you have passed the inspection, you can go and send all the documentation and materials to your local Department of Motor Vehicles, as well as the inspector’s report. You will also need to pay a state fee and a title fee. To avoid the private inspector fee, you can use the state inspection station.
However, the waiting time can be much longer. Insurance can be another issue when it comes to dealing with rebuilt salvage titles. Insurance companies are reluctant to provide liability insurance, let alone comprehensive insurance coverage on cars that have been canceled. The argument is that they have no way of knowing if, should you file a claim with a rebuilt salvage title, the damage suffered is new and not the damage that gave the car a salvage mark in the first place.
However, there are ways to work with insurance companies. This is where all the certification, inspection, and documentation can come in handy. Some car insurance companies may refuse to deal with you directly, while others may give you a quote. The downside is that the premium will be higher than usual.
The next step is to compare the quotes from different auto insurance companies. You can then use your documentation to show that the car has passed a state inspection.
Also, some insurance companies will check your car with a certified contracted inspector. You may get a quote that won’t leave you feeling scammed. This is where the recertification process ends. You can keep the car or sell it if you see a profit on the deal.
Ransom Title Considerations
You can get several key points from this article. Salvaged vehicles have suffered damage that causes insurance companies to cancel them. Some could have been stolen and recovered after the insurance company paid the claim. Some of these cars are in great condition, or little damage with minimal repair cost. One of these could be a perfect car to save some money.
Salvage title vehicles, for those who know cars, are a good way to get a cheap car.
Then you can fix the car and use it for daily transportation. Alternatively, you can sell the car for a profit. If your title renewal and repair costs stay below the price of an equivalent clean title vehicle, it’s a good deal. Make sure you know what you are buying. This should minimize the possibility of disappointment and maximize your savings. Salvage title cars can be a great way to buy cheaper used cars than you would pay at a dealership.