When getting a used car, what is the bad thing about getting a "salvaged" titled car? I mean, I'm looking at one right now, but I've heard that getting a salvaged title isn't good. Any objections? Comments? Thanks in advance for the help!

 

Well its stated "That you dont drive a title you drive the car". So with that in mind the car if repaired properly should be fine. Also why was it salvaged. Sometimes some minor damage can total a vehicle. Get the receipts for the work to determine what you think is acceptable. As for trading in a savlaged vehicle to a dealer. Well... You can forget about doing that. They wont offer you squat for the car.
Some myths about salvaged title cars is 1. You cant get it insured. Thats a Lie. Also a fully repaired vehicle is insurable and also will pay out the entire book value if totaled again. I know this because its happened to me on my Old truck.
2. You cant get finacing for a salvaged title vehicle. Also false.
Typical rules of thumb are 20-30% less value than book for salvaged title. But like most things value is representative of several factors. I see Supras going for above book and also Salvaged title cars for at least book value. So its relative.

 

wow, so you're saying if i purchase a salvaged vehicle, i'd be able to get it insured and if i need financing, i'd be able to get that as well?

 

yes

 

With a salvage title you will want to make absolutely sure that the car was repaired properly. A salvaged car will have a lower resale value but since you'll pay less for it that might not be too big a deal to you.

 

alright...hmm...i just gotta make sure then that it's in the best of its condition as possible!

 

Take the car you're looking at to an alignment shop and have them do a four wheel alignment check. It'll cost you around $100 but will tell you if the chassis is bent. Sometimes it's the only way to tell. So it's worth it if otherwise you want to buy the car.