If you're looking for a good deal on a used car, you might want to look at salvage yards – especially if you, or someone you know is mechanically inclined. You can get an inexpensive car and do the work of fixing it up for yourself. Before you head to the local salvage yard with cash-in-hand, there are a few things you should know. Here are three tips that will help you avoid potential headaches when purchasing a car from a salvage yard.
Research the Details Before You Purchase
Before you buy a car from a salvage yard, you need to research the details of the purchase. Some of the details you'll need to research will include how to register a salvaged car and how to insure the car once you purchase it. Most states require additional paperwork before you'll be allowed to register the car. In addition, while most companies will provide you with a basic liability insurance policy, you may have a difficult time obtaining any other type of coverage on the vehicle. This is important to consider, especially if you plan on putting a lot of money into the car to restore it.
Know the Exact Reason the Car Was Salvaged
You think you've found the perfect car at the salvage lot. The price is right and the body shows little sign of damage. While that might sound like a good deal, the car could be hiding damage that you're not aware of. Before you purchase the car, find out the exact cause of damage – meaning the reason the car was salvaged. For instance, the car may look good because it was caught in a flood. Flood damage may mean that while the body looks good, but the engine and the electrical system have been destroyed. Don't purchase a salvage car until you know about the damage.
Learn as Much as You Can About the History
When purchasing a salvaged car, you should also familiarize yourself with the history of the car. Before you make the purchase, try to obtain a detailed history, including previous car accidents the car may have been involved in. Many cars wind up in a salvage yard after being impounded by the police department.
If the owners can't afford to pay the fines, the salvage yard can sell the car. By searching for the history of the car, you can find out if it was ever involved in a car accident. Even if the body damage was repaired, there could be hidden damage to the frame.
Purchasing a car from a salvage yard can be a good way to get a great deal on a used car. However, you need to make sure you're not wasting your time or your money. The tips provided here will help you avoid problems when purchasing a salvaged vehicle. To learn more, contact a salvage yard like Teddy Bears Auto Parts & Salvage Inc.