Is Paying Cash for Junk Cars Worth It?


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If you are considering paying cash for junk cars, there are a few things to keep in mind. This video will go over whether buying salvaged cars is worthwhile, and how to keep your head about you while you do.

When you are looking for your dream car, you may find an ad for an extremely cheap model with the note “Salvage Title”. A salvage title is placed on a car that is totaled.

A totaled car is a car that is damaged and needs repairs that cost more than the value of the car.

A salvage title does not just mean collision damage. Fire damage, water damage, stolen parts, and more can all lead to a car being bought by a junkyard under a salvage title.

Salavage title cars are thousands of dollars cheaper than normal cars, even if they’re used. However, there are a lot of cons with salvaged cars, too.

Some states don’t require a salvaged car owner to have records of what totaled the car in the first place. Second, a car will never clear the salvage title off of it’s record, which means that you won’t be able to sell it for as much even if you rebuild it.

For more information, click on the link to the video above.

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