Cars withsalvage titles, which the insurance company has declared a total loss. Private sellers or dealers that aren’t open to you having a pre-purchase inspection done on the vehicle. Private sellers who try to rush you into purchasing the vehicle. ...
But don’t give up just yet, for there are lenders that do finance salvage cars. The interest rates, however, are usually very high. Also, before signing off any agreements, read the terms and conditions thoroughly to keep yourself from any unpleasant “contractual entanglements” in the futu...
CarMax does not sell retail cars with flood or fire damage or salvage history. CarMax is unable to repair safety recalls. Your CarMax representative can help you determine if the car has a pending recall. Selling or trading in a car with CarMax Key facts Offers good for 7 days and non...
Private sellers offer their cars "as-is," which means you have no recourse if the car turns out to be problematic. Then there is the issue of payment and titling. Typically the payment will be in cash, but the seller will likely require you to provide a cashier's check or ce...
Most people don’t want to buy a car with a salvage title. But it may be OK if you know what kind of damage it has had and are comfortable with the repairs. When meeting up to inspect the car and negotiate the price, meet at a public place. If you're looking at a car that do...
Check title status such as salvage, rebuilt, junk, or mileage discrepancies. These drastically lower values. Accident History Any accidents or insurance claims should be concerning. Minor fender benders still equal repairs. Maintenance Records
States, counties and municipalities vary in the requirements for selling a junk or salvage car. Ask the junk car buyer if they require a title in your name or what other proof of ownership they require or will accept to complete the transaction. In either case, make sure that you have the...
Buyer beware: What is a rebuilt title? Learn more about the pros and cons associated with a rebuilt title as well as the differences between a rebuilt title, salvage title and clear title. Continue, Buyer beware: What is a rebuilt title?
is important to pay attention to this detail as it can affect the car’s value and future performance. By researching the title of the salvage car, you can make a more informed decision and avoid any potential issues down the road. To learn more about thetitle of salvage cars,click here...
(For more information, read our “Buying Salvage-Title Auto Insurance: What You Need To Know“) If your vehicle is paid off, and it is not your sole source of transportation, then you can consider whether or not you need full coverage. Reducing coverages that are not necessary can reduce...