How You Can Make Money Off A Salvage Car: The Secret!

1 in 7 vehicle accidents results in a car labeled as a salvage. Meaning they no longer are legal to drive on the roads. So what do people do with salvage titled vehicles? Most of the time they head for the scrap yard for crushing or melting or a salvage car auction, but what if I told you that you can MAKE MONEY from a salvage titled car? Keep reading to find out HOW you can make money on salvage titled vehicles, but first, we need to clear up a couple things…

How does a vehicle receive a salvage title and/or end up at a salvage car auction?

A vehicle receives its salvage title after some sort of damage has occurred to the car and the insurance company estimates the value of the repair to be close to, the same, or more than the value of the car. Usually, any repairs needed for a vehicle that is worth 75% of the vehicles’ value or more is deemed as salvage by insurance companies.

This doesn’t only include panel damage that can occur as a result of an accident. A vehicle can also receive a salvage title if something internally breaks and costs 75% of the vehicle’s value to fix it. This can be things like damage to the engine, transmission, or any other thing in the car for that matter.

Another way a vehicle can be deemed salvage, but without any real damage to it, is if the vehicle gets stolen, and the insurance company pays out the customer for the value of the vehicle, but later the vehicle is found. As soon as the insurance company pays out its customer, it conceives the stolen vehicle as a salvage, regardless if it’s actually damaged or not! So if the car is eventually found, it just heads straight to the scrapyard, or auction yard. Now that’s where things get interesting…

How to remove a salvage title from a vehicle?

In short, you can’t. Unfortunately, as soon as an insurance company slaps the salvage title on a vehicle, it becomes salvage for the rest of its life, that is if it has any life left in it. You can, however, change the title to rebuilt…