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When buying a car with a salvaged title, proceed with caution.
A car is a must when it comes to getting around town. However, buying a car is expensive. A used car is a great option when it comes to sticking to your budget, but it’s important to be cautious, especially when it comes to buying a car with a salvaged title. Check out what you need to know about salvaged cars so that you can make the right decision when buying a car.
What is a salvaged title?
Your title is proof of ownership when it comes to your car. However, in the event that the car has been severely damaged, so much so that it costs more to fix the car than the value of the car, the car is deemed to be a salvaged vehicle. This is then marked on the title, making it a salvaged title.
Why it’s important to be cautious when buying a salvaged car.
When a car has been salvaged, the previous damages have been severe. Fixing such a car isn’t the most profitable endeavor. Often these repairs are done cheaply, and they may not be done properly, posing a safety risk to you, your passengers, and others on the road. There’s often no way to know who fixed the vehicle and therefore you run a serious safety risk. Proceed with purchasing a salvaged car with extreme caution.
Insuring a Salvaged Vehicle.
When it comes to insuring a salvaged vehicle, it’s important to keep in mind that your insurance will likely be expensive. Because the actual value of the vehicle isn’t known and because you don’t know how the vehicle was repaired, it poses a greater risk for the insurance company. Expect to pay higher insurance premiums when it comes to your salvaged car.
When it comes to buying a car, ensure that you’ve done all your homework. Be cautious when buying a car with a salvaged title. Protect yourself on the road with the right auto insurance. For help finding the right policies, contact the professionals at Cook, Disharoon & Greathouse, Inc. Located in Oakland & Pleasant Hill, California, we serve all your personal and commercial insurance needs. As of February 1st, 2017, we’ll be moving locations! Our new address will be 1942 Embarcadero Oakland, CA 94606. Come visit the new office!
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