Salvage Cars Significance in Automobile Industry

The business of salvage cars and the parts of such cars contribute to a major part of automotive/automobile industry in the US economy. It has provided jobs for thousands of people not only in US but elsewhere in the world. There are uncountable companies today which make their livelihood out of this business. In this article we will see the practical aspects of salvage car business, precautions to be taken while buying such cars and factors that affect the resale value of such cars.

The salvage titled car is one which faces damage in many ways like a natural calamity like flood or earthquake and mainly by a road accident. Such cars are usually rated with a very less value or even of no value by the insurance companies in the US. The factors that affect this value are the current value of the same car in the market. If the expenditure to repair the damaged car is more than half of its current price, it will be declared as salvage motor.

Then how do such cars get buyers? And how did this salvage business flourish?

Over the period of a decade these cars managed to get a good number of buyers, so much so that the business expanded its reign into the internet world. Not only the auto auctions are held in different parts of the country but also conducted in many websites. The resale value of such cars is individually decided by the buyers but generally, the buyers get carried away with the value declared by the insurance companies.

The reason for this is the extent of damage done to the car. Even after the car is repaired and is ready for use, it is viewed with high suspicions regarding the healthy working of the engine. The buyers generally used to prefer used cars over salvage title cars. Overcoming these hurdles, the automobile auctions performed considerably well in terms of specific salvage cars like Ford and Chevrolet. Sometimes the auto auctions even conduct exclusive ford salvage car auctions and Chevrolet salvage car auctions.

The buyers mainly look at the brand names of automobiles in such cases.

The online presence of this business is through certain websites which allow viewers to actively participate in online auctions and online sale and purchase of repaired cars, damaged cars and salvage title cars. There are two ways of doing this business; one is to buy them and have them in the junkyard. They are also called as Salvage Yards. Owners preserve them in a junkyard and buyers just choose a car of their wish and purchase it. Or even take a few parts from salvage cars and pay only for the parts. This type of business is usually termed as You-Pull-It-Yard. The other way of doing is to buy such cars, repair and sell them or even auction them. There are many companies and individual owners doing this work in their websites.

There are websites which sell reasonably cheap and good salvage cars online; which are mostly privately owned. There are also the US government websites which give information of different used cars like http://www.bar.ca.gov and http://www.vehiclehistory.gov. These are maintained by the government so you need not worry about the duplicate content issues.

As much as it is advantageous and profitable business, certain precautions should be taken while purchasing these cars from dealers. Be careful of fraud dealers who fake the authenticity of the repaired cars. Some tips to value the rates are: find out the exact value assigned by the insurance company of that car before purchasing it, compare the value of salvage car with that of a new car of the same model. By doing this, one will clearly know the genuineness of the proposed rates. Some dealers also include the repair cost into the resale cost. Exclude any such repair costs when you buy salvage cars or salvage auto parts; make sure you clearly have an idea of the market rates of all automobiles.

Find out about more dealers and junkyard from the store locator provided in various websites including the two sites mentioned above.

Best Place To Buy Used Cars Is Where You Are Treated Like Royalty

The best dealership to buy a used car at is one that believes it is all about you – the client.

I know that probably sounds like an oxymoron!

Most of us have had experiences buying a new car where you left feeling like you were stupid and a low life.

I’m here to tell you that it doesn’t have to be that way anymore!

There are dealerships available in your area, dealerships that have a whole new way of buying and selling used cars.

It is called and auto consultant or auto broker, depending on what part of the country you live in.

These people are the experts and will take away the burden of buying a used car. They will handle all the details from finding the perfect car to finding the best financing available so that you save money as well as time.

Ah…

Sounds terrific, right?

But how do you know a dealership is going to treat you like royalty?

That answer is really quite simple. Most of us have had the confrontational car buying experience, so you want to find a dealership that makes you feel the opposite of that.

Let’s face it…

Buying a new car is supposed to be an exciting time in your life! For most of us, it is the second largest purchase we will ever own and it should be fun.

I suggest you visit a few different dealerships in your area that classify themselves as auto consultants or auto brokers.

Pay attention to how you are greeted. Does it feel like you are taking part in a sneak attack, or are you able to casually walk into the building to speak with someone?

Obviously, the second scenario would be the most comfortable.

Remember, just because you walked through the doors of a dealership doesn’t mean that you are obligated to buy from them. And, if it doesn’t feel good, turn around and walk the other way.

If it feels like you just walked into a friend’s house, stay awhile and chat with one of the brokers.

Now, watch to see if the dealer asks you questions about what it is you are looking for. Compare this to someone who tells you they have the perfect car for you before you have even told them what you are interested in.

Ask them if they don’t have the vehicle you are looking for can they locate the vehicle you want? Ask them what resources they use to find cars.

Most auto consultants/brokers have many resources from which they purchase vehicles as well as the buying power to negotiate the best possible price.

Allow them to treat you like royalty by doing the finding and the haggling for the best price. Royalty hires others to do the work for them and you deserve this too!

By the way it usually doesn’t cost you any more to use a broker’s services.

Ask about the financing they have available. Again, because of their buying power most brokers have vast resources at their fingertips that will finance the best possible terms for your auto loan.

This is more work you don’t have to do.

It really is possible!

The best place to buy used cars is a dealership that cares about you and treats you like royalty.

It’s time to get excited and really have fun buying your next vehicle.