There are many reasons a car can earn a salvage title. Today we talk pros and cons of buying a salvage car, and if it's worth the savings. Remember there are many factors that play into this choice.

This is an excerpt from The Survival Podcast episode 1989 ~ www.thesurvivalpodcast.com/council-4-21-17

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Comments

    • J.R. Zippie
      J.R. Zippie

      3 yrs ago (2016) I bought my first ever Salvaged Title car (2012 Chevy Equinox)...It is one of the finest cars I have owned and has not given me a bit of trouble....Still has that New smell interior....I don't know what the original damage was...nor did I care to know...as the car looks super good and no repair work is evident inside or out.......I plan to keep this vehicle a long time....I am fully insured (AFI)....

      about 3 days ago
    • Brett Wilson
      Brett Wilson

      Wonderful insight! Thank you for sharing!

      about 14 days ago
    • Timothy Allen Campbell GoTimothy
      Timothy Allen Campbell GoTimothy

      Don't buy salvage title. The rich get richer the poor get poorer. The rich want a new car so Insurance companies give them one and they don't mind, because they're going to pass the cost on to poor people who purchase the salvage title. If you buy a car with a salvage title, you are going to pay more for insurance then you would for a new car. Insurance companies know, that it was a salvage title by the VIN number, that they had to pay for it and they want to regroup their money, by charging the next person who gets insurance on the car. If you're the type of person who doesn't buy car insurance, then you can buy a salvage title. But if you're buying car insurance, look at paying at least 2,500 a year for car insurance, if you buy a salvage title. Also new car dealers will not even give you a penny, for a salvage title car on a trade in. They don't want them. Don't look at getting a bank loan for a salvage title car, the banks don't want to risk lending money out on a car that may break down. I made a mistake of buying a rebuilt title 2017 Toyota Prius on eBay for $11,000 that only had 16 K miles. It was like brand new. The Insurance Company wanted $2,500 a year insurance, to regroup the money they lost when they paid out on it, to the rich guy who wanted a new car. After 10 years I will have paid $36,000 for the 2017 car. Which only cost $20,000 when it was brand new. Insurance companies are scammers. If you're going to buy a rebuilt title or Salvage car, do not purchase insurance. You're paying for the rich guys mistake.

      about 26 days ago
    • Manuel Hernandez
      Manuel Hernandez

      Salvage cars are the best. Beats buying cars from a dealer.

      about 1 month ago
    • V. E.
      V. E.

      I bought an '02 Blazer w/ a salvaged title and don't care because I'll own it till I pass. It was a case of the insurance blues, as you mentioned, where the repair is more money than the value of the vehicle. I've already popped the dent in the driver's side out, but will also need to replace some of the curvy sheet metal down by the rocker panel. It'll be completely rebuilt by the time I'm done and will last as long as I need it.

      about 1 month ago
    • StrangeExplorations
      StrangeExplorations

      I almost bought a salvaged vehicle, and I’m glad I watched this first!

      about 1 month ago
    • Brain Russell
      Brain Russell

      Some great advice... respect from NM.

      about 2 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Brain Russell

      Cheers and thank you

      about 2 months ago
    • AGreedyTree
      AGreedyTree

      I'm thinking about buying a 2002 Saab 9-3 for $300. It has a turbocharger and a manual transmission. Both my PT Cruiser and Buick Century have 4 speed automatic transmissions. I'm moving from an apartment to a small house with a big yard. I live by myself and I know that the car has issues but at least it'll keep me busy. I'm also thinking about buying a motorcycle.

      about 2 months ago
    • Vladimir PutinYarbutt
      Vladimir PutinYarbutt

      8:55 looks like radio buttons collapsed into your eye sockets hahahaha

      about 2 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Vladimir PutinYarbutt

      Cool observation

      about 2 months ago
    • All Things Cars
      All Things Cars

      Will buying a salvaged car cause your insurance rates to go up high?

      about 2 months ago
    • All Things Cars
      All Things Cars In reply to All Things Cars

      @HumbleMechanic okay, thanks. I will ask the insurance agency just to make sure. I'm contemplating whether or not to buy a '07 Ford Fusion (2.3 L 4-cylinder Mazda engine) with a salvaged title, but I'll take it to a mechanic. My current car 2004 Chevrolet impala with the 3.4 v6 is nickeling and diming me

      about 2 months ago
    • HumbleMechanic
      HumbleMechanic In reply to All Things Cars

      Possible. I’ve never had it come up

      about 2 months ago
    • Cesar Angel
      Cesar Angel

      Is it a good idea too buy a 2018 or 2019 truck salvage and fix it and sell it ?

      about 2 months ago
    • Cesar Angel
      Cesar Angel In reply to Cesar Angel

      HumbleMechanic is it good to buy a damage type biohazard truck?

      about 2 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Cesar Angel

      It can be. Just be sure you have all your ducks in a row on the legal side

      about 2 months ago
    • Jeb Garcia
      Jeb Garcia

      I work near the boonies of san diego, there's plenty of backyard mechanics who fix up cars. Once i saw a car supposedly drive straight while pointed at 2oclock position I made a note not to buy anything near the area.

      about 3 months ago
    • JACK OF ALL TRADES / MASTER OF NONE!
      JACK OF ALL TRADES / MASTER OF NONE!

      you can go to gettitled.com and get a title w just a bill of sale. thats what i just did

      about 3 months ago
    • showgirls around the world a dancer family
      showgirls around the world a dancer family

      It depends on your local state laws on registration

      about 3 months ago
    • showgirls around the world a dancer family
      showgirls around the world a dancer family In reply to showgirls around the world a dancer family

      @jjbing3 basically true...Alabama has been problematic for year about salvage cars...you have to fix it to roadworthy but must have a licensed shop to approve it as roadworthy, then a state trooper and some other stuff...Florida is called a rebuilt title...but its hard and some people think its a great deal

      about 2 months ago
    • jjbing3
      jjbing3 In reply to showgirls around the world a dancer family

      showgirls around the world a dancer family This! Some states want blood for a salvage vehicle while others will let you register a skateboard 🤷🏾‍♂️

      about 2 months ago
    • Wayne Buffin
      Wayne Buffin

      A car with a salvage title is only good for parts

      about 3 months ago
    • Mak 6
      Mak 6

      NEVER BUY A SALVAGED CAR!!! I used to do the whole salvaged car flipping thing so I know how all these things work. There is a lot of shady work going on! There are a lot of crazy ass people rebuilding cars that should never be on the road.

      about 3 months ago
    • Areeb Qureshi
      Areeb Qureshi In reply to Mak 6

      @Mak 6 oh alright, thanks for the info - I was thinking of it as a decide side hustle - maybe buying a clean title of say a classic car and fixing it up and selling it would make more sense then dealing with salvaged cars altogether I believe - I will try to find out the rules and regulations in NY/NJ (Tri-State) best of luck on your new bussiness venture.

      about 28 days ago
    • Mak 6
      Mak 6 In reply to Mak 6

      Areeb Qureshi no I’m not. I was happy to get out of it. The auctions keep raising their fees, and in CA they are making it difficult to register salvaged cars, so there are all these hoops to jump through to where it’s not worth it. You get a car at the auction and by the time you fix it and get it ready to sell, it costs just the same as a clean title. It’s difficult to sell salvaged cars here in CA. People understandably don’t want a wrecked car, plus you can’t finance a salvaged cars here in CA. I got into a different business all together.

      about 29 days ago
    • Areeb Qureshi
      Areeb Qureshi In reply to Mak 6

      Are you still in the bussiness of flipping cars tho? If so please share.

      about 29 days ago
    • Miracle Video Productions
      Miracle Video Productions

      Excellent breakdown!

      about 3 months ago
    • carlos Robles
      carlos Robles

      Hey humble mechanic i see the death wish coffee Sticker on the wall. Would you be interested in some super amazing coffee from a small town named Boone in nc i would love to send you a bag!!! If so let me know

      about 3 months ago
    • Ryan Toomey
      Ryan Toomey

      I once looked at a salvage title vehicle on Craigslist. It had an issue where the steering wheel was offset 90 degrees! Basically if the steering wheel was straight, the car turned, in order to drive straight, you had to have the steering wheel turned 90 degrees.

      about 3 months ago
    • Ryan Toomey
      Ryan Toomey

      NEVER, EVER buy a salvage vehicle that was flooded! It will have a lifetime of electrical problems.

      about 3 months ago
    • Chris C
      Chris C

      I've had clean title cars that brake down on me within the first few months and I've had salvge cars that are solid and run for ever so to me I feel salvge cars are worth it

      about 3 months ago
    • Chris C
      Chris C

      I bought many cars and just because a car is clean title doesn't mean it's never been crash it was just not reported to insurance

      about 3 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Chris C

      That is very true!

      about 3 months ago
    • Tomas Netro
      Tomas Netro

      A brother of mine bought a 2011 colorado with a salvage title. So far its been a solid truck

      about 3 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Tomas Netro

      NICE!

      about 3 months ago
    • Delilah love Quiroz
      Delilah love Quiroz

      Should I take a special mechanic with me to purchase a used car?

      about 3 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Delilah love Quiroz

      I think that is a great idea

      about 3 months ago
    • amak1131
      amak1131

      The BIG thing is how the car is deemed a "total loss". If it isn't worth much to begin with, not much damage is required for it to be a "total loss". Could be as simple as a bumper being torn off.

      about 3 months ago
    • mario mendez
      mario mendez

      When I drive my car Is like I'm looking at 11 o'clock while the tires are pointing at 1 o'clock . Is that normal?

      about 3 months ago
    • HumbleMechanic
      HumbleMechanic In reply to mario mendez

      I am not totally sure what you are seeing. but if the car doesn't track straight or the steering wheel is off, start with an alignment

      about 3 months ago
    • Moo Kitty
      Moo Kitty

      Spend $100 on car inspection to buy a salvage titled car worth $1100-2000 seems pretty stupid. Imagine doing this 3 times bam you’re down $300 which would have saved you whatever you’re gonna offer. Better to just take 2000-2500 and buy a good non salvage car.

      about 4 months ago
    • BigHeadClan
      BigHeadClan

      I bought back my car after an accident to have a salvage inspection done for it because it was older and the repairs not too extensive, what I didn't expect was for the car to fail inspection because of some minor rust on the underside that was unrelated to the accident. I was aware of the issue beforehand just wasn't expecting it to be a flagged issue that would fail me.

      about 4 months ago
    • Orphan M8kER
      Orphan M8kER

      Wait real don't like how start vid. Last time I check and was in a accident the 80 min van I was in had scratch in bumper and new 2000 car had no front end. So might want switch that intro steel deff stonger then plastic

      about 4 months ago
    • Brian Dent
      Brian Dent

      HM: "...radio buttons collapse into themselves, because if they didn't they would collapse into your face (chuckles)..." Me: [subscribe]

      about 4 months ago
    • HumbleMechanic
      HumbleMechanic In reply to Brian Dent

      👍👍👍👍😂

      about 4 months ago