What you need to know before we dive in. A car’s title is a label that describes the condition of the car, and if anything, serious has happened to it before. These are usually applied to a car after an accident or insurance claim.
There are four titles available: Irreparable, which means that car is incapable to be back on the road, and only good for parts. There’s also Salvage, which means that the car has been deemed a total loss but can still be used on the road after passing an inspection. After passing that inspection a car is given a Rebuilt title. Finally, there is the No Title, which means a car is okay to hit the road.
A car can get a Salvage title if it is involved in a collision or incident which would cost more to repair than the value of the vehicle. These cars tend to be written off and sent to a scrap yard. From there, the scrap yard can choose to take the car apart and sell the parts individually or to sell the car in one piece to someone that would be interested in rebuilding it, likely to re-sell it for a profit. With that in mind, is it worth it to buy a Salvage titled car?
It depends on how much work you want to put into the vehicle. Is worth looking at buying if the price is low? Despite a good deal, sellers have trouble selling salvage or rebuilt titled cars. There are too factors and too many things that can go wrong for people to commit financially. Resale of them will be just as difficult, as prospective buyers quiz you about what went wrong with your car, why are you selling it, why should they buy it and the list goes on and on.