Buying A Total — Loss Car

: Many traditional lenders won't finance a total loss vehicle, and finding an insurance company to provide full coverage can be difficult and expensive. The Benefits: Deep Discounts

“The day I got it ready to sell, I got rear-ended. The insurance company said my car had actually been totaled twice before... I got $5500 for that car after the wreck instead of 4 grand!” Facebook · Ford 7.3L Powerstroke Owners · 11 months ago buying a total loss car

: Some sellers use "rebuilt" titles to hide serious structural or flood damage. Sketchy shops may simply swap exterior panels to mask internal frame issues. : Many traditional lenders won't finance a total

: Never buy a salvage car without a mechanic's review. They can spot "hidden damage" that might surface months later. I got $5500 for that car after the wreck instead of 4 grand

: Use a VIN Check Tool to see if the car was totaled multiple times or has a history of flood damage.

: A salvage-title car is generally worth 20% to 40% less than a comparable model with a clean title.

: If you plan to drive the car until it dies, the lower purchase price can be a steal.