As you possibly know, the United States has a high rate of car accidents. There are plenty of vehicles out there that are professed total losses by their insurers but are not too far gone to be reconstructed and put back on the road again. For an insurer to call a car a total after an accident, the repair estimates (body, edging, electrical, mechanical) must surpass the actual blue book value of the car. Junk cars have a lower blue book value; thus it’ll need less in the way of real body damage for the insurer to write the car off.
Always keep in mind that some dishonest sellers will launder a car’s salvage title by transferring it to a state that has clean titles only.
Also keep in mind that if you go to an auction, you’re going to apply against people who make a living from doing just that — buying clean title junk cars near me, restoring them, and selling them at return. Don’t go in any deeper on the front end of the buying than what you can afford. That may not mean so much if you want to keep the vehicle as a daily driver, but it can cut into your profit if you want to resell it. The upside of this is that a clean title reconstructed car is going to sell for more money than a salvage-title car will.
It’s probable to get a car at 50-70% off the book value at a vehicle auction if you buy a clean title junk car. Just be aware of the drawbacks, play your cards sensibly and you can come out with a dependable daily driver or a car that you can turn around and sell at a profit of a couple of thousand dollars.
