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Rebuildable Cars - Salvage Cars - Repairable Wrecked Cars Wrecked cars are often rebuildable and can be great bargains for buyers willing to make the necessary repairs. Properly rebuilt cars can be just as reliable and safe as any other car. Salvage cars can be a great opportunity. Where do salvage
cars come from? This can vary by state. In many cases these "distressed" vehicles are not rebuildable at all. However, in other cases, distressed vehicles have damages that can be easily repaired and are perfectly rebuildable to full operational status. In cases such as those in which a large number of vehicles are damaged at the same time, as in a flood or hurricane, an insurance company may survey only a few vehicles and then, to save time and expense, declare large groups of similar vehicles as total losses. Oftentimes there are vehicles among the group that actually have only minor damage, or no damage at all. In some states these vehicles end up with salvage or flood titles. Rebuilding such vehicles may only require some minor body work and paint. Salvage vehicles can also be recovered theft vehicles, fire-damaged vehicles, flooded vehicles, and vandalized vehicles — all written off by insurance companies. Recovered theft vehicles may have no damage at all and be in near-perfect condition. What happens
to wrecked vehicles? Salvage auctions are conducted on regular schedules by professional auction companies in cities in every state. Most are open to the public. Such auctions are good place to pick up wrecked and rebuildable cars but remember that there will other people attending and looking for good deals too. Some auction attendees are professional (or not-so-professional) rebuilders who make a business out of repairing and reselling salvage vehicles. Some dealers such as Elite Rebuildable Cars in New York specialize in selling salvage vehicles. Here's what they say:
When an insurance company pays a claim for a vehicle that has been stolen, the owner assigns the title to the insurance company. The insurance company becomes the owner of the vehicle. If the vehicle is recovered, the insurance company must apply for a salvage title if one or more major component parts are missing, destroyed, or damaged and not salvageable. This applies even if the estimated cost of repair is less than 75% of the vehicle's pre-damaged value. Buying rebuildable
vehicles There can also be safety problems. Airbags may be missing or disabled. Anti-lock brake systems may not work. Seat belts may have become unsafe. Warning indicators may not work. Steering system and wheel alignment may be damaged. Summary For more, see the following related articles: Damaged Cars - Salvage Cars, and Salvage Car Auctions.
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