Now that you are here, we can make sure that you have a car with salvage-title. We’re also sure that you did buy the car for an extremely lower price than it would have cost for a brand-new vehicle. And, since you’re driving it now, we take it that you have repaired the vehicle. So, from now onwards, we will be referring to the title as Salvage Rebuilt. Let’s cut to the chase now: you have been driving the salvage rebuilt vehicle for a while and you want to sell it. And you also have another question — whether you can trade in a car with a salvage title. Don’t worry we have an answer for you, and a detailed one. Shall we check that out?
Can You Trade in A Car with A Salvage Title — The Quick Answer
Yes, you can.
Since you have a salvage rebuilt vehicle with you — which is authorized to be driven — there is 100% chance that you will be able to sell the vehicle. However, the question is where you will be able to sell it and things you may have to compromise while doing so.
Did we answer the question? We hope we did.
The Long Answer
While you can trade in a car with a salvage title, it’s not as simple as it sounds. You cannot simply rush to any of the random dealerships and expect the people there to accept the salvaged car. On the other hand, there needs to be some homework if you need a good amount of the car. Before all that, convince yourself why you are selling the salvage rebuilt vehicle. Let’s tell you a hard truth.
If your car has become so pathetic that it can hardly be driven, it’s not a good decision to trade it in. For one, you are not going to get any amount for that. In fact, if you decide to dismantle the vehicle and sell the parts by yourself, you may get some extra amount — especially given that you repaired some of the parts. On the other hand, if you’re saving for a new car while selling a moderate-condition vehicle, trade-in makes sense.
So, whether you can trade in a salvage-titled car depends upon where you are trying to sell it and what you are expecting from it. The last time we checked, there are mainly two types of people among those who sell a car with salvage rebuilt title.
- People who sell the salvage-titled car for some extra cash, and to get rid of the old vehicle.
- People who expect a lot of money for their probably pathetic vehicle.
If you belong to the first category, there is hope. On the other hand, if you are expecting thousands of dollars’ discount on the new vehicle, it won’t be enough. Now that you know what is the scenario with trading in a car with a salvage title, we will take you through some of the steps and tips you should follow for the best and profitable selling experience.
Things to Know Before Trading in A Salvage Car
If you follow the things that we have listed below, you can have an easy and more profitable experience of selling a salvage vehicle. Most of the tips will also make sure that you are free from legal problems after the sale. Shall we check them out?
- Finding a Dealership that Accepts Salvage Cars
This is the thing: not all dealerships won’t let you trade in a salvage car. Of course, there may be some yards that accept the salvage-titled vehicle for the money. Those yards mostly use the vehicle for dumping or selling their parts. However, this is not the case when you want to use the salvage-titled car as a payment for your next big vehicle. In order to find the best match, you will have to make a few calls for sure. If a compatible one is not available in your locality, you can consider driving a bit. You love drives, right?
- Transparency is Better
Here is one mistake that most people do: they manipulate the title to clear the Salvage title from it. This isn’t a good idea when you are planning to trade in a car with a salvage title. So, even before you make the offer, it is recommended to reveal that the vehicle is salvage. This will help you in reducing the legal consequences that may happen if you lie. It will also make sure that both you and the dealership are benefited in one way or another.
- Expect a Feasible Amount
Let’s face the truth before we begin. You will get a lower amount than you paid for the vehicle when you are trading in a salvage-titled vehicle. Since this is the case, you should have a reasonable expectation in minds. Don’t expect the dealership to cut down a huge amount from the total payment you would need for buying the new car. So, it’s better if you can do some research and find the price trend of salvage vehicle before it is time to hit the dealership. Also, the price varies according to the dealer. Be ready for that too.
- Check the Law
Every state in the United States of America has a somewhat different procedure for trading in or even selling a salvage rebuilt vehicle. Some might require you to visit the DMV and deal with the formalities. What we’d say is that you should go to the DMV page with proper care. That way, you will understand almost all the difficulties that may be lying ahead in the selling process. Also, you will have to talk to the dealership in regard to the ownership aspects.
The tips will surely help you in the process.
Last but not least, you can consider other options for selling the vehicle too. If the salvage-rebuilt one is running smoothly, you still have an option to sell it privately. This way, you have a chance of getting some more money, especially if you can convince the buyer. But, here, too, you should not conceal the salvaged nature of the vehicle.
Also Read Can I insure a car with a salvage title?