A used car is an excellent option if you want to save money on your next car purchase, not to mention it’s a lot cheaper than owning a brand new car. If you choose carefully, you can buy one from a FIAT dealer in Silver City, NM, in an almost brand new condition and has substantial mileage left. But did you know that you can save more money depending on the type of used car you choose to buy?
Appraisers and insurance companies classify used cars according to various factors, including age, mileage, and the amount of repair work done. The good-quality ones, which have gone through a thorough inspection, refurbishment, and authorized certification from RAM dealers in Deming, NM, are classified as certified pre-owned. On the other hand, the poor-quality ones, whose value is less than half the original, are given a branded title.
is a branded title?
branded title is a permanent label given to vehicles that have
sustained significant damage, with the value of total repair work now
worth more than their original value. This label is permanent because
it’s impossible to increase the vehicle’s current value further
from this point. Insurance companies generally consider these
vehicles totaled. Depending on the cause and severity of the damage
or wear, a car may have a more specific branded title. It can either
have a lemon, salvage, odometer rollback, hail damage, or water
the known branded titles, buyers find salvaged titles to be the most
confusing. They often mistake cars with a salvaged title for a
flooded vehicle, which makes sense since a flooded vehicle is one
that has been “salvaged” from a flood. But the biggest mistake
some buyers make is underestimating the degree of damage these
vehicles had sustained. As a result, they still consider buying used
cars with a salvaged title even if those vehicles are almost beyond
of Buying a Used Car with a Salvaged Title
put the true worth of a salvaged vehicle into perspective, let’s
concentrate on the value change from when the car was brand new to
when it was first sold as a used vehicle. That’s about a 50 percent
drop from the original value. For the same vehicle to have a salvaged
title, its value should drop by another 50 percent or more. In other
words, a used car with a salvaged title now has zero value, or even
less in some cases.
ready to encounter tons of problems with your salvaged vehicle. Some
of its wires may have already lost their insulation, increasing the
risk of short circuits that could easily cause a fire. You may also
encounter issues with the vehicle’s suspension system. Severe
damage may have caused the wheels to permanently lose alignment,
which is considered one of the major causes of road traffic
serious issue you should expect to find in a salvaged car is its
ineffective or missing crumple zone. It’s a section above the front
tires that scrunches inward during a collision to absorb the impact.
The vehicle may have lost its other safety features to deterioration,
exposing you to all sorts of dangers on the road.
When buying a used car, always remember to consider road safety before cost. The last thing you want is to use a vehicle with a 90 percent chance of breaking down or malfunctioning in the middle of a freeway, leading to accidents. Visit one of the most trusted Dodge dealers in Alamogordo, NM, to get access to certified pre-owned cars. Visit Viva CDJRF for more helpful tips.
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