Things to Consider When Buying a Salvaged Corvette

An affordable deal on a salvaged Corvette is a temptation that is hard to resist. The individual, however, needs to understand that the muscle car comes with its own risks and hazards. Before you give up  on your plan to buy a salvage car, there are certain essential factors that you need to consider. A little bit of research may help you get a profitable deal when you buy a salvaged Corvette from an online car auction.

Let’s take an example. You come across an advertised Corvette for sale on an online auction site and the first look is promising. A black coupe that has covered only 35k miles comes with LS2 engine, plush leather seats and a stock infotainment system. The glossy parts have still not lost their shine but the front fender is missing and there are scratches and signs of tear on the fiberglass. The seller is asking for $14,000 for the machine which is a lot less than the Kelley Blue Book Value. The question that comes to your mind is whether it is worth the risk that you are willing to take. Before you place your bid, there are certain aspects that you need to consider to ensure that you get a profitable deal. Here are certain essential points that need to be considered when buying a salvaged Corvette or any other car. 

Type of Salvage

It is important to find out whether the wrecked Corvette was damaged in an accident, stolen or affected by flood. Once you know the type of damage the car suffered, it gets easier to decide whether to invest in it or not and also to prepare yourself for certain risks and additional expenses that you need to incur (especially if the vehicle is flood affected).

Vehicle Record

Find out the Vehicle Identification Number (VIN) of the car to get its history on Carfax. The report provides information about the odometer reading, title history and the number of times the vehicle met with an accident in the past. You may also use National Motor Vehicle Title Information System to get the nationwide database of the vehicles.

Value Estimation

It is necessary to find out whether the wrecked car is priced low enough so that you don't end up spending more than the actual cost of a used Corvette once the repair work is over. If the online auction site allows a physical inspection of the vehicle, take a trusted mechanic to estimate the repair.

A salvaged Corvette might turn out to be your best or the worst purchase decision depending on how good you are at vehicle estimation. There are several websites that let you bid online for cars but it is important to choose only a reliable medium of purchase a salvage car to get the value for money.