4 Reasons Why Buying Totaled Cars At Auto Auctions Makes Sense

Totaled vehicles can be purchased, repaired, and given a rebuilt title once they are made roadworthy. There are many online auto auctions that feature an extensive inventory of totaled cars for sale. Buying such totaled or wrecked cars for sale can help you bring home a car of your choice for an incredibly low price. Continuing on the subject, in this blog post, we share four compelling reasons to consider buying totaled cars at online auto auctions. Read on.  

1. Unmatched value

Generally speaking, new cars depreciate about 30 percent in value during the initial year of ownership. You can simply choose to avoid that first year hit by purchasing a wrecked car for a throwaway price and restoring it. What’s more, in cases where your budget may afford an entry-level model, going the route of buying totaled cars for sale can help you buy a top-of-the-line car. If you are looking to buy your dream car without having to drill a hole in your pocket, online auctions offering totaled and wrecked cars for sale is a solid option offering unmatched value.  

2. Wide selection

Another reason why buying totaled cars at auto auctions makes sense is the wide selection they offer. In general, around 350 models are presented for sale on the new-car market in the US; but this number doubles when it comes to the totaled car market. Auto auctions offering wrecked cars for sale give buyers with different requirements an easy way to access a wide range of vehicles. You can find a wide range of makes and body styles, starting from retro hatchbacks and classic cars to SUVs and pickup trucks.       

3. Minimum depreciation

One of the main reasons why buying totaled cars at auto auctions makes sense is the minimum depreciation that comes with these cars. While new cars lose as much as 30 percent of their purchase value within the first year of ownership, buying a used or totaled car can help you avoid the depreciation loss that follows any newly purchased car. 

4. Cheaper registration fees

Although this does not apply to every state in the USA, some states charge to register a vehicle based on the transaction price and age. A used car comes with a lower purchasing value than a brand new car and is charged a cheaper registration fee in the states that go by the aforementioned system. Buying totaled cars in states such as Massachusetts, for instance, can be a wise thing to do as the excise tax levied by the state goes down due to the low cost of the totaled or wrecked car.   

Lastly

The above-listed are some of the reasons why buying totaled cars at auto auctions makes sense. All you need to do is to find a reputable auto auction platform that offers wrecked cars for sale and register to start browsing their huge inventory. It is best advised to register with an auto auction platform that offers easy registration, shipping solutions, and also provides comprehensive vehicle information including HD pictures.