How to pick best salvage cars? 3 things you must know to start flipping salvage cars and make money!

Salvage

cars

are the same, some

make

s and models are actually harder to buy even with the

salvage

title because so many people want them, so remember that when you buy

salvage

cars

at auctions you are basically competing with everyone. We are competing with exporters. These are the people who actually buy this cast and ship it overseas, fix it there and sell it, and they have an advantage because overseas they don't

know

what a salvage title is. I mean some people. I

know

it now, but it doesn't mean as much as you know it here. People there are used to fixing

things

, even if the car wasn't an accident, they don't care as much as here in the United States and, besides, another thing is that the Labor is much cheaper abroad, so these people can afford to do it.

Pay more than you can because the labor that will cost you, say, in the United States five thousand dollars abroad, will cost you a thousand dollars to do the same job, so now they have a $4,000 advantage over you in purchasing a car, so again. In my experience, because I have been buying and selling salvage cars for a long time, the worst, they are the worst salvage cars to buy. Bye, and I'm not saying that the worst cars are simply the worst salvage cars to buy. buy your Toyota Lexus some models of Mercedes some models to sing at Lexus, right, everyone knows everyone else, they're great cars, everyone knows they're reliable, they're cool and a lot of people want them, you know, so what happens is that these guys are up for salvage auction. they sell for crazy amounts of

money

, let's say, let's say if you're building on the Lexus, that costs like 40 $40,000 retail, well, it could cost, I would say, 20 25 to $28,000 at the salvage auction, even if it has minor damage.

Well at the end of the day if you count the cost of parts because actually Toyota parts are very expensive which is a funny part especially the body parts that you order from Lexus parts are not cheap so yeah You say, let me write it. below, like buying a $40,000 Alexis $40,000, so let's say it's a retail price with a clean title, you pay twenty-eight thousand for a salvage one at auction, which is like seventy percent, you know the value of Haunted and that's how much they cost Cars are bought because a lot of people are looking to buy them for export and this is what happens: they pay incredible amounts of

money

, so before you even pass, after taking into account repairs, it will cost you thirty-five thousand dollars, so technically now you're still saving five five thousand dollars, but now you have a car with a salvage title and it's going to be very difficult for you to sell it.

It's better in the United States or abroad, it's not a problem, you know, because they already know. Over there five thousand dollars is like a lot of money and some people could go through all the headaches and everything to save five thousand five, but in the United States, if someone sees the same car on the market, they would clear the title for 40 thousand dollars and then the rescue. for the 35, 99.9% of the time they will buy the clean title 1 so it doesn't

make

any sense, so again you are at Lexus with a lot of cash to buy something salvaged, sometimes you get lucky, sometimes you already know it. get a decent deal as now we have a 2018 Toyota Highlander that was in the flood but again they are there they are never cheap so you should expect to pay a lot and it is very high competition for Mercedes from bigger brands like Mercedes it is probably I don't know why, but for some reason, especially like the C class, like the later models like 2015 16 17, people just pay crazy amounts of money for this car.

I don't know why and in fact it is true for most Mercedes models. ml GL, you know all those cars again, a lot of people are looking to export them, the parts are very expensive, the labor is very expensive, so it's really very, very difficult to get a good deal on these cars, so now Let's see the

best

salvage cars. to buy junk and the

best

cars to buy, so I would say the best cars are most American cars. American cars are some of the best deals because you can usually get really good prices, there's not as much competition again, it depends obviously. on a particular car, but in general, newer, correct American cars are actually pretty good cars, so you have a great opportunity to buy it as a newer car with low miles and get a very, very good deal again .

There are some exceptions to this like say Jeep Grand Cherokee for some reason like the newer model looks like 2015 16 17 18. You know the body style still stands out for crazy amounts of money at auction. I do not know why. I guess people love this guy as much as you do. We know everyone wants these cars, so obviously there are exceptions, but there is a generality: this is the case and you also know that luxury cars like BMW Audi we buy them all the time, in fact, and again, some models of BMWs are hard to buy. Getting like BMW seriously, let's say or some special cars that people want, it's hotter, you know, and in my experience, Audis are actually pretty, very good cars to buy repossessed because I don't know, maybe people are just afraid of them, They think the parts are expensive. labor and it's the case, you absolutely know that it actually costs more to repair an Audi than a Ford Fusion or a Ford Focus, but one point minus ten, let's say you know this because these guys are luxury cars, so obviously They cost more money on the market, so the good thing about luxury cars is that you have a lot more opportunities to save money or make money because you can buy, let's say, six thousand and sixty thousand dollars from Aldi for let's say thirty grand, so Now you're talking about thirty thousand. dollar savings which is a lot of money and you still get to enjoy a night of a really nice premium car so these cars are really good and again how do you like it?

The best thing to do is if you are interested in a particular model, let's say. So you're thinking about buying junk and you see, you know, find some cars and see for yourself, look at the auctions and see how much this car sells for, you get an idea and you'll see the trend. like how much people pay, you know and you will see if a particular car is in high demand or if it is worth buying salvage or not, and if you are not sure, you can ask me and I will let you know that Hondas really are. no it's not bad, coincidentally I buy a lot of Honda Civics and Accords and the fitment and

things

like that for some reason are a lot better than Toyota and isn't that another really important point to mention while I think about it you always know it's always a It's a good idea to buy cars that aren't that common, say if you buy a Nissan Altima, right?

Salvage, there are a lot of Nissan Altimas available, a lot of them, like every dealer has 50 Nissan Altimas for sale, so now you're competing with everyone else when they try to sell them, so even though it's a popular car and people don't like it like them, you have to think from a resale point of view, whether your ad will stand out when you try to sell it and don't forget that you have a ransom. the title is correct, so when you buy it as a really common car, like many of them, make sure you get a really good deal because that's the only thing that will set you apart from everyone else: you'll sell it cheaper than everyone else. like less miles than anyone else, so you should have some kind of advantage, let's say really good miles or really good options, let's say leather or navigation system or something, so you know, keep that in mind when buying cars, so number one.

We covered number two is mileage, so again we already talked about that, but the point is to try to get cars with as few miles as possible. You know it's very, very, very key because not only are they more desirable when you try to sell them, but they will also have fewer problems overall than high mileage cars, so when you walk in like you know there are hundred thousand mile cars out there, you More than likely there are exceptions to everything, obviously you understand that some 100,000 mile cars might have done it. be in better condition than forty thousand dollar cars, depending on how the person maintains them, but as a general rule, the fewer miles the better, so we try to stay under fifty fifty thousand miles, if possible, of course, obviously, sometimes we get cars with 60,000 or 70,000. but since this is a sweet spot below 50,000 miles it is always a good idea and the third but very important part of choosing the best salvage cars to buy is the damage so I always talk about this but only I wanted to reiterate again, always try. buy cars with as little damage as possible, so even if you have to pay a little more, a little more, but you get the car with very little damage, that's always a good idea because what happens is people always underestimate and underestimate . the cost repair costs always underestimate how much parts cost how much labor is going to cost and what on the surface seems like a great deal let's say you bought it really really cheap is actually going to turn into a nightmare, you know, like that As long as you stick to that 50% rule that we were talking about before, let's say as long as the car after all the expenses and repairs and everything costs you like 50% of the market value or around that range, then you're fine. .

I know that if you had the option of buying a car that will cost you, say, 50% of the retail price with little to no damage, or the car that will cost you 30% but has a lot of damage, I would always go. with 50% because like I said, time and money are time and money on repairs is very, very important and people underestimate it, so yes, try to get as little damage as possible. Theft recovered cars are very good to

start

with some flat cars, if you know what. what you are doing is if you inspect the car and you know what to look for to find really good cars, sometimes you can find cars with hail damage, let's say the car had some hail damage, some dents on the body, then you can easily estimate how much things are going to cost or have some cosmetic damage, as you know you can see exactly what needs to be replaced, try to stay away from cars with broken airbags, it is very important because airbags cost a lot of money and you know that you also have to replace them. replace the module, the airbag module, usually they have to replace the seat belts and it's a lot of work and a lot of money, which people don't know, they don't think about buying these cars, that's it guys, so When buying When buying salvage cars, the most important thing to look out for is the year of manufacture of the model, so try to stick with two to five year old cars with the lowest mileage possible, obviously try to stay away from Euros.

Alexis, you know, I'm NOT saying they're bad. cars but they are very hard to salvage and you can usually get better deals elsewhere and don't forget about the damage you get, the cars have the least possible damage with the least amount of damage possible, very good guys hope you enjoyed the video, please don't do it. Don't forget to subscribe to the channel to motivate me to make more videos like this and like I said let me know in the comments if you have any other questions about Salvage cars about buying and selling cars or anything in general I will be happy to answer them I will see you in the next video thank you to see goodbye