Accident damaged cars can make for a solid investment. There are many benefits to buying a car that has previously been in an accident, and for a wide range of uses, not just for a car that will be driven. If you’re thinking of purchasing an accident damaged car, read on to find out more about the benefits of this investment.
Feeling the pinch of the recession
In this day and age, very few people are in the position to go out and buy a brand new car off the lot. In fact, this is usually not even advisable, since these cars depreciate in value by such a huge amount as soon as you drive away with them. An accident damaged car can mean a huge discount on a car that would normally cost a lot, even as a second hand vehicle. There are many cars available that are still perfectly driveable and reliable even after an accident such as a small bumper-bashing or similar. In the time of the recession, discounts on vehicles are welcome.
Just be clever about it
The massive savings on accident damaged cars is extremely attractive – you just need to be clever about what you’re buying. You can’t just lay down thousands on the first bashed up car you find just because the price is good. Do some research first. Find out what the regulations are in terms of accident damaged cars – some may not be legal to drive. However, you may just be looking for a good deal for parts. Many cars still carry some pretty decent parts. You can also buy a car that requires a bit of TLC to get into good condition again, just make sure you save more money than it will cost to get it fixed. Do the following:
- Find out the value of the make, model and mileage of the same car without the damage;
- Get a professional assessment on the damage on the car you’re interested in;
- Gather a few quotes to get an idea on the cost of fixing it up. Note that most of the time, you will end up paying more.