You may notice that a few of the cheap supercars for sale on this site are being sold with salvage titles. This is a topic that generates a lot of questions: What is a salvage title? Can I drive a car with a salvage title? Is the car totaled? Generally a salvage title indicates that a car sustained damage worth 75% or more of its pre damage state. This means a $2500 damaged car that was worth $10,000 undamaged would have to be sold as a salvage title. Generally these cars were deemed “totaled” by the insurance companies and are being sold-as-is to be fixed up. This being said, not all salvage title cars are totaled, or even have substantial damage.
Cars sold in Arizona, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, New Mexico, New York, Oklahoma, and Oregon, may simply have been stolen vehicles that were never recovered back to the owner. Other salvage titled cars may have sustained minimal water damage, or have been repossessed by various firms.
When looking to purchase a salvaged title supercar from online auctions, there are a few things that are important to do. First, get a CarFax history report. This is well worth the investment as it will detail exactly why the car has that title. Also ask the seller many questions. Send them emails, call them, or if possible visit the car in person. Inspect the pictures for visible damage and read the seller’s description for details on the incident that caused a salvage title to be administered. Buying a car with a salvage title takes a little more work, however in the end it can lead to an even better deal on a cheap supercar than one with a normal title.