Things To Consider Before Buying A Salvaged Jeep Jeep is America’s most secure and dependable SUV. It has long been regarded as a tough off-road vehicle suitable for use in both urban areas and rugged terrain. While its features are top-class, its price tag may not be right for your current budget. A salvaged Jeep may be the best choice if you are shopping on a budget. There are many online car auction sites with listings for salvaged Jeeps. In this blog, we discuss a few things to consider before buying a salvaged jeep.
The Nature of Your Requirement Before you surf online car auction sites, make sure to first define your requirements. It is important to know the exact nature of your requirements so that you can be focused during bidding. Check out the different model years for salvage Jeeps available for sale and make a shortlist of your favorites. Some of the available model years include: 2000, 2001, 2003, 2005, 2006, 2007, 2008, 2010, 2013, 2014, 2017, 2018, 2019, and 2020. You can also choose between different Jeep models including: Cherokee, Grand Cherokee, Compass, Patriot, Liberty, Wrangler, Renegade, and Gladiator.
Level of Damage When choosing a salvage Jeep for sale, it is important to assess the level of damage. Information on the damage associated with the different salvage Jeeps for sale is usually provided with the listing and you can also run a VIN check to know the vehicle history. It is also possible to enlist the services of a third party service provider that can conduct a physical inspection of the options on your shortlist. Knowing the level of damage will give you a rough idea of how much you'll be spending on repairs.
Price and Restoration Costs Calculate the price and restoration costs to know whether or not the vehicle falls within your budget. A rule of thumb when looking to establish whether you are getting a good deal is that a fully restored salvage car is worth around 60% of a car of the same make, model, and year with a clean title. Deduct the estimated cost of repairs from the 0.6-times-the-book value when buying a salvage Jeep for sale.
Conclusion Jeep is one of the few cars to have the least level of depreciation. It has been estimated that Jeep loses only about 30% of its value in five years of use. In the used car market, demand for the Jeep brand outnumbers supply, resulting in high resale values. It explains why salvaged Jeeps get sold out within days of online listing. If you are planning on buying a salvaged Jeep for sale, remember to always consider all the costs involved in bringing it back on the road. It always helps to go with leading online car auction sites.