What are Salvage Vehicles?
The term ‘salvage vehicle’ is given to a vehicle which has been damaged and the cost to repair the damage exceeds or is significant in relation to the pre accident value of the vehicle. Often, an insurance company will decide to write off a damaged vehicle if it considers it uneconomical for it to pay for it to be repaired.
Salvage vehicles are placed into 4 different ‘salvage categories’ which are determined by how badly damaged the vehicle is.
Category A – Scrap only (i.e. vehicles with few or no economically salvageable parts and which are of value only for scrap metal. E.g. Total burnouts
Category B – Vehicles which may be broken for spare parts if economically viable (excluding any residual scrap value)
Category C –Repairable total loss vehicles where repair costs including VAT exceed the vehicles pre-accident value (PAV)
Category D – Repairable total loss vehicles where repair costs including VAT do not exceed the vehicle’s pre-accident value (PAV)
Category A and B vehicles should not be returned to the road.
What are the benefits to motor traders of buying salvage vehicles?
Fraction of the cost
The main benefit to motor traders of purchasing salvage vehicles would be the reduced price. As the vehicle has been involved in an accident and requires repair, salvage vehicles are often sold at fraction of the price of the same vehicle new/used.
Perfect With the Right Skills
Own an MOT Garage or Bodyshop? If you repair vehicles as part of your trade, purchasing a salvage vehicle and repairing it to a high standard could introduce a new revenue stream to your business, if you sell the vehicle on.
So again, whether you’re already a vehicle dismantler buying salvage or an MOT garage thinking about buying salvage categorised vehicles, take a look at our huge range of vehicles.
