Thinking of Buying a Salvaged or Rebuilt Title Wheelchair Van ?

Considering a Wheelchair Van with a "Branded Title"? Here's What You Need to Know

If you're in the market for a wheelchair van, you may encounter appealing deals on vehicles with a "Branded Title," such as Salvaged, Rebuilt, or Restructured. While these options might offer attractive prices, there are crucial reasons to carefully reconsider purchasing such a vehicle. Here's an overview of what a salvage-title wheelchair van entails, along with six compelling reasons to avoid buying one.

What is a Salvage-Titled Wheelchair Van?

A wheelchair van receives a salvage title when the cost to repair it after an accident, weather damage, or theft exceeds its assessed value. This designation alerts future buyers that an insurance company has determined the van to be a total loss. Although some salvage-title vans may have sustained damage from less severe events like hailstorms or minor fender-benders, these instances are uncommon.

Six Reasons to Avoid Purchasing a Salvage Wheelchair Van:

1. Challenges in Securing Financing: Most financial institutions are reluctant to offer auto loans for salvage-title wheelchair vans due to the increased risk associated with their reduced value. If you decide to purchase one, be prepared to pay mostly in cash.

2. Difficulty in Obtaining Insurance: Finding suitable insurance coverage for salvage-title wheelchair vans can be challenging, as only a limited number of auto insurance companies provide collision and comprehensive coverage for these vehicles.

3. Safety Concerns: Rebuilding companies may compromise on safety features, such as structural alignment and airbags, which can pose significant risks to drivers and passengers. It is estimated that one in 25 salvage cars may have counterfeit airbags.

4. No Warranty: Salvage-title vans are sold "as-is," meaning the buyer is responsible for all repairs. The extent of the damage is often not fully disclosed, leaving buyers vulnerable to unexpected and potentially costly repairs.

5. Low Resale Value: Salvage-title vans are difficult to resell. Dealerships are often unwilling to accept them as trade-ins, and private sales can be challenging due to uncertain pricing.

6. High Risk of Fraud: Sellers may understate the extent of the damage, making it difficult for buyers to understand the true condition of the vehicle. Once the purchase is made, legal recourse is limited due to the lack of warranty or guarantee.

Final Thoughts:

While the initial savings on a salvage-title wheelchair van may seem appealing, the associated risks often outweigh the benefits. Given the challenges in safety, financing, insurance, and resale, it is advisable to invest in a quality new or used wheelchair van from a reputable dealership. Remember, the vehicle you choose will likely be a significant part of your life for the next 5 to 10 years, so prioritize quality and reliability over price.