Have you ever wondered about repairable cars for sale? Are they a good investment? How can I buy one? The Youtube video “Buying Salvaged Title Cars – How To Save Up?” describes how you can invest in such a vehicle and save money in the process. Let’s find out more!
A caller on the video explained that her family has been buying salvaged title cars restored by the Ukrainian community in her hometown. These vehicles are in great shape; she says they can last for a decade.
However, when you’re ready to get a different car, you don’t have equity, and she was wondering what to do about that issue. The suggestion she received was to save money throughout that decade for the next car.
To the host on the video, it’s not a surprise that the cars eventually broke down because they were already old in the first place. But an owner has to plan accordingly. You can open a savings account and start putting in it until you reach a certain goal, which is whatever you’re planning to spend on another car.
Check out the rest of the video for more details about buying these vehicles, and contact us with your financial questions so you can start being smart with your money!.