Our goal at Broadmoor Motors has always been to help people find a great vehicle at a fair price but with today’s rising costs of vehicles, we began to wonder… is there another way to help our customers get even more for their hard-earned dollars when purchasing a pre-owned vehicle? This question led to a discovery about the hidden value of vehicles that were previously stolen and then recovered but given a salvage title.
Now, we know what you’re thinking… salvage title has to mean the vehicle received irreparable damage and should not be considered as a purchase. But the shocking truth is that many stolen and recovered salvage title vehicles have little to no reported damage at all!! Not even an accident report. That fact combined with a focus on a pressure-free environment at Broadmoor Motors and doing what’s right for our customers allows us to provide a great vehicle at a terrific deal with stolen and recovered salvage-titled vehicles.
So why do stolen and recovered vehicles even receive a salvage title if they weren’t involved in an accident or damaged in any way?
Well, that depends on each state’s requirements for retitling it as stolen and recovered clean title or as a stolen and recovered salvaged title. Additionally, it can depend greatly on the time it took to recover it, which for many insurance companies a vehicle becomes salvaged immediately after it is reported as missing while others have a set recovery time before it becomes salvage. Essentially, a stolen and recovered vehicle could have little to no damage and still, the insurance company is required to give it a Stolen and Recovered title depending on the state the incident happened.
And therein lies the hidden potential for buyers to receive these surprising common benefits to buying a stolen & recovered salvaged title at Broadmoor Motors…
You Can Save Thousands Over A Clean Title Vehicle
Stolen & Recovered Salvage Title Vehicles often have lower miles and have had NO Damage done to them and yet you can save THOUSANDS on their purchase price at BMG!! This is due to the perceived reduction in value while there truly is none and this perception of salvage titled vehicle allows for us to offer a discount on average between $2000-$7000!
You Can Get A Newer Vehicle With More Options
More often than not, stolen and recovered vehicles are newer vehicles that come with a bevy of great options at Broadmoor Motors! We pass on older stolen and recovered salvaged titled vehicles with more damage to offer our customers simply the newer vehicles with little to no damage filled with great options we know are popular.
Depreciate Slower Than Clean Title Vehicles
Stolen and recovered vehicles depreciate at a slower rate than traditional vehicles because their value has already dropped at their initial salvaging. For example, the clean title vehicle someone purchased for $32,000 would be expected to depreciate $7,000 in a year while the stolen and recovered salvage title vehicle you bought for $25,000 and already saved $7,000 on the purchase price would have only lost $5,000 of its value! Meaning, when you’re ready to sell it, it will have retained more of its value than a clean title AND you would have saved yourself $9,000 over the clean title in the first year.
All Vehicles Can Be Financed And Insured
Often times there is a misconception that stolen and recovered salvage titled vehicles cannot be insured or financed but that’s simply not the case! It is possible to secure financing on these vehicles as well as insuring them while they are on the road after purchase.
95% of the vehicles that Broadmoor Motors offers that are stolen and recovered have never seen a harsh Michigan winter and therefore have been spared the harsh treatment from salt on the roads which can corrode paint and parts.
Buy Back Program At Broadmoor Motors
Even if you decide not to drive the stolen and recovered salvaged titled vehicle until the wheels fall off, you still have options at Broadmoor Motors. While most dealerships and private party buyers will only offer you half of the worth, BMG is happy to take your stolen and recovered vehicle back in trade when you’re ready to move on.
So are there things you need to watch out for if you’re considering buying a salvage title vehicle?
Yes! Read more on our website…
If you find yourself searching for your next used SUV, minvan, truck or car to fit your needs and your budget, we invite you to check out all of our theft recovered inventory or all of our current inventory of Used Trucks, Vans, SUVs and Cars. At Broadmoor Motors, we specialize in finding the right used minivan, truck, SUV or car to fit your personal or business needs, all while giving you the best deal we can on both your purchase and trade in. Our family has been in the car business for over 60 years and continues to be family owned and operated in all of our Caledonia, Hastings and Wayland locations with financing available to those who qualify. We will find you the right vehicle to fit both your budget and your needs in a pressure-free environment.
Check out our reviews online and buy with confidence!! Family Owned & Operated and with Financing Available, we stand behind our Vehicles and our Warranty so you can be assured your used Car, Truck, Van or SUV will be reliable! Broadmoor Motors is your local choice for Car Sales in the greater Hastings, Middleville, Caledonia, Grand Rapids, Wayland, Byron Center, Dorr, Hopkins, Kalamazoo, Battle Creek, Lansing, Lake Odesa, Kentwood, Holland, Zeeland, Moline, Cutlerville, Wyoming, Hudsonville, Grandville, Jenison, Hamilton, Ionia and Allegan. Ask about our BMG Protection Plan, this is not an aftermarket product! area. Let Broadmoor Motors save you time and money when buying your next quality, Pre-Owned Car, Family Minivan, All Wheel Drive SUV, Commercial Van or Work Truck. Whether you need to replace your current car, minivan, truck or SUV with a great used vehicle, we can help you out. Broadmoor Motors is here for all your Car Sales, and Auto Service needs in the Byron Center, Kentwood, Caledonia, Middleville, Hastings, greater Grand Rapids, Wayland and Barry County area. With three locations to serve you in Wayland, Hastings and Caledonia, we’re here for all your Sales & Service needs. Give us a call at 616.698.9595 in Caledonia, 269.397.2400 in Wayland or 269.320.6304 in Hastings to see how we can get you back on the road!