The Ford F-150 Raptor is a trophy pickup truck due to its extra-wide fender, high-ground clearance, long-travel suspension, and powerful tires. These features have earned the Raptor a great reputation, making it one of the most sought-after pickup trucks by vehicle collectors.
However, this hot seller comes with almost a year-long waiting list and a price tag of over $100,000. These factors make it almost impossible to buy one. Unless you have a bottomless bank account and the patience of a saint, it is better to consider Ford Raptor with salvage or R titles. A salvage title means that the Raptor has previously been in a severe accident and declared a total loss. Meanwhile, the rebuilt (R) title indicates the damages have been repaired, and it is legally safe to drive the Raptor to your adventures.
When it comes to buying a salvage title car, it’s perfectly standard to experience some doubts. Your purchase can either end up as a nicely struck bargain or a hard-to-carry burden. Keep reading to settle your internal debate of “to buy or not to buy.”
Pros of Buying a Ford Raptor with a Salvage Title
First, let’s look at the pros of investing in a salvage title Ford Raptor:
Save a Lot of Money
If you are planning to buy the Ford Raptor, its extremely high cost is enough to stop you in your tracks. Since salvage title cars are sold at 20 to 40 percent less than market value, you may be able to squeeze this purchase into your budget. As a result, you can proudly step into the Ford Raptor owners club without making a huge dent in your bank account.
Even though you have to make repairs and convert the salvage title vehicle into a rebuilt title, you still end up paying less than the steep amount of the brand-new one.
No Waiting Line
The minimum waiting line for purchasing the Ford Raptor is 11 months. If you don’t want to wait this long period of time, you can buy a salvage title Raptor and repair it to restore it to its glory. Even going through all of this effort is sure to take less time than being stuck on the waiting list.
Profits from Vehicle Parts
If the salvage title Raptor truck has extreme damages, and it would cost more than the truck’s market value to repair it, you should still buy it. You can dismantle the vehicle and sell the parts separately to earn a profit.
Due to the high price tag of the truck, Raptor’s parts are also sold at an expensive rate on the market. So, even if the truck is beyond irreparable condition, you can still turn it into an investment.
Cons of Buying a Ford Raptor with a Salvage Title
Now, let’s look at the cons of purchasing a salvage title Ford Raptor.
High Repair Cost
You may only find listings of highly damaged Raptor trucks that cost almost as much as the new ones. As a result, you can end up paying more than the original price after making the necessary repairs. However, to avoid this, check the vehicle history report before buying the truck.
The report will help you assess the damages beforehand, and you can consult with a professional mechanic to learn the overall repair costs. If you have bought the truck without making a repair estimate, you can dismantle it and sell the parts to make your purchase profitable.
Fraud Risk
Buying the Raptor truck from a private auto seller can place you at risk for fraud, as some sellers hide the total amount of damage to get a high price. You can protect yourself by purchasing Raptor from a dependable platform like A Better Bid auto auction. ABB is an official Copart-registered broker that provides vehicle history reports to its Pro and Premium members.
You can request a report to learn the vehicle’s title, accident history, recalls, past repairs, and odometer readings. With ABB, you can protect yourself from falling victim to unreliable auto sellers.
Low Resale Value
The more owners a vehicle has, the lesser its market value is. Apart from this, salvage cars already have low market value. So, if you sell it later on to another buyer, you have a high chance of receiving an even lesser resale value.
However, this is not only limited to salvage title cars. In fact, even if you purchase a brand-new Raptor, its value will be different at the time of sale compared to the purchase price.
Get a Ford Raptor from A Better Bid to Get the Best Deals
A Better Bid is an online auction that offers more than 300,000 makes and models at wholesale rates. This dependable Copart-registered auction platform provides the necessary details (title, odometer reading, and damage details) in the listing to ensure you make the best buying decision. You can bid according to your budget and buy from the comfort of your home. The auction is also open to the public, which means you do not need a dealer’s license to place a bid.
Wrapping Up
Ford Raptor is a luxurious and top-of-the-class pickup truck. Its amazing features make it one of the most coveted trucks by vehicle collectors. However, its price and long waiting list make it difficult to purchase it. Therefore, buying a Raptor with a salvage title is ideal. You can get it repaired, apply for a rebuilt title, and get ready to cruise around in style!
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