How to Buy Restorable Cars for Cash in Florida

Buying wrecked, salvaged or old vehicles in Florida and restoring them is potentially a good means of income. If you have the knowledge and skill to repair damage and restore a car, you can get a rebuilt title and sell it for profit in Florida. After repairing the car, you must submit an application for certificate of title for a rebuilt motor vehicle to the Floria Department of Highway Safety and Motor Vehicles. The state of Florida then issues a rebuilt title for the car.

Instructions

1

Call and go to local salvage and junkyards that have wrecked cars and trucks for sale, as well as older model cars. Call your local Florida Chamber of Commerce or view the telephone listings in Florida to locate salvage or junk car dealers. Examine the cars to determine if they can be restored or rebuilt.

2

Use the Internet to locate wrecked vehicles for sale in Florida. Web sites like Automotix, AutoTrader, and eRepairables list wrecked vehicles for sale, and allow you to search by state.

3

Visit auction sites online, like eBay, Insurance Auto Auctions and Salvageauto and search for wrecked cars in Florida. These sites provide listings for insurance-owned vehicles that can potentially be restored.

4

Buy local Florida newspapers. For instance, if you live in Orlando, purchase the "Orlando Sentinel." Review the wrecked or salvaged cars for sale in the Classifieds section.

5

Call or email the owner of the vehicles in Florida you are interested in purchasing for restoration. Ask about the damage, and obtain the vehicle identification number, make, model and odometer reading.

6

Obtain a vehicle history report online at Carfax, Autochex or Cardetective. Use the vehicle identification number to pull up the information, then purchase the report. This report provides you with the vehicle's history, including a list of owners and reported damage to the vehicle.

7

Pay for the car with cash or a certified check. Paying cash is the best option since most lenders in Florida will not finance a salvaged vehicle.

8

Obtain a bill of sale showing the amount you paid for the car, as well as the make, model, vehicle identification number and date of sale. You will also receive the Florida certificate of title that must be signed by the seller on the correct line.