How to Buy a Hail Damaged Truck
New trucks and used trucks on dealerships lots are often damaged by hail. This allows you to purchase a new or nearly new truck at a fraction of the price. However, some repairs may be necessary before the truck is drivable, such as replacing a broken windshield.
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Finding a Truck
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Dealers often have sales after a hail storm occurs. For instance, Ford, Dodge and Toyota dealerships in your area may provide discounts on trucks damaged by hail. However, if a hail storm does not occur, locating a hail damaged truck is possible online by visiting an auction site, such as Ridesafely.com or ebay.com.
History
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Checking the truck's history is possible with the vehicle identification number (VIN), along with the make and model. Online websites, like Carfax and AutoCheck, allow you to enter the truck's information and purchase a history report. The report shows accidents, owner's information and theft incidents for the truck.
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Financing
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Since the truck has damage, the loan value is much lower. Therefore, financing a hail damaged truck may be more difficult. Allowing the lender to assess the damage allows her to determine the amount you can borrow. Also, if a dealer has the truck for sale, he generally assists with financing.
Insurance
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Auto insurance companies generally will not provide comprehensive coverage on a hail damaged truck until the damage is repaired. Comprehensive coverage pays for damage caused by wind, hail, storms and other natural causes. Therefore, check with your insurance company before purchasing the truck.
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