Thursday, September 22, 2011

If a car has a salvaged title...?

If a car has a salvaged title...?

how would that effect DMV, my insurance or purchase?



What does it mean to have a salvage title? Can that title be removed or changed to have a clean title? How?If a car has a salvaged title...?
A salvaged title means the insurance company decided it was too greatly damaged to repair. Then someone bought it for a few bucks and repaired it on the cheap. The car could be OK or it could be mechanically unsafe or it could have been a flood survivor from somewhere like New Orleans and will have rust, mold and electrical problems somewhere down the road. Some, nay MOST insurance companies will not provide full coverage as they consider the car unworthy of repairing if damaged again. Some won't even cover it for liability. Clean the title? NO! Personally I wouldn't touch one with a ten foot pole. If you paid more than about 40% of what the book price of a clean titled car of the same model went for you got the shaft.If a car has a salvaged title...?
I had a 98 tacoma that was a salvaged truck....No you cannot change it into a non salvaged vehicle..This is to protect used car buyers....You would not want to pay full price for a car that was totaled at one time...I got rear ended and totaled the truck again....I still got 10,000.00 for the truck...If it was not totaled I would of gotten about 13,000.00If a car has a salvaged title...?
Salvaged means it cant be registered and driven on the road. Previous salvage means the car has been somewhat repaired, inspected only to see that it has all its doors and a hood and stuff and then you CAN get a title and tag for it.



A previous salvage, rebuilt car is worth no more than about 60% of what it otherwise would be.



If you total it, that's all your insurance company will give you.



Only licensed rebuilders can have a salvage car inspected and turned into a registerable, legally drivable car. They pay a fee for the inspection and then wait for the title.



An individual may be able to buy a salvage car and repair it but they wont be able to get a tag for it until a licensed rebuilder has it inspected and they wont do it for free.



You can drive it all you want around your yard. Just not on the roads until you do.