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The salvage title is used to title a vehicle that has been paid out by an insurance company. This may be because professional repairs exceed 75% of the value of the car or may be because the car was stolen and not returned within the time required by law such that the insurance company must pay out the total value. Depending on the age of the car a salvaged car may have had no damage, very minor cosmetic damage, or major damage. A vehicle that is considered not repairable is instead titled as "junked".
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Is it safe to purchase scrap from salvaged cars?
It is very difficult to by a salvaged cars. In some cases the vehicle is in good enough shape that with some repair it can be road worthy again so it is sold with a salvage title. When the vehicle is inspected and once again registered a normal title will be issued.
Buy salvaged cars?
does a seller have to tell you a car has been salvaged?
What companies will insure salvaged title cars?
Many companies will but the policies vary from state to state even with the same insurance company.
Salvaged title finance in california. Is it law in California that a car having a salvaged title can not be financed through a banking or credit union Stuck in a rut?
There is no law against financing Salvaged Titles. It is just that most banks and credit unioins chose not to finance these vehicles. The problem is that there can be liability if the vehicle is for whatever reason unsafe, and you sometimes do not know why a vehicle was salvaged. It could be because of frame damage or other serious damage, or it could be for water damage (i.e., Katrina), or it could be that it was just stripped by a theif, and has been rebuilt and is perfectly good, but since it was totaled by the insurance company, it is "salvaged". Some lenders will lend against a salvaged title. But they will take off 40% of the value of the vehicle due to salvaged title. So if the vehicle is worth $10,000 as a regular title, a salvaged vehicle will be worth about $6,000. I believe SafeCo might be a source for insurance. Car Cash Loans in Los Angeles (www.CarCashAuto.com) will lend against salvaged titles, according to their representatives.
Can cosmetic damage be a salvaged title?
Yes, any condition that caused the car to be totaled by an insurance company could cause it to have a salvaged title. A good hailstorm can do thousands of dollars of cosmetic damage resulting in a salvaged title.
How do you get a salvaged title out my name?
sell it.
Can a salvaged title car be financed?
Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
Can a salvaged title be cleared?
Nope..salvage title will stay forever
I found a truck that is marked for destruction, its a 2006 perfect condition and I need a truck for my company. How can I get this truck?
You need to get a salvaged title , talk to whatever city you are in to get a salvaged title. The State will give you a salvaged title. Soil can turn black due to excess water that causes poor drainages.
What is a salvaged title mean?
Car has been damaged and rebuilt.
How does a salvaged title compare to a clear title?
a salvaged title on the car basically means the insurance company calimed the car as a total lost. either due to a major accident or theft. clear title means the opposite, the car has no problems on its history.
My car was totaled. it already has a salvaged title. what will the insurance pay?
It depends on many aspects, however since it already has a salvaged total it will be significantly lessened than if it didn't already have a salvaged title. Your insurance company should be able to give you specifics as to why they are offering what they do.
