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The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
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∙ 13y ago
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What is the definition of repossession?
Repossession is when something is returned to its original owner. An example would be when a car payment is not made, and the owner of the car's title repossesses (takes back) the car.
How many people work in the car industry?
about 2 million people in the usa are directly involved in the car industry. and that's only the maufacture of cars.
Accurately describes a surplus?
consumer demand for a certain car is below the number of cars that are produced
Which measure was not taken by US car manufacturers to combat higher gasoline prices?
all the cars were now equipped with solar power
When income increases the demand for this type of good increases inferior?
An example would be the car industry. When the income of consumers increases as a whole, the demand for cheap cars goes down and the demand for more expensive cars goes up. When that happens, cheap cars are considered inferior goods.
Can you sell a salvage car with a clean title and telling the buyer its a salvage car?
Yes, just visit the Green Box Vehicle Recycling website and sell them, they deal with all types of scrap cars, metal, salvage cars, non-runner cars, and damaged cars, please their website and call them. greenboxvehiclerecycling.co.uk/scrap-vehicle-recycling
How much does a salvage title take off a cars trade in value?
Typically, salvage vehicles' value are 40% less than that of a comparable car with a clean title. This is assuming the car has been repaired/rebuilt properly and is roadworthy.
Banks that offer car loans for salvage titles?
Few, if any will give you a loan. That's why it's best to either avoid high-priced salvage cars or buy older cars that have been totaled with cash - it doesn't take much to total an older car these days and the damage could simply be cosmetic. Some Prior salvage cars are even better than clean title. Prior Salvage and Clean Title difference is only that one title shows that the car was in accident and Clean Title will never show it - even if it was in worse accident. Like some say you will have problems with Prior Salvage Title, it is NOT true though.
What does it mean 'the car is PS title'?
It means that the car was damaged, but was not reported as a salvage title. A PS Title is Pre-Salvage. It is a clean original title on a car that in most cases should have been transferred as a salvage title, but for whatever reason was not.
Why is buying a salvage title car bad?
It's not necessarily bad. I have purchased salvage cars twice with fine results. It all boils down to why it was declared a total loss by the insurance company. Older cars are easily totaled, even a minor fender bender can turn an older car into a salvage vehicle since older cars are worth less and if the damage costs more than 75% of the car's value the insurance companies total it. Now a newer car with a salvage title spells trouble since that could mean the car sustained over $15K in damages and that's major. You just need to know why the car was totaled, have it inspected by a mechanic, don't pay too much (it's worth roughly 60% of a comparable car with a clean title) and run it til it dies since they are harder to sell than clean titled cars. Still, I've purchased a Toyota and a Volvo with salvage titles and they are the best running cars I've ever owned. People always say run from salvage cars,which is a blanket statement that is often untrue and unfair. Consider this: $4000 in rear end damage on a new car = no salvage title. Same damage on an 8 year old car = salvage title. Same damage, different titles. Lesson: A clean title does not mean a clean car. At least with a salvage title the truth is up front.
Is it possible to get a tag for a salvage car?
You can register with a salvage title.
How can i get a clear title for your salvage car in California?
You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.
How much to sell a car with a salvaged title?
A salvage title car will bring far less that one without a salvage title. Deduct about 20% from the retail value.
What reasons cause a car to have a salvage title?
A salvage title can be caused by a car having been damaged in a previous wreck also if a car has been previously stolen and the owner was already given a replacement before the car was found then the stolen car may receive a salvage title
Should you buy a car with a salvage title?
No, No, No, a thousand times NO!!! You are just asking problems. I have purchased salvage cars twice with fine results. It all boils down to why it was declared a total loss by the insurance company. Older cars are easily totaled, even a minor fender bender can turn an older car into a salvage vehicle since older cars are worth less and if the damage costs more than 75% of the car's value the insurance companies total it. Now a newer car with a salvage title spells trouble since that could mean the car sustained over $15K in damages and that's major. You just need to know why the car was totaled, have it inspected by a mechanic, don't pay too much (it's worth roughly 60% of a comparable car with a clean title) and run it til it dies since they are harder to sell than clean titled cars. Still, I've purchased a Toyota and a Volvo with salvage titles and they are the best running cars I've ever owned. People always say run from salvage cars,which is a blanket statement that is often untrue and unfair. Consider this: a new car gets rear-ended and has $5000 in damage; it gets to keep it's clean title. The same damage on an eight year old car would total it. Same damage, different title. A clean title, therefore, does not mean a clean car. At least a salvage title is honest and upfront about prior damage!
You bought a used car and when you tried to trade it in they said it has a salvage title six months after you bought the car?
That means that at some point the car was wrecked so severely that the cost to repair it exceeded 75% of the value of the car. The car was therefore totaled and sold to a salvage yard. The salvage yard sold the car to someone who repaired it and sold it with the required salvage title. You should have noticed the salvage title when you bought the car.
Where can you find salvage cars for sale?
Not that easy to find a salvage car since it is rare for salvage cars to still be out on the market these days, but you could always ask your acquaintances for contacts who have salvage cars to sell.
