IMHO and as a professional in the car business, a dealership will not offer you more than 20% of the trade-in value in the event you want to trade it for another car. However, if you are trying to sell it privately you must be open and honest about the exact nature of the repairs to justify the asking price. If the replacement parts were minor but the salvage was because the age of the car was making the cost of repair more expensive than the value when fixed,it is more likely the car will bring a higher value of 40-50% of the private party value found online.
Any reasonable and smart person will run a "Car-Fax" and that will show that the car had been in nan accident. If the car was re classified as "Salvage" the DMV will also note that on the title.There is an enormous data base of every vehicle ever produced or registered in the United States and the info is out there. Putting a value on a repaired , salvaged vehicle is difficult.
The title itself will sate that the car is a salvaged vehicle.
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.
The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
You can register with a salvage title.
You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.
A salvage title car will bring far less that one without a salvage title. Deduct about 20% from the retail value.
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
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.
Hmmm... you bought a car without getting a title? NOT a good idea. The title will state whether the car is clean or salvage or totaled/reconstructed. If you didn't get the title when you purchased the car you better make sure the car wasn't stolen. Call the state DMV with the VIN number for starters. They'll be able to give you some info on the car and the title.
Nope. Not legally anyway. The best you can do is totaled/reconstructed' if the car is roadworthy. Once issued a salvage title a car can never be issued a clean title legitimately.
No, the warranty is void on a salvage vehicle.
what happens if you buy a car unaware of salvage title? well, if it was from a dealer you have recourse. if it's from a private seller, too bad...UNLESS they sold you the car with a clean title when they knew it was salvage. did you look at the title before you bought the car? if it was clearly branded as salvage or totaled you're out of luck but if it was a clean title when it actually wasn't you can try and get a refund from the seller or sue. If you sue you will have prove the seller knew the title was salvage at the time of sale. good luck!!
In Texas you do.