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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.
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∙ 16y ago
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How much does a salvage title take off a cars value?
50% from non salvage title
Does a car with salvage title qualify for CARS?
The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
Do Jamaica accept salvage title cars?
no they don't !
Does farmers insure salvage title cars in California?
Yes.
Can a salvage title be converted to regular?
Nope, not legally. A salvage title is issued to protect future consumers since salvage cars can be rebuilt and sold as clean titled used cars (an unethical no no!) even though they are worth 40% less!
If you buy a salvage vehicle with no title and repair it how do you get a title?
When you bought the salvage, the junk yard should've given you a 'salvage' title. You don't buy cars without getting a title. Talk to your state DMV and hopefully it's not stolen! Good luck.
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
Can a New Mexico Salvage title vehicle be registered in Texas?
Yes it can, we buy cars from Florida to California that are salvage and sell them in Texas all the time.
Can cars with certificate of destruction be registered again or exported?
Yes they can as long as the vehichle has a "salvage title" or certificate of reconstruction, or reconstruct title.
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 a salvage title mean at resale time?
It means the car was wrecked, or flooded, so badly that it was sold for salvage. The cost of repair was 80% of the value of the car. The car was then bought by someone and repaired. Thus the salvage title. Run from this vehicle as fast as you can. == At resale time a salvage/reconstructed vehicle will net 60% of the value of a comparable car with a clean title. Cars are totaled when repairs top 75% of its real market value. An older salvage car can be a fine purchase since they are worth less and it doesn't take much to total them (even a little side swipe will total an otherwise fine car and it will drive fine). Avoid flood damaged cars as they can have a lifetime of quirky electrical problems. Don't believe the scaredy cats that say RUN from a salvage car--if the salvage/reconstructed car is in good condition and passes a pre-purchase inspection it can be a great deal.
Can you get full coverage on a vehicle in New York State if you have a salvage title?
Probably. Call Geico and see. I have gotten insurance on salvage cars I've owned.
