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How much does an auto salvage title depreciate a car?

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2012-05-13 02:10:59
2012-05-13 02:10:59

a lot

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It's not legal, ethical, or possible. A salvage title is a permanent brand. DON'T DO IT!!

A salvage title car will bring far less that one without a salvage title. Deduct about 20% from the retail value.

A salvage title will reduce the value of an automobile by about 50 percent. However, in some cases, it will reduce the value by 80 percent.

Once a salvage always a salvage or totaled/reconstructed; you cannot legally get a clear title the brand will remain. A reconstructed and roadworthy salvage car is worth 60% of the value of a comparable clean titled car. If it's still salvage maybe 25% of the value of a comparable clean titled car.

It worth appx 60% of the value of a comparable clean titled car so if it is worth $5000 with a clean title it's worth roughly $3000 with a salvage title.

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.

Respective of the Vehicles title condition, You are entitled to fair market Value. Basically this means you are entitled to the amount it would cost you to purchase the same or similar type and condition vehicle. when you say has a clean title but had a prior salvage title, i am assuming you mean that the vehicle was repaired and inspected by your state and deemed no longer a salvage title? if that is the case then there would be no additionaldeduction for the 'branded' or salvage title which can lower a vehicles actual cash value anywhere from 25-50% whether repaired or not.........more details and perhaps i could be of more assistance......

Automotix is a good auto salvage yard in Seattle. They provide used car parts, car repairs, body shop, etc. They have car parts such as air bags, engines, transmissions, lights, and much more.

depends on the car, but most depreciate about 30% in the first year.

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.

Assuming it's been repaired to roadworthiness, roughly 60% of the value of a comparable 99 caddy with a clean title.

Call some nearby auto salvage yards. The prices will vary, due to mileage.

$500.00 to $800.00 Try finding one at a auto salvage yard.

Go to a large modern auto salvage yard and ask the operator; he should be able to give you a comprehensive answer.

On every auto application, there is a question will ask: "Does the vehicle have a salvaged or branded title?" If this is the case, you will not be able to put full coverage, (comprehensive and collision coverage) on the vehicle. Sometime you can get special exceptions from your insurance carrier to get the full coverage put on if all damage was repaired. It is much harder to get full coverage on a salvaged title vehicle.

Depends on which Ford you are asking about.

If you purchase a car with a rebuilt title or a salvage title you need to understand you are purchasing something that should have been scrape metal. They are worth but a fraction of what the same car with a clean title is worth. Save yourself the problems and walk away.

"If you are looking to buy used Isuzu parts, I would start by looking in your local yellow pages for ""salvage parts"" or ""used auto parts"". The internet is also a good tool, by searching salvage parts you will get a much broader list of salvage yards with may have your part."

The best thing to do when buying a used car is to run a Carfax or, if the car is titled to the state you live in call the DMV with the VIN or title number. There are ways to hide a salvage title from state to state so do the legwork! If you still like the car and are pretty sure it has a salvage title it may still be an ok car, especially if it's older since it doesn't take much more than cosmetic damage to total an older car. Just have a good pre-purchase inspection and don't pay more than 60% of the value of a comparable car with a clean title.

A salvage title can lower a vehicles value by 50% of KBB. Part of the mystery of buying a used car is uncovering the auto's "story". A car that is accident free, theft free, and has a low number of owners is worth more than the opposite. Vandals, thieves, and the 10th owner tend to care less about the vehicle than the person who proudly picked it up new from the dealer. Make no mistake, a salvage title is issued by an insurance company because of money. It either costs less to replace it rather than repair, or it can't be fixed economically enough to justify it. Other situations include theft. If a car is recovered after the insurance policy has paid the owner the title can be branded as salvage. The insurance company then retains ownership of the vehicle and it is often auctioned. So then why does a salvage title lower value so much? Because you, the uninformed consumer can't tell why it was branded salvage. You can be told anything, but the title only says salvage. Its up to you to decide its value. As with anything buy with caution and know that it will also change your resale value. Also, check with your insurance agent because the second total loss could be yours.

If it has no damage, it doesn't need to be fixed, and the "repairs" should cost you nothing.

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.

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.


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