Go to the state Motor Vehicle office, where you would normally register a vehicle. There may be extra steps to take to get title for a salvaged vehicle. Don't buy cars without getting a title. EVER. If the car was stolen you may have to return it.
The title itself will sate that the car is a salvaged vehicle.
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.
Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.
You can ask anything you want to for it. Whether you can get it is another matter. California law requires you to tell them it is a salvaged title vehicle. If you do not tell them you have committed fraud and are subject to fines and jail time.Note: a legal salvage title will indicate that the vehicle is salvaged!
No, but I believe it IS a crime to misrepresent the title if it is a salvage,
Absolutely,a dealer can sell you a vehicle with a salvaged title. Each state has there own laws but in most states you must disclose to the consumer that the vehicle you are selling to them has SALVAGED history. The selling dealer must disclose this on the state title forms and on the BILL of SALE.If the selling dealer does not disclose this,then you have a legal rights against the dealer.
in most states, even if a salvaged vehicle has been repaired it is still a 'branded' title...and thus worth less.......in the states i work in a fully repaired salvaged title vehicle is worth anywhere from 30-50% less on a total loss, (reduces the actual cash value)........now, if salvaged vehicle say is worth 4k and damages are 1k, then they will repair the damaged portion......
When I hear about a Title for a vehicle I think either clean or salvaged. I've personally never heard anyone use the term "Regular" for describing the title. Also someone could be meaning that they have the "regular title" for the car, which would mean they have the paperwork for it, which ON THAT paperwork it would show whether the vehicle is clean or salvaged.
most insurance companies will insure a vehicle with a salvage title. As long as it is state certified.
When an automobile is issued a salvage title, the automobile can never get a clean title. The salvage title will always remain with the vehicle.
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.
Once a vehicle is considered salvaged, you cant get it clear for any reason, even after its repaired.
Yes, it will just be issued a salvage title to make sure is disclosed upon sale.
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.
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.
It will say "Salvage" vehicle on the bottom right corner of the title. No vehicle can be sold without indicating if its a salvage, rebulit or a regular title.
Legally, yes, unfortunately there are some unethical car dealers and they do not always 'follow the rules.'
Why did you buy it without a title. Good luck
The title carries an "R" designation
When a vehicle is cassified as a total loss. The insurance company will sell it at auction to recoupe some of its money.Whoever buys it can rebuild it and have it inspected to get a new title.Now it is considered a rebuilt or "salvaged"vehicle.
No, not at all. The reason they put salvage on a title is to let future buyers know that the vehicle was previously involved in an accident. If it were demolished, you should only get a "certificate of demolished vehicle" instead of a title, then you wouldn't be able to put it back on the rod.
Most auto insurance policy underwriting guidelines specifically exclude comprehensive and collision coverage from a salvaged vehicle. Many will also not even offer liability insurance if they are aware that the vehicle has been totaled and then salvaged. This is because Salvaged vehicles statistically have more operational failures than a vehicle that hasnot been totaled out. Many of these failures occur while on the road resulting in far more accidents. Failure to disclose the salvage nature at policy inception can be construed as deceipt on the part of the insured. If the company pays half the price then you should consider yourself lucky because it probably is actually worth much less. A vehicle that has a "salvage" title is not as valuable as a "clean" title. If the vehicle has been totalled before and you did not receive a salvage title and were not informed in writing that the vehicle had been totalled, you may be able to sue the company that sold the vehicle to you. Caveat Emptor is a good phrase to learn. It's Latin and means roughly, "let the buyer beware". If you were informed that the vehicle had been totalled and they showed you the documentation and gave you a salvaged title, it means that you bought the vehicle for less than full price because of the fault. The insurance company is certainly within their rights to offer you considerably less than full book value for the vehicle.
You cannot return the vehicle for a refund. Unless you signed the title when you bought the vehicle, you really can't be sure the dealership had the title. The title may have to come directly from the state issuing the title. If you bought the vehicle used, there may have been a payoff on it and the title will have to come from the lender of the previous owner. If you bought it new, they would have to send the MSO to get the license plates and it will come from the state agency of motor vehicles. The dealership does not supply the title of a vehicle. If not purchased from a private party or in some cases, paid for in full, the buyer must take all the information, bill of sale, and so forth to the DMV, register the vehicle, pay sales tax and licensing fees, and a title will be mailed to the buyer with the lender shown as lien holder or a clear title, meaning the vehicle is solely owned by the person(s) whose names are shown on the title itself.