No, but I believe it IS a crime to misrepresent the title if it is a salvage,
The best way is to go online and look whether anyone is interested in buying salvaged vehicles. You can checkout http://junkyard.recycleinme.com/ which is one of the largest online junkyard. You can check in there if anyone is interested in buying salvaged vehicles. You can also post a sell offer for the salvaged vehicle there so anyone interested can contact you.
Yes you can, as long as the vehicle has been rebuild, and fit for road operation. Salvaged vehicle generally is cheaper than normal none branded vehicle. If you can get a good deal on a salvaged vehicle, just make sure take into consideration you will most likely not been able to sell it to anyone else.
sell it.
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.
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.
I'm in Virginia but I believe it is the same in NC, you must disclose the fact that the vehicle you are selling is salvage, that's it.
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!
That is illegal. Do not doit!Actually you often have to do it when you are replacing an instrument cluster with a salvaged one. Otherwise you'd have the salvaged vehicle's odometer.
Penn warranty company.
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.
IVC means- Illinois Vehicle Code. So it's felony offense of the vehicle code.
Yes. Felony of concealment.