Is the salvage value of a vehicle the same as its book value?

Is there a formula for determining the selling price of a vehicle with a salvage title as compared to the same vehicle with a non-salvage title?

Assuming it's reconstructed/roadworthy, take 40% off the value of a comparable clean titled car.

Is residual value the same thing as salvage value?

yes

If a vehicle is purchased as a salvage and then it is damaged in a collision how is the insurance value determined?

The same way it is for a clear title, the adjuster will look at what similar cars with a similar amount of damage have sold for as salvage in the area. A salvage vehicle that's been restored to roadworthiness is roughly worth 40% less than a comparable clean titled car. That should give you some idea of where to start. Go to nada.com to determine the car's value.

Does it cost more to insure a salvage vehicle?

no it doesn't cost more,but your car is not vauled the same.

How can you find out the salvage value of a totaled car?

You can call some salvage or wrecking yards in your area and ask what they are willing to pay you for the totaled car. It is best to call several wrecking yards and then average the price they offer you. A reasonable estimate is 15-20% of the retail value of the vehicle at the time of loss. Keep in mind that a vehicle totaled due to front end damage will have a lower salvage value than the same vehicle totaled due to a rear impact. A salvage yard will often pay you more than a scrap yard. It just depends on how badly damaged the vehicle is and what parts may be reusable. Salvage yards attempt to salvage usable parts that can be resold as is to body shops, mechanics and individuals and then the remainder is crushed and sold to be melted down. A scrap yard will generally only offer you based on the weight of the metal because they are just going to crush it all down to be sold as raw metal for recycle. All insurance companies have different formulas and conditions for paying out on a total loss. For instance, I know of a few companies in Illinois that will formulate a value at time of loss based on the following factors: car's condition before the accident, current blue book value, current dealer re-sale prices, current salvage values, and current newspaper listing prices. Taking all these sources of info into consideration, it is difficult to say the least to compose a salvage value, until the actual time of loss, and after an adjuster examines the damaged vehicle. There are some insurance companies out there that will not do what is right toward you, but the right companies will be fair and reasonable to you. For instance, I know that The Hartford asks you what the condition of your car was prior to the accident, the adjuster who goes out to look at the vehicle looks at any prior damage on the vehicle and any mechanical malfunctions. They then go on the market (Auto Trader is used commonly) and search for vehicles in the same category condition and base your vehicles value on that value. They then retain the salvage. I know however that if you choose to keep your salvage title, they take the market value of the car and subtract with the salvage value and that's the money you get along with keeping your car. The main point of giving you market value is so that you can go out and buy the same exact car in the same condition as your vehicle was prior to the loss. In conclusion, there are some fair companies out there. It's the consumers sometimes that keep trying to take more because they see a no fault auto accident as a way to make money. If you think you are being low balled by the insurance company than you may invoke the policy section where disagreements about settlement value can result in an independent appraisal/mediation. You will have to pay half of the fee for this, though.

What blue book value is used to find how much an insurance company has to pay when a vehicle is totaled trade-in retail or private party?

Blue Book, which is actually an Orange Book, Is not used to determine value by Insurers. It can be used as guide only. Insurers determine value based on the Market.. Meaning they use market value or Actual cash value to determine a vehicles value. This is the average cost it would be to buy the same or similar vehicle.

How much should you get if your car is a total loss and has a clean title but a previous salvage title?

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......

What is the value of a totaled vehicle?

The value of a totalled vehicle is an assessment of what that vehicle's actual cash value was prior to the loss. States vary in how carrier's assess a total loss evaluation. For instance, in NY a carrier has the option of using the "book" value such as Kelly Blue Book or NADA, doing a "market value survey" which is essentially reviewing the "market value" of similar vehicles for sale in the same area (such as the classifieds in the newspaper), or they may use an average of the two. In any case, it is not the actual price you paid for the vehicle brand new as the vehicle would have been subject to depreciation.

The book value of an asset is the same as market value of the asset?

Book value of an asset is the value which is shown in books of accounts while market value of asset is the value which is currently same asset is selling in market so both of these values are not same but it can be same but normally they are not same.

How do you find who or what insurance Co salvaged a specific car?

To determine who put the salvaged vehicle back on the road you will need to do a title history search. Insurance Companies never salvage a totaled out vehicle. They may sometimes retain salvage rights but this is for the auction of usable salvage parts from a vehicle and it's scrap metal value for auction. Once the vehicle is auctioned for it's parts and scrap value the insurance company has no control over what the buyer will do with it. Often unscrupolous buyers will purchase several vehicles of the same type and use 2 or 3 of them to make major repairs that can never bring the vehicle back to specs and resell the resulting vehicle. This is how grey market vehicles wind up back on the road. Insurance companies consider salvaged vehicles as unsafe and a danger to the motoring public. This is why most insurers will not offer coverge for salvaged or "Grey Market" vehicles. although some insurers will offer liability only.

Is it illegal to sell a salvaged car in North Carolina?

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.

Is Book value of common stock the same as the market value?

No. To get book value per share, you would divide book value by shares outstanding. Market value is whatever the current rate is on the stock exchange.