Hmmm... you bought a car without getting a title? NOT a good idea. The title will state whether the car is clean or salvage or totaled/reconstructed. If you didn't get the title when you purchased the car you better make sure the car wasn't stolen. Call the state DMV with the VIN number for starters. They'll be able to give you some info on the car and the title.
It will be printed on the front of the title.
Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.
A rebuilt salvage title is issued when a vehicle has been declared a total loss. When that happens, the original title is "retired", and the salvage may be sold--often by an insurance company that paid the owner and acquired the salvage. As a way of recovering some of what it paid, the salvage will be sold by the insurer. The buyer of it may then repair the vehicle to make it road-worthy. The repaired vehicle is then issued a rebuilt salvage title in order to be "legalized" and used as a vehicle. The fact that it has a rebuilt salvage title will generally reduce the value of the car, because any buyer will know that the vehicle has at one time been totaled.
No, but it's very unethical! Plus, the buyer will find out when he goes to register it and may come over to your house and kick your ass. Is it worth it? Would you want someone to do that to you? Now, if you were a buyer who unwittingly bought the car with a salvage title, sorry! Best to run the title number by the DMV before you buy so you know the title brand before you buy.
Nope, but full disclosure is a must! The title should be branded so the buyer will know anyway.
In the U.S., Auto Insurance companies do not salvage a vehicle. If the vehicle claim is paid out as a total loss it is sold or auctioned off to a salvage or a junk yard. The junk yard may crush the vehicle for scrap metal value or salvage parts from the vehicle or even to re-title the car on a salvage title but this is totally up to the salvage yard or whomever the yard then re-sells the vehicle too.
i dont know try anywhere i guess ask any one you c
Not all states require a salvage title. Any recourse would have to be determined by the laws of the state in which you currently reside. If your state does require a salvage title, then the dealer is responsible for making sure you have that information. A lot of dealers buy vehicles from auction houses around the country and they may have gotten a vehicle that they didn't know that information or the state where it was purchased didn't require a salvage title. So you will need to look at your state laws and also the total history of the vehicle to see what laws apply.
Depending on the state the answer is no. If you are in CA, AZ, CO, NY I know you must disclose that the vehicle has a salvage title. As a private seller you are selling the car as-is but if your car was recently totaled/salvaged but you sold the car with the old clean title, that would be unethical. If I purchased the car from you and later could prove you knew of the salvage title I would certainly sue you and would probably win! What about a if someone sell me a "junk title" car without telling me, and I can show that they knew about it ?
Depending on the state law, you were required to disclose that it was a salvage, it's ethics, however, if you took the car and the title to that dealer and he looked at the title and did not say anything, you've done nothing wrong, but there is the question of why didn't you tell them. But if that dealer looked at the title and didn't notice it, that's different, of course if they put their lawyer on it, then you'll need one as well, remember that part.
ryza , samukabu , i dont know the rest. find out urself. (ryza is the blue big dragon thing in the game title screen. but its the child form)
Unfortunatly no there isn't... Illinois has the worst laws around with this, you can thank all of the buy here, pay here lots this state has to offer. A salvage title, depending on the county and city, means the main structure of the vehicle is damaged beyond safe repair. In Chicago I know they will not register that vehicle at all, and else where in the state. However, if you register a salvage title to a "lost title" by using the original owners name you can get away with it if you settle on an agreement they sold you the vehicle with no title in hand. Filing for lost title can take from 6 weeks to 6 years depending on the vehicle. I have a 1966 VW Bus that I filed for in Chicago in 2007 and still have no title...
My brother is so devious he does not know what salvage mean.
ask your friends or family if the know the movie
Ask a gallery or a museum! First try Googling the title!
You can do a title search at the Department of Motor Vehicles .
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.
I know of no insurance company in any U.S. sate that will give you full coverage on a salvaged vehicle.
Sources are. Salvage Yard, Dealer, Ebay, and many on-line sites. I know of no free on-line manuals for a Honda. My first choice would be a Salvage Yard. Look in the glove box of a wrecked Accord, and you may get lucky and find one.Sources are. Salvage Yard, Dealer, Ebay, and many on-line sites. I know of no free on-line manuals for a Honda. My first choice would be a Salvage Yard. Look in the glove box of a wrecked Accord, and you may get lucky and find one.
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
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.
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.
If your car is financed you cannot sell it to a salvage company. Even if the car is beyond repair it does not technically belong to you until you have finished paying for it. Once you pay the finance company off you can sell it to anyone you please. The salvage company won't or shouldn't purchase that vehicle without a clean title.
When a car is in an accident and the repairs exceed 75% of the car's value, insurance companies total the car out, pay the owner and take possession of the car. They then resell it (usually though an auction) as salvage. The title is rebranded as such so if the car is rebuilt buyers will know it's been totaled.
If you know the author then you can search their works to see if you recognize the book.
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