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What does rebuilt salvage title do to value of car?

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2010-11-03 13:34:00
2010-11-03 13:34:00

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.

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You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.

If it was a salvage car that you rebuilt and now have a clean title for yes, you can sell it as long as you inform the buyer that it was a salvage car.

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.

It usually means rebuilt from salvage it also means less value 50% of kelly book value.

Well, if you knowingly traded in a salvage/rebuilt car with a wrong/clean title he has the right to sue you for the extra money he gave you for your trade in since a salvage car is worth roughly 40% less than a comparable clean titled car. Did you sign over a salvage title when you traded the car in? If so, he has no legal recourse since the salvage title is clearly marked and it's his problem.

The value of a salvage vehicle is roughly 60% of the value of a comparable car with a clean title.

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

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.

Salvage title means it is a "title" that can be ugraded into rebuilt/prior salvage depending where you live in America. Certificate of Salvage is not a title and can never be a title it is just a certificate saying that the MVA is giving you proof that you own this parts car or what ever it is. It is never allowed to drive on public roads even after you fix it. -The Muslim guy

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.

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.

That means that at some point the car was wrecked so severely that the cost to repair it exceeded 75% of the value of the car. The car was therefore totaled and sold to a salvage yard. The salvage yard sold the car to someone who repaired it and sold it with the required salvage title. You should have noticed the salvage title when you bought the car.

Only if you can un-rebuild the car. Once a car is rebuilt, it is rebuilt forever.

A salvage car or truck, once restored to roadworthy condition is worth roughly 60% of the value of a comparable vehicle with a clean title.

If it's still salvage about 20% of the value of a comparable clean titled car. If it's reconstructed/roadworthy about 60%

The salvage title has to do with obtaining a loan on the car. However, I would disclose it.

It means that the car was damaged, but was not reported as a salvage title. A PS Title is Pre-Salvage. It is a clean original title on a car that in most cases should have been transferred as a salvage title, but for whatever reason was not.

You can register with a salvage title.

Financing is available for Salvage and/or Rebuilt Titles. You just have to know where to look because most lenders tend to stay away from these types of auto loans. There is a website called PreOwnedAutoMall.com who will connect you with a lender that provides Salvage and/or Rebuilt Title financing. I found them through Google search. There staff worked quickly and had a reputable lender call me within minutes to start the application process. They financed the full NADA value for me. Awesome!

Some salvage yards sell them.

NO, salvage value is subjective. The salvage price is usally set by bids. Depends. If it's salvage the price is very subjective. If it's salvage but reconstructed (i.e. roadworthy) it's typically worth 60% of the value of a comparable car with a clean title. Use kbb.com and edmunds.com to determine appx value.

Not sure about all 50 states but in the state of Illinois it is a misdemeanor for a dealer to sell a car and not have the buyer sign a form provided by the state which the buyer is acknowledging that the car is a salvage/rebuilt vehicle. Repeat offenders are felonies. Contact your states DMV to find out what your law states where you live.

A salvage title can be caused by a car having been damaged in a previous wreck also if a car has been previously stolen and the owner was already given a replacement before the car was found then the stolen car may receive a salvage title

The title itself will sate that the car is a salvaged vehicle.

If I am interpreting your question correctly, the answer is yes. The salvage car needs to be rebuilt to the same standards it had when it was on the road. All parts bought and installed have to be accounted for and have receipts for. It then needs to pass your local inspection before it can be titled with a re-constructed title.


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