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what happens if you buy a car unaware of salvage title?
well, if it was from a dealer you have recourse. if it's from a private seller, too bad...UNLESS they sold you the car with a clean title when they knew it was salvage. did you look at the title before you bought the car? if it was clearly branded as salvage or totaled you're out of luck but if it was a clean title when it actually wasn't you can try and get a refund from the seller or sue. If you sue you will have prove the seller knew the title was salvage at the time of sale. good luck!!
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∙ 15y ago
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If you buy a salvage vehicle with no title and repair it how do you get a title?
When you bought the salvage, the junk yard should've given you a 'salvage' title. You don't buy cars without getting a title. Talk to your state DMV and hopefully it's not stolen! Good luck.
Can a New Mexico Salvage title vehicle be registered in Texas?
Yes it can, we buy cars from Florida to California that are salvage and sell them in Texas all the time.
Can you insure a salvage title car?
Some companies will let you buy liability insurance. almost none will offer full coverage. A salvage title means the car has already been totalled before.
Does a Private party have to disclose salvage title?
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.
Banks that offer car loans for salvage titles?
Few, if any will give you a loan. That's why it's best to either avoid high-priced salvage cars or buy older cars that have been totaled with cash - it doesn't take much to total an older car these days and the damage could simply be cosmetic. Some Prior salvage cars are even better than clean title. Prior Salvage and Clean Title difference is only that one title shows that the car was in accident and Clean Title will never show it - even if it was in worse accident. Like some say you will have problems with Prior Salvage Title, it is NOT true though.
You bought a car from a dealer he did not disclose that the car has a salvage title is there any recorse?
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.
I am in NC 2 years ago I bought a car with salvage title but the seller didn't say it's a salvage vehicle. After I paid it I found the problem. Is there anything I can do now?
If it was a private party there's nothing you can two about, especially two yrs later! Always buy a car that has a current and local title (not out of state), run a Carfax and call in the title or VIN number to your state DMV to make sure the title is clean BEFORE you buy any car.
How then can you determine salvage value?
When car shopping, it is important to always inspect a car thoroughly regardless of its title, some vehicles could have been in accidents never reported or involved in a buy back program. But keep in mind that if you buy a salvage title car, the chances of selling it to someone else and recouping your money are very slim. You might save $3,000, $4,000, $5,000. But you will lose that right off the top when you go to sell it. If you buy a salvage title car, you might want to count on keeping it until the wheels fall off. You may also want to check with your Auto Insurance Company to see if they will insure a "Salvage Titled" car and if so, at what additional cost.
What companies buy salvage cars?
Either of the following websites are companies that buy salvage cars erepairables.com/buy-salvage-cars or http://www.autobidmaster.com/carfinder-online-auto-auctions/
How do you go about getting a title for a vehicle that was bought from a salvage yard that was going out of business if the salvage yard didn't have the title to the vehicle you bought?
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.
Is it safe to buy a car that was once stolen and given a salvage title but has now been inspected by the Department of Motor Vehicles and given a clean title?
STRONGLY recommend taking it to a independent repair shop BEFORE you buy it and have them evaluate it first. Pukenstein@aol.com Stolen/recovered cars with salvage titles can be great deals (don't pay more than 60% of the value of a comparable car with a clean title, however). Get a pre-purchase inspection by a reliable shop and run a Carfax. If it passes muster buy it!
How can you make a salvage title on a RV camper into a clean title in Illinois?
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...
