0
whatever you can for it.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is a salvaged title mean?
Car has been damaged and rebuilt.
If a vehicle is wrecked then totaled and it has a lost title will this affect the insurance claim?
Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.
How register your own salvaged car?
All vehicles, Salvaged or not, can be registered at your local DMV
Where can a damaged Mercedes be bought?
One can purchase damaged or salvaged Mercedes vehicles from car auction websites. Some sites that specialize in salvaged vehicles are SalvageAutosAuction, AutoBidMaster and eBay.
Can total loss vehicles be salvaged to the repair shop?
yes
How to sell a salvaged vehicle to a junk yard?
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.
Salvaged title finance in california. Is it law in California that a car having a salvaged title can not be financed through a banking or credit union Stuck in a rut?
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.
Should you buy a car with a salvaged title that is now repaired?
It depends on: who rebuilt/repaired the vehicle, what was wrong with it that required it to be rebuilt, whether it's valuable enough to overlook some potential problems and whether you'll be able to cover the entire cost since banks don't like to loan on a slavaged title. Salvaged titled vehicles tend to have mechanical problems and you'll need to put some money aside to pay for the little things that go wrong.
Where can you find wrecked cars for sale?
Worldwide Auto is the largest dealer in the West of salvaged vehicles for sale. You can find damaged vehicles, wrecked, and repairable vehicles for auction.
Does a salvaged title indicate that the car was stolen?
It means that the car has been wrecked and rebuilt. The following eleven states also use Salvage titles to identify stolen vehicles - AZ, FL, GA, IL, MD, MN, NJ, NM, NY, OK and OR. So, in these states a "Salvaged" Title could mean it was wrecked and totalled or it could also mean that it was just stolen. Also, to clarify, no damage at all has to ocur while being stolen for it to receive the "Salvaged" title. Be leery though. Sellers could use the "stolen" excuse for a title to have Salvaged on it, but in reality it was really totalled.
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.
What is it called when a salvaged vehicle was repaired?
AnswerAfter it's Repaired, it's called a " Salvaged Rebuilt Vehicle". before it's repaired it's called a total wrecked vehicle. Most insurers will not provide insurance for a total wrecked vehicle unless proven that the vehicle was prematurely declared a total loss.This would not apply to cars being rebuilt from the ground up, such as classics
