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A salvaged title means that the car was deemed a total loss by an insurance company. There are several reasons this could have happened. It is best to talk to the owner and find out exactly what happened and why they didn't get it fixed. Once you know what happened to the car you can start to see what you need to rebuild the truck. Also looks at this website for more information: http://www.ehow.com/how_6245022_buy-truck-salvaged-title.html
The biggest problem with salvage cars, is to buy it most salvage cars resellers are scamers, the most difficult thing is to buy a car you can use site like http://www.autoauctionhelp.com/ and buy a car directly from dealers or insurance auto auctions, then you simply find a cheap body shop and you can save up to 50 % of the retail price. Good Luck
What else can I help you with?
What is salvag title?
When a vehicle is cassified as a total loss. The insurance company will sell it at auction to recoupe some of its money.Whoever buys it can rebuild it and have it inspected to get a new title.Now it is considered a rebuilt or "salvaged"vehicle.
Is it legal in California to ask full retail value for a salvaged title vehicle?
You can ask anything you want to for it. Whether you can get it is another matter. California law requires you to tell them it is a salvaged title vehicle. If you do not tell them you have committed fraud and are subject to fines and jail time.Note: a legal salvage title will indicate that the vehicle is salvaged!
Is it a felony to sell a salvaged vehicle?
No, but I believe it IS a crime to misrepresent the title if it is a salvage,
What happens when someone sells you a salvaged title and they did not tell you it was a salvaged title?
If someone sells you a salvaged title without disclosing it, they may be committing fraud. Depending on your jurisdiction, you could have legal grounds to pursue a claim for misrepresentation or seek a refund. It's essential to check the vehicle's title history before purchasing to avoid such situations, as a salvaged title can significantly affect the vehicle's value and insurability. You may also want to report the seller to relevant authorities or agencies.
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.
Can you put insurance on a salvaged title?
most insurance companies will insure a vehicle with a salvage title. As long as it is state certified.
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.
If a car has a salvaged title can it still be legally sold by a car lot?
Absolutely,a dealer can sell you a vehicle with a salvaged title. Each state has there own laws but in most states you must disclose to the consumer that the vehicle you are selling to them has SALVAGED history. The selling dealer must disclose this on the state title forms and on the BILL of SALE.If the selling dealer does not disclose this,then you have a legal rights against the dealer.
Is a regular title the same as a clean title?
When I hear about a Title for a vehicle I think either clean or salvaged. I've personally never heard anyone use the term "Regular" for describing the title. Also someone could be meaning that they have the "regular title" for the car, which would mean they have the paperwork for it, which ON THAT paperwork it would show whether the vehicle is clean or salvaged.
What will your insurance company cover on your salvage title car if in an accident?
in most states, even if a salvaged vehicle has been repaired it is still a 'branded' title...and thus worth less.......in the states i work in a fully repaired salvaged title vehicle is worth anywhere from 30-50% less on a total loss, (reduces the actual cash value)........now, if salvaged vehicle say is worth 4k and damages are 1k, then they will repair the damaged portion......
What are the requirements to turn a salvaged title in Utah to a clean title?
When an automobile is issued a salvage title, the automobile can never get a clean title. The salvage title will always remain with the vehicle.
Where in Wisconsin can i get my vehicle inpected to clear a salvage title?
Once a vehicle is considered salvaged, you cant get it clear for any reason, even after its repaired.
