60% of the value of a comparable clean titled car.
If by reconstructed title you are referring to a vehicle that had a prior salvage title, I would think you could, contact an agent in your area. == Absolutely! No problem whatsoever. Keep in mind that a reconstructed car is worth roughly 60% of the value of a similar car with a clean title so if you total the car you will get less than real market value but hopefully you paid less for the car so it won't matter.
The value of a salvage vehicle is roughly 60% of the value of a comparable car 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%
If the car is reconstructed, in good overall condition and roadworthy, roughly 60% of the value of a comparable clean titled car. If it's still damaged maybe 25%.
Assuming it's reconstructed/roadworthy, take 40% off the value of a comparable clean titled car.
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.
Salvage vehicle value is highly subjective but if the car was properly reconstructed and is roadworthy it is worth roughly 60% of a comparable clean titled car. Go to nada.com to get an idea of the car's value. If it's salvage but not roadworthy, maybe 25% of the value of a comparable clean titled car.
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.
The insurance company will not know that the vehicle has been reconstructed unless you tell them up front. The problem comes if you have an accident or claim which totals the vehicle. The value of a vehicle that been a total loss is far less than a vehicle that has not so the company will evaluate the value of your vehicle at a far lower amount when time to pay you in a total situation. This is a fact that you need to be aware of in case you do total the vehicle again. The company is obligated to pay you the value of the vehicle at the time immediately before your accident. This is fair as you pay far less for it versus buying an undamaged vehicle but you will pay premiums the same as anyone else.
It worth appx 60% of the value of a comparable clean titled car so if it is worth $5000 with a clean title it's worth roughly $3000 with a salvage title.
Yes, and in most states if you rebuild/restore the car to roadworthiness you can get a totaled/reconstructed title. Don't pay too much, they are worth much less than a comparable clean car and the value is often subjective.
I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.
A reconstructed titled car is a car that was severely Damaged/Totaled and then a repair person or shop builds the car back up well enough to pass inspection. One should be very carefull if buying a vehicle like this because seller might not take it back or give refund. Vehicle might look fine at first but fit and driving ability may be weak or altered and when you get ready to sell the car yourself, it may be difficult or you may have to take a huge loss. NEW ANSWER A reconstructed title is a salvage car that has been repaired to be roadworthy. They are not always severely damaged, it just depends on the value of the car at the time of damage. It doesn't take much to total an older car, it takes a lot to total a new one. Personally, I would only buy a reconstructed vehicle that was at least 8 yrs old and I'd get it inspected by a pro prior to purchase. Sometimes a small fender bender will total an otherwise decent car. Keep this in mind though: a reconstructed car is worth about 60% of the value of a comparable clean titled car.
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.
The penalty for forging a motor vehicle title depends on the value of the vehicle. The last man that I know about only got 2 years.
Typically the value is 20% of the vehicle's value without salvage.
It means the car was wrecked, or flooded, so badly that it was sold for salvage. The cost of repair was 80% of the value of the car. The car was then bought by someone and repaired. Thus the salvage title. Run from this vehicle as fast as you can. == At resale time a salvage/reconstructed vehicle will net 60% of the value of a comparable car with a clean title. Cars are totaled when repairs top 75% of its real market value. An older salvage car can be a fine purchase since they are worth less and it doesn't take much to total them (even a little side swipe will total an otherwise fine car and it will drive fine). Avoid flood damaged cars as they can have a lifetime of quirky electrical problems. Don't believe the scaredy cats that say RUN from a salvage car--if the salvage/reconstructed car is in good condition and passes a pre-purchase inspection it can be a great deal.
go to nada.com and get ithe car's value based on its condition. then take off 40% of that price to get appx salvage value. this assumes the car is reconstructed and roadworthy.
* Typically salvaged vehicles lose 50% of their NADA or KBB value, but usually this only matters if you are using your salvaged vehicle as a trade-in. The actual value loss can range greatly if you are selling it to a private party. This will be largely determined by the extent of damage to the vehicle and how concerned the buyer is with the damage or the effected repairs. If the repair work has been done professionally, the vehicle may not even lose value. One item to note, however- some insurance companies will not insure a salvage title vehicle or will at least limit how it can be insured. * If one is buying a used car, a used car value could be determined by asking for the car's history. This history includes all the service/maintenance done to the car, repairs/crashes it has gone through and the price difference of the used car and the new model. === === * A salvage/reconstructed car is worth roughly 40% less than a comparable clean titled car. Check nada.com, and kbb.com to get an idea of clean titled value.
Depending on the value of the car, you might be able to sell just the title to someone. Very limited value in just a title.
If it's not driveable it's worth 20-25% of the value of a comparable clean titled car. If it's reconstructed and roadworthy it's worth 60% of the value of a comparable clean titled car.
I assume you are talking about a vehicle that was totaled. Depending on your state's laws, you may be able to get something like a salvage title or similar. Basically it is a title that allows you to register the vehicle but you cannot pass it off to a buyer as a clean title vehicle. This can be fine for a project car or a personal vehicle but will decrease its value for resale.
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.
You are going to look at roughly losing an extra 40-45 percent off of what the bike is worth with a clean title.