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.
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.
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.
trade and salvage
Yes, but you won't get much for it - even if it's been restored to look like new you'll still only get around 40-50% of the value of a comparable car with a clean title. Probably better to sell it privately.
If the deal has been approved by a lender and you have signed paperwork and then driven the veicle off the lot they can not unwind the deal. Their mistake they have to eat it if you are delivered in the vehicle. Unless you signed something giving them recourse (usually dealers have forms for salvage title vehicles that allow them to unwind the deal if they discover salvage/branded title)If they just misbooked the trade and made the mistake it's their problem. As long as you didn't misrepresent the trade you should be fine.
If the deal has been approved by a lender and you have signed paperwork and then driven the veicle off the lot they can not unwind the deal. Their mistake they have to eat it if you are delivered in the vehicle. Unless you signed something giving them recourse (usually dealers have forms for salvage title vehicles that allow them to unwind the deal if they discover salvage/branded title)If they just misbooked the trade and made the mistake it's their problem. As long as you didn't misrepresent the trade you should be fine.
As you salvage, trade, or borrow on the five islands, you will eventually have enough doubloons to buy a larger ship (the Jimmy Rigger) for 3000 doubloons. Ships are bought at the Ship Shape shipbuilders on Dracon Cove island.
They will not take the no title car on trade.
You can trade the vehicle in - but you would probably not qualify for a loan by yourself with no income.
A dealer who sells a vehicle without having the proper title is in violation of State law in most states. You should contact your attorney and/or DEMAND that they take care of you and a little extra for your inconvenience. You could also contact the state Department of Motor Vehicles or other such agency that deals with vehicle titles.
You will have to get a duplicate title from DMV
Trade