If the car is still going to be driven, then yes it does need insurance.
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.
Yes. Getting insurance and plates with a salvaged title car should not be a problem. It shouldn't affect any of that... the only thing you need to worry about is if the place you got the car from properly fixed all of the problems on the vehicle.
Any agent should be able to help you.
You only need insurance if you are going to tag it and drive it. If it is just for parts or scrap, you don't need insurance.
If you took the money from the insurance company you have agreed to the salvage title and there's nothing you can do about it. Now the car just lost 40% of its value because of the salvage title but I assume you made money on the insurance payout. If you refused the insurance money and fixed the car yourself for $5K the title would have remained clean. Now if you didn't file a claim and they still salvaged the car title you can either fight it if they didn't pay you or take the money and drive the car til the wheels fall off.
No, unless you have another car with clear title and full covered by Aaa.
The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
It means that the car was damaged, but was not reported as a salvage title. A PS Title is Pre-Salvage. It is a clean original title on a car that in most cases should have been transferred as a salvage title, but for whatever reason was not.
Yes, of course you do! :)
You can register with a salvage title.
only if the car was damaged to where it was declared totalled. Then you need to get a Salvage title and have the car inspected.
No. The title becomes salvage from the insurance company that gets a car that was involved in an accident, water damaged, fire, etc. If you donate your car, you just sign over the title to the person or charity you are donating it to. make sure you get a copy of the title front and back after you sign it over to prove you donated it so you can prove that you did for insurance and tax purposes.
You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.
Yes you can sell these types of cars to First cash for car
I know of no insurance company in any U.S. sate that will give you full coverage on a salvaged vehicle.
depends on where you live, if you live in NY then you need to transfer the title to a NY salvage title. Then, you can apply for a reconstructed title there. Here in NJ, dont have a "reconstructed title". you have to apply for a salvage inspection so that theyll give you a clear title.
Have the car appraised.
A salvage title car will bring far less that one without a salvage title. Deduct about 20% from the retail value.
A salvage title can be caused by a car having been damaged in a previous wreck also if a car has been previously stolen and the owner was already given a replacement before the car was found then the stolen car may receive a salvage title
If you want the car then you retitle it with a salvage title. If you don't want the car then you go back to the seller and explain that he defrauded you by not presenting you the proper 'salvage' title. If it's worth the time and hassle to you then you may need to contact an attorney and sue.
The title itself will sate that the car is a salvaged vehicle.
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.
A rebuilt salvage title is issued when a vehicle has been declared a total loss. When that happens, the original title is "retired", and the salvage may be sold--often by an insurance company that paid the owner and acquired the salvage. As a way of recovering some of what it paid, the salvage will be sold by the insurer. The buyer of it may then repair the vehicle to make it road-worthy. The repaired vehicle is then issued a rebuilt salvage title in order to be "legalized" and used as a vehicle. The fact that it has a rebuilt salvage title will generally reduce the value of the car, because any buyer will know that the vehicle has at one time been totaled.