You salvage a car by saving it from the ruthless owner, how does not know the value of the car. Baby it and bring it to life again through repair, maintenance and proper use.
A BMW salvage car can be obtained from a few places. A couple options in locations to pbtain a BMW salvage car from is an actual salvage yard, or a used car dealership.
You can salvage you car by taking it to a scrap metal yard. They will pay you money for your car.
You can register with a salvage title.
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.
The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
You cannot legally. Once a salvage always a salvage. At best you can get a "rebuilt" title.
You can purchase a salvage car at a small dealership (ex: Autoworld). There, they have many different cars: wrecked, salvaged or dented. Therefore, you are almost certain to find a salvage car there for a good deal.
No, the warranty is void on a salvage vehicle.
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
Yes you do have disclose a salvage titled vehicle.
When buying the salvage vehicle, ensure that you search the history of the vehicle.
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.