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We were in an accident that was not our fault. Allstate is going to cut us a check for the value of the car minus the salvage value. Why are they subtracting the salvage value from the check?
Because, that is what they feel you can still obtain by disposing of the car, metal value etc......
What is vehicle salvage?
When a car is in an accident and the repairs exceed 75% of the car's value, insurance companies total the car out, pay the owner and take possession of the car. They then resell it (usually though an auction) as salvage. The title is rebranded as such so if the car is rebuilt buyers will know it's been totaled.
Is full coverage insurance worth paying on a salvage car?
Usually not, collision and comprehensive only pay based on pre-accident value of the car, which for a salvage is very little if anything. You will need liability and it might be useful to have uninsured motorist.
Hi you were in an accident two years ago your car had front end damaged that was fixed professionally by a reputable dealer your vehicle runs and looks like new Is your car still a salvage vehicle?
Once a salvage title is given to a car it remains a salvage or totaled/reconstructed car. It will never legally have a clean title again. This assumes the damage was reported to an insurance company and they totaled/paid out on the car.
Should you buy a salvage car if the airbags deploy?
I wouldn't buy a salvage car because if the accident was severe enough to cause the air bags to deploy, it is severe enough to cause frame damage. I'd have it checked out by a competent garage first.
What does it mean 'the car is PS title'?
Well, a car with a "PS title" means it has a salvage title due to being declared a total loss by an insurance company. This could be due to damage from an accident, flood, or other reasons. It's important to carefully consider the history of a car with a salvage title before making a purchase, to ensure it meets your needs and expectations.
Where can one obtain a BMW salvage car from?
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.
How do you salvage your car?
You can salvage you car by taking it to a scrap metal yard. They will pay you money for your car.
What if you have a salvage title and you get in another accident and its totaled again?
If you have a salvage title and your vehicle is totaled again in an accident, the insurance company will assess the car's value based on its salvage status. You may receive a lower payout compared to a vehicle with a clean title, as salvage titles indicate that the vehicle has previously been deemed a total loss. Additionally, the process for rebuilding or re-titling a salvage vehicle can be more complicated, often requiring inspections and documentation to restore it to a drivable status. It's essential to check your state regulations regarding salvage vehicles for specific procedures.
Banks that offer car loans for salvage titles?
Few, if any will give you a loan. That's why it's best to either avoid high-priced salvage cars or buy older cars that have been totaled with cash - it doesn't take much to total an older car these days and the damage could simply be cosmetic. Some Prior salvage cars are even better than clean title. Prior Salvage and Clean Title difference is only that one title shows that the car was in accident and Clean Title will never show it - even if it was in worse accident. Like some say you will have problems with Prior Salvage Title, it is NOT true though.
Is it possible to get a tag for a salvage car?
You can register with a salvage title.
You bought a used car and when you tried to trade it in they said it has a salvage title six months after you bought the car?
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.
