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In Minnesota, a prior salvage title indicates that a vehicle has been declared a total loss by an insurance company due to damage, theft, or other reasons. The vehicle has been repaired and deemed roadworthy by the state's inspection authority. However, it is important to note that a prior salvage title may affect the resale value and insurability of the vehicle.
What else can I help you with?
What does a prior salvage title on a RV mean?
It means the car was damaged and the costs to repair was greater than 75% of the RV's actual cash value.
What does non rem mean on a salvage title?
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How much should you get if your car is a total loss and has a clean title but a previous salvage title?
Respective of the Vehicles title condition, You are entitled to fair market Value. Basically this means you are entitled to the amount it would cost you to purchase the same or similar type and condition vehicle. when you say has a clean title but had a prior salvage title, i am assuming you mean that the vehicle was repaired and inspected by your state and deemed no longer a salvage title? if that is the case then there would be no additionaldeduction for the 'branded' or salvage title which can lower a vehicles actual cash value anywhere from 25-50% whether repaired or not.........more details and perhaps i could be of more assistance......
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.
How is a salvage title converted to a regular title?
SALVAGE VEHICLE When you dismantle, destroy or change the character of your car so that it no longer is a complete car, you must surrender your Certificate of Title to the Clerk of Courts for cancellation. When you sell your car to a salvage dealer, you must surrender your Certificate of Title to that dealer with the assignment completely executed. To convert a Salvage Title to a Regular Title, a HP 106 inspection must be made by the State Highway Patrol. A fee of $50.00 is charged. The HP-105 application for the inspection may be obtained at the State Highway Patrol. In the State of California a Salvage Title is just that, it exists for a specific reason. A vehicle is assigned a Salvage Title because the car was written off as a loss by the insurance company. There are various reasons which would cause this to happen. A Salvage Title does not always mean that the car was involved in an accident. It may have been a theft recovered vehicle, it may have water damage, it may have been in a fire, these are just some examples of why a vehicle may receive a salvage title. The State of California does not distinguish between different salvage types as some states do. Once the car receives a "branded" title there is no legal way to wash the title in the State of California. The reason for this is to protect the consumer. If there were a way to remove the salvage designation from a vehicle then the purpose of issuing that title in the first place would have been defeated.
What is a r title for a?
it means wreck/rebuild or the vehicle was sold from a salvage yard. It doesn't mean that the car isn't safe. It had to pass a state inspection to get a new title.
How do i convert salvage title to clean title?
You cannot. Once branded salvage or totaled, the title remains as such. There are illegal ways to convert a branded title (called title washing) but no legal way. Sorry! It depends on what you are really asking with your question. It is true that once the brand is on the vehicle that it was salvaged it will remain on the vehicle forever. But if you mean converting from a salvage title to a salvage rebuilt title which looks like a "clean title" but still has the brand on it that is different. If you live in Texas you will need a rebuilt affidavit completed by the owner and the person who made the repairs, you will need the title completed by the new owner and the salvage dealer or insurance company that sold them the vehicle, you will also need the form 130u which is on the txdot website completed by the dealer or insurance company and the new owner, and the new owners insurance. Please call me if you need help 2815363857 or email me at tishafranks@AOL.com
Law about destruction title in New Jersey?
Do you mean salvaged title? http://www.state.nj.us/mvc/cit_title/v_title_special.html Also from the state of New Jersey website regarding junk vs. salvage titles: Q. What is the difference between a junk title and a salvage title? A. A junk title is issued to a "public agency" (police department, municipality, etc.) for junk vehicles found abandoned on roadways. Once a junk title is issued, the vehicle can never be re-titled for use on the road. A salvage title is issued when a vehicle has been declared a total loss (through collision, flood, fire, theft, etc.) by an insurance carrier or owner. The salvage title is necessary in order to dispose of or sell the vehicle to a junkyard or dealer. If a vehicle with a salvage title is repaired and passes inspection, it can be re-titled for use on the road.
If a car is wrecked can you part it out and also sell the vin and title?
Sure you can part it out. I have no clue what you mean by sell the Vin and title. You can sell what is left of the car to a salvage yard, but the VIN # & Title stays with the car.
What is a R Title for a Car?
it means wreck/rebuild or the vehicle was sold from a salvage yard. It doesn't mean that the car isn't safe. It had to pass a state inspection to get a new title.
Should you buy a car with a salvage title?
No, No, No, a thousand times NO!!! You are just asking problems. I have purchased salvage cars twice with fine results. It all boils down to why it was declared a total loss by the insurance company. Older cars are easily totaled, even a minor fender bender can turn an older car into a salvage vehicle since older cars are worth less and if the damage costs more than 75% of the car's value the insurance companies total it. Now a newer car with a salvage title spells trouble since that could mean the car sustained over $15K in damages and that's major. You just need to know why the car was totaled, have it inspected by a mechanic, don't pay too much (it's worth roughly 60% of a comparable car with a clean title) and run it til it dies since they are harder to sell than clean titled cars. Still, I've purchased a Toyota and a Volvo with salvage titles and they are the best running cars I've ever owned. People always say run from salvage cars,which is a blanket statement that is often untrue and unfair. Consider this: a new car gets rear-ended and has $5000 in damage; it gets to keep it's clean title. The same damage on an eight year old car would total it. Same damage, different title. A clean title, therefore, does not mean a clean car. At least a salvage title is honest and upfront about prior damage!
Can a car with junk title be sold in California?
Well. you gotta do something with 'em, right? I take it by "junk" you mean SALVAGE title. http://www.leginfo.ca.gov/cgi-bin/displaycode?section=veh&group=11001-12000&file=11500-11541 (h) (1) A salvage certificate issued under this section shall include a statement that the seller and any subsequent sellers that transfer ownership of a total loss vehicle pursuant to a properly endorsed salvage certificate are required to disclose to the purchaser at, or prior to, the time of sale that the vehicle has been declared a total loss salvage vehicle. (2) Effective on and after the department includes in the salvage certificate form the statement described in paragraph (1), a seller who fails to make the disclosure described in paragraph (1) shall be subject to a civil penalty of not more than five hundred dollars ($500). IF you mean REGULAR title and junk car, you should be able to sell "as-is" to the highest bidder. LOL
