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Depends on the car. I bought a 2000 Ford Escort 1.6 with 40k miles on the clock for £400, so it wasnt worth going fully comp. If you are paying more though, and the car has been fully repaired, then definitely go fully comp just incase.
What else can I help you with?
What will your insurance company cover on your salvage title car if in an accident?
in most states, even if a salvaged vehicle has been repaired it is still a 'branded' title...and thus worth less.......in the states i work in a fully repaired salvaged title vehicle is worth anywhere from 30-50% less on a total loss, (reduces the actual cash value)........now, if salvaged vehicle say is worth 4k and damages are 1k, then they will repair the damaged portion......
Salvaged title finance in california. Is it law in California that a car having a salvaged title can not be financed through a banking or credit union Stuck in a rut?
There is no law against financing Salvaged Titles. It is just that most banks and credit unioins chose not to finance these vehicles. The problem is that there can be liability if the vehicle is for whatever reason unsafe, and you sometimes do not know why a vehicle was salvaged. It could be because of frame damage or other serious damage, or it could be for water damage (i.e., Katrina), or it could be that it was just stripped by a theif, and has been rebuilt and is perfectly good, but since it was totaled by the insurance company, it is "salvaged". Some lenders will lend against a salvaged title. But they will take off 40% of the value of the vehicle due to salvaged title. So if the vehicle is worth $10,000 as a regular title, a salvaged vehicle will be worth about $6,000. I believe SafeCo might be a source for insurance. Car Cash Loans in Los Angeles (www.CarCashAuto.com) will lend against salvaged titles, according to their representatives.
How much cheaper will a fully functional salvage title vehicle sell for versus a fully functional clean title vehicle?
It worth appx 60% of the value of a comparable clean titled car so if it is worth $5000 with a clean title it's worth roughly $3000 with a salvage title.
How does someone salvage cars?
A salvage vehicle is one that has received a certain percentage of the vehicle's worth in damage (determined by the state the vehicle is registered in). To salvage a vehicle in most states, one must be licensed to repair the vehicles and the vehicle, once repaired, usually has to be inspected. If the vehicle is salvaged and repaired to be sold, it is the responsibility of the seller to disclose the salvage title.
Try to buy BMW 525i 2006 8K mile and carfax back salvaged- look very good- what to do?
I recommend not buying the car. Salvaged means the car was recently totaled, flooded, or in some other manner suffered major damage. Then the car was fixed for whatever damage it incurred, inspected and passed by a DMV, then issued a salvage title. The vehicle was 'saved', hence the word salvaged, but it was saved from going to a junkyard after suffering major damage. A vehicle in that condition with only 8,000 miles will be worth a hell of a lot less than a comparable vehicle upon resale.
How much is a salvaged car worth?
How much was the car worth before it was damaged? These are not reasonable questions. How much the car is worth totalled depends on what kind of vehicle it is, how old the vehicle is, how much damage is done, what parts are salvageable, is the engine still good, how many miles are on it, and lots of other factors might come into figuring the value of the damaged vehicle. There is no single number that allows you to say a totalled vehicle is worth $100 or $1000 or $10,000. I hope you understand my meaning and also take it that I'm not being condescending in telling you this.
How much is a salvaged 1994 Nissan Altima with 11950 miles worth?
go to kbb.com itll tell u everything
Can your insurance company give you only half of the car's value because it had previously been totaled but repaired by collision specialists and inspected by the police?
Most auto insurance policy underwriting guidelines specifically exclude comprehensive and collision coverage from a salvaged vehicle. Many will also not even offer liability insurance if they are aware that the vehicle has been totaled and then salvaged. This is because Salvaged vehicles statistically have more operational failures than a vehicle that hasnot been totaled out. Many of these failures occur while on the road resulting in far more accidents. Failure to disclose the salvage nature at policy inception can be construed as deceipt on the part of the insured. If the company pays half the price then you should consider yourself lucky because it probably is actually worth much less. A vehicle that has a "salvage" title is not as valuable as a "clean" title. If the vehicle has been totalled before and you did not receive a salvage title and were not informed in writing that the vehicle had been totalled, you may be able to sue the company that sold the vehicle to you. Caveat Emptor is a good phrase to learn. It's Latin and means roughly, "let the buyer beware". If you were informed that the vehicle had been totalled and they showed you the documentation and gave you a salvaged title, it means that you bought the vehicle for less than full price because of the fault. The insurance company is certainly within their rights to offer you considerably less than full book value for the vehicle.
What is salvaged gold worth?
Clean recycled gold is worth roughly the same as clean freshly mined gold, close to the "spot price" which varies daily. Recycled gold still attached to its "matrix" is worth very little.
How do you find the value for a salvaged vehicle?
* Typically salvaged vehicles lose 50% of their NADA or KBB value, but usually this only matters if you are using your salvaged vehicle as a trade-in. The actual value loss can range greatly if you are selling it to a private party. This will be largely determined by the extent of damage to the vehicle and how concerned the buyer is with the damage or the effected repairs. If the repair work has been done professionally, the vehicle may not even lose value. One item to note, however- some insurance companies will not insure a salvage title vehicle or will at least limit how it can be insured. * If one is buying a used car, a used car value could be determined by asking for the car's history. This history includes all the service/maintenance done to the car, repairs/crashes it has gone through and the price difference of the used car and the new model. === === * A salvage/reconstructed car is worth roughly 40% less than a comparable clean titled car. Check nada.com, and kbb.com to get an idea of clean titled value.
What are the job functionalities of an underwriters?
Underwriters assess whether an insurance candidate is worth the risk. They assess whether the company will make money insuring the person.
If someone totals your car and leaves the scene and is arrested for DUI is there a higher payoff for the vehicle?
No. The vehicle is worth what the vehicle is worth, no matter how it was totaled
