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......
no, titles to cars stay with the vehicle not the owner. if a vehicle doesn't have a title it either sketchy, maybe stolen, or worth less than a 1000.00 bucks, which can then be retitled or you just keep the bill of sale as a title
I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.
Approximately 25% less than a clear title.
This sentence refers to transferring the title. Therefore, it the only titled propery the decedent owns is a vehicle, then yes, you may transfer the title. However, if the decedent also owns a home (with a title), then this property must be included in the $50,000 limit, as well. Nevertheless, it does appear from the language, "solely owned", that the only titled property in question is the vehicle.
If by reconstructed title you are referring to a vehicle that had a prior salvage title, I would think you could, contact an agent in your area. == Absolutely! No problem whatsoever. Keep in mind that a reconstructed car is worth roughly 60% of the value of a similar car with a clean title so if you total the car you will get less than real market value but hopefully you paid less for the car so it won't matter.
40% LESS than a comparable clean titled car
i dont know. i asked you
if you purchase a vehicle, and the title was signed over to you, you must title it at your local dmv before you can sell it, unless you are a licensed vehicle wholesaler or a dealer. If you are selling it, you do not have to register it, but you do have to title it.
Yes you can. To add to the answer yes you can, it comes with a caveat. A vehicle with a branded title is worth 35% less than that of a non-branded title as it relates to fair market value. So, if you have a comprehensive or collision claim, it must be realized that the car does not have the same value as a vehicle with without a branded title. These vehicles are more apt to go total in the event of the claim. The insurance company only has to make you whole and not better you.
Yes, and in most states if you rebuild/restore the car to roadworthiness you can get a totaled/reconstructed title. Don't pay too much, they are worth much less than a comparable clean car and the value is often subjective.
The value or worth of something is based on what someone will pay for that item. So what is your question?