Friday, August 18, 2017

Salvage Title: The Good, the Bad, and the Ugly

First the good.  The price should be discounted.  Way discounted.  If the salvage title is due to an accident on the front end, then the car should not be more than $5,000.  The reason is for all of the repairs and for the DMV fees.

The bad.  Again, if the salvage is from an accident to the front end, you're looking at expensive front-end alignment repairs.

The Ugly.  It's as bad as the bad.

Has to exceed 70% of the vehicles's value.  The insurance company determines this.  They have their own network of repair companies.  There's the per hour cost of repairs.

Title Washing?  Change the salvage title to clean title.  Dependent on insurance companies who don't always report information to the national motor vehicle information system.

Rebuilt title was taken off the road for . . . . it had some serious damage, taken off road, not authorized for road use, and then re-inspected for road use. 

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