Damage that does not affect the drivability or safety of a vehicle. But have a trusted mechanic check it out first.
ChanelClinique
Hourglass Cosmetics (Venice, CA)
The Title
No other title.
The salvage title is used to title a vehicle that has been paid out by an insurance company. This may be because professional repairs exceed 75% of the value of the car or may be because the car was stolen and not returned within the time required by law such that the insurance company must pay out the total value. Depending on the age of the car a salvaged car may have had no damage, very minor cosmetic damage, or major damage. A vehicle that is considered not repairable is instead titled as "junked".
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.
sell it.
Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
Nope..salvage title will stay forever
It means that the car has been wrecked and rebuilt. The following eleven states also use Salvage titles to identify stolen vehicles - AZ, FL, GA, IL, MD, MN, NJ, NM, NY, OK and OR. So, in these states a "Salvaged" Title could mean it was wrecked and totalled or it could also mean that it was just stolen. Also, to clarify, no damage at all has to ocur while being stolen for it to receive the "Salvaged" title. Be leery though. Sellers could use the "stolen" excuse for a title to have Salvaged on it, but in reality it was really totalled.
You need to get a salvaged title , talk to whatever city you are in to get a salvaged title. The State will give you a salvaged title. Soil can turn black due to excess water that causes poor drainages.
a salvaged title on the car basically means the insurance company calimed the car as a total lost. either due to a major accident or theft. clear title means the opposite, the car has no problems on its history.
Car has been damaged and rebuilt.
It depends on many aspects, however since it already has a salvaged total it will be significantly lessened than if it didn't already have a salvaged title. Your insurance company should be able to give you specifics as to why they are offering what they do.
You can ask anything you want to for it. Whether you can get it is another matter. California law requires you to tell them it is a salvaged title vehicle. If you do not tell them you have committed fraud and are subject to fines and jail time.Note: a legal salvage title will indicate that the vehicle is salvaged!
On every auto application, there is a question will ask: "Does the vehicle have a salvaged or branded title?" If this is the case, you will not be able to put full coverage, (comprehensive and collision coverage) on the vehicle. Sometime you can get special exceptions from your insurance carrier to get the full coverage put on if all damage was repaired. It is much harder to get full coverage on a salvaged title vehicle.