car salvage title…….?
wһаt аrе tһе advantage аחԁ disadvantage οf salvage title cars? people ѕау tһе insurance іѕ more affordable, isnt іt?
u dumb…u need tο learn frοm tһе MASTER…..salvage title MEANS іt һаԁ аח accident аחԁ іtѕ חοt ORIGINAL anymore….
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Well, don’t think so. I’d think twice before even considering a salvaged titled car. That could mean that a previous insurance company totalled it out.
You may find it hard to get a loan on such a vehcile. They didn’t put salvage on the title for nothing. There’s something wrong with it that while may be repairable, it’ll be too expensive to justify.
Salvage titles mean just that; that a vehicle was totaled and now has a salvage title. This means it was involved in a severe crash, but was “put back together again” and there’s no telling what specific portion of the vehicle is or isn’t reliable.
I bought a nice truck years back and was not informed that it had a salvage title, but experienced problems with it. When I try to sell it on eBay the auction was canceled because they history report revealed that it was a salvaged vehicle. The guy who sold it to me did not inform me of such.
I wound up giving it to a donate-for-good-cause organization because I couldn’t sell it.
I would strongly advise against it unless you know you’re buying your vehicle from an auto repair, etc., company who truly is expert in putting vehicles back together again in a professional, quality manner. Then again, think about re-sell.
Beware.
The insurance is not any different on a salvage or a clean title. A salvage/rebuilt title is issued when a car receives damage in excess of 60% of it’s value. Repairs were made, and the car was inspected for road worthiness. Most people do not want to buy a salvage vehicle, they oftentimes have multiple problems, breaking down often. When selling a salvage, you are expected to tell the buyer about the brand on the title, otherwise you are deceiving the potential buyer. I see no advantage in a salvage, and many disadvantages. If you want to know what happened to cause the car to be damaged severely, request the records. It will show what happened, when, and what was repaired.
It’s the opposite. Insurance companies want nothing to with salvaged cars and many will surcharge them 100%. Also the value of a car with salvage title is half or less. Banks don’t want to lend on them either. The advantage is they’re cheap to buy
Salvage is salvage just like junk is junk. Will the insurance be cheaper, it should if you can find someone that will insure it.
Insuring this vehicle will be a liability to the insurance company depending on how bad it was wrecked or just what is wrong with it.