09-12-2002, 11:03 PM
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#151 |
| Senior Member
Join Date: Feb 2002
Posts: 885
| Quote: Originally posted by Morley
Either that or was totaled in an accident( or incident, eg fire, flood etc) and purchased at auction/from ins co and rebuilt. | i know many people that currently own or have owned in the past vehicles with "salvage titles". some points of intrest:
salvage title has a big impact on a cars value. this is good because one can get a nice car for far below book value. but this is also bad because if you spend a lot of money on repairs and modifications, your car still has a salvage brand and it's resale value is next to nothing.
some states mandate inspections to check for stolen parts before a car with a salvage title can be registered to be driven on the road
once you've got the car on the road, no one except for you will know that it's got a salvage title unless you tell them. | | |
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