It happens to a lot of us. You absolutely love your current car. It gets you to work and back, and is great fun to drive on the odd road trip. It has been reliable, despite being old enough to be out of warranty. But one day, it has a catastrophic failure or sustains a fair amount of damage. Your insurance doesn’t cover the damage or it has a high deductible. Whether it’s a trashed interior, the engine seizing up, or torn bodywork on the front end, you are looking at a sizable bill for parts and labor. If you want to keep the car, here is an affordable solution: buy a salvage car for parts you will use to repair it.
You’ve probably heard about wrecked cars that are sold at auctions for much less than the market value of cars of the same model and year. Salvage title cars announce to potential buyers and the world that the vehicle has been involved in an accident and/or has suffered substantial damage to the point the insurance agency has paid the claim and written off the car. If you are trying to get a bargain, you can buy one of these cars and repair it Many of these cars are repairable. But, in order to do so, you need to carefully inspect salvage cars you are looking into buying.
There Are Lots Of Stolen and Recovered Cars In the US
In the United States, over 700,000 cars are stolen each year. The authorities recover an average of 46% of those vehicles. That percentage varies by state: while Alabama has only a 28% percent recovery rate, Washington State had 71% and Utah, 63%. As a general rule, agencies must classify as Motor Vehicle Theft all cases where automobiles are taken by persons not having lawful access ”even though the vehicles are later abandoned”.
So you bought that salvage title vehicle at auction. The next step after you get the car is to make the repairs. Your goal is to get the vehicle roadworthy, and for that to happen it must pass inspection. You might need to photograph repairs to your salvage car Maybe your state is one of those that requires you to submit before and after photographs of the build. A friendly reminder: ALWAYS check your state’s regulations and the titling process. This article is purely informational and it’s not meant to be a comprehensive guide on what you need to submit to local authorities. That is something you need to research on your own.
Salvage Title Automobiles
A salvage title vehicle is one that has been written off by the insurance company because the cost to repair the salvage car exceeds its estimated value. This will vary from state to state, but for the most part, that number is over 60% of the value of the salvage car. At that point, the insurance company will write-off the car, pay the claim and request a salvage title for the car.
Repairable And Nonrepairable Salvage Car Titles
When shopping for salvage cars for sale there is a very important distinction. Some salvage cars are repairable, but others are not. In general, a car that has been written off is deemed salvage, and the title is issued or marked as such for any future buyers.
The Inspection Process For Salvage Cars
Once the owner of the salvage title car or truck has repaired the car and taken the photographs, it is time to assemble the documents, showing where each major component used in the repair was sourced from, and go to the actual inspection. Depending on the jurisdiction that can mean going to a repair shop that is authorized by the state to do the inspections, or it can mean some sort of governmental entity or officials. For example, in the case of Michigan, inspectors are law enforcement officers from the county the owner resides, as is the case with Wisconsin, where the certified salvage title inspector is a law enforcement officer.