If you have been a reader of this blog, you know we have approached the reasons damaged cars get that title quite often. And although most reasons are just as important, cars deemed salvage due to floods and hurricanes need a little extra attention.
Salvage Title Car. Once in a while, you find those too-good-to-be-true deals on great looking vehicles. If the price is not a typo, then the problem is with the car. You know dealers don’t do charity work.
First of all, when you hear someone talk about “salvage title”, what does that mean, exactly? Why are repairable salvage cars for sale deemed salvage?
The vehicle is branded “salvage” because it has been damaged and/or deemed a total loss by an insurance company. There’s a lot of wrecked cars for sale out there! If you are lucky enough, you can find repairable salvage cars with very little damage and in great mechanical condition.
Saab Cars And Their Enthusiasts
Saab is the much-beloved Swedish car manufacturer that went out of business in 2011. That was only two years after parent company General Motors, in the middle of its own bankruptcy, sold it to an investment group. The Scandinavian carmaker had a reputation for solid engineering and quirky designs. This was the first brand to introduce headlight wipers and heated seats as standard equipment.
There are many different ways to get a car. You may buy or lease an auto, or if you are tight on cash and want to save some money, there are used car dealerships that can help you or even buying a second-hand car from someone you found on the newspaper or Craigslist. And there’s a salvage car auction.
Some weather conditions can get pretty extreme in the United States, helping increase the number of salvage cars dramatically. The winter brings many factors to the table that help the number of salvage cars in the market up, specially hail damaged cars.
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.
Labor And Car Parts Are Expensive
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.
Some of the reasons that may give a vehicle a salvage title include collision damage, flooding, theft, hail, etc. For example, Oregon defines an Oregon Salvage Title Certificate as a “legal document that indicates the vehicle was totaled, wrecked, dismantled, stolen, or abandoned. It also indicates ownership of the vehicle.”.
Why Do Cars Have Norepairable Salvage Title?
Some salvage cars are titled ”non-repairable”. The State of California DMV defines it as “a vehicle that has no resale value except as a source of parts or scrap metal, and which the owner irreversibly designates solely as a source of parts or scrap metal.” You are basically buying a bunch of parts and junk metal.
There are some limited exceptions (classic cars, for example) but that’s for another article. For the most part, this classification means that the nonrepairable titled salvage car cannot be titled as anything but destined for dismantling and junking.
Once a car or truck is declared nonrepairable, the general rule is that no other state will grant it a rebuilt title. Oregon, for example, will not issue a salvage repairable title to any vehicle that has the following designations in the out-of-state title :
• Parts only
• Wreck, Dismantler, or Wrecker only
Why Cars Are Repairable Salvage
You’ve heard of a “salvage title car” but what does it mean and how did it happen? A car receives a salvage title when the insurance company determines the cost to repair it exceeds its worth. This is commonly referred to as a “total loss“.
Even though the insurance company has deemed a vehicle a “total loss”, the car may still be worthwhile to you. It is important to know that besides accidents, there are several reasons for a salvage title.