Asalvage titleis a special type of title given to a vehicle that has sustained significant damage in an accident, flood, or other event. The damage is usually so extensive that fixing the vehicle would cost more money than the vehicle is worth. Key Takeaways A salvage title indicates that ...
What is a salvage title and how does it differ from a rebuilt title? Read through the article to learn more about the pros and cons of a salvage title.
Is it worth buying a car with a salvage title? There are pros and cons to purchasing a car with a salvage title. You may be able to get a great deal and a very low price for a salvage vehicle. However, you'll have to put quite a bit of money into the vehicle for repairs so ...
What is a Salvage Title Vehicle? If a car is stolen, damaged under extreme weather conditions, or been in a severe accident, the repairs will cost you more than the car. There are high chances of the affordable car insurance totaling the damages and taking possession of the vehicle. Insur...
Learn more about the pros and cons associated with a rebuilt title as well as the differences between a rebuilt title, salvage title and clear title.
Salvage title: A vehicle history report can be used to find out if a car has a salvage title. Lemon history: A vehicle history report can find out if the vehicle has been included in the manufacturer's lemon law program. Title issues: A vehicle history report will provide information about...
If the car's repair costs are higher than the vehicle's value, they exceed the state's total loss threshold (TLF). States like California, Massachusetts, and Ohio use a TLF to calculate the sum of the repair costs plus the vehicle's salvage value, or the car's worth after accident da...
Even today, ocean storms threaten to decimate centuries' worth of human endeavor. Humans have attempted to conquer the problems of changing water levels for thousands of years. One of the oldest weapons they've wielded against the rivers and oceans is the levee, also known as a dike. A...
Purple:A salvage title given if the car has sustained an accident, flood, or fire Orange:A non-repairable title, usually if the vehicle cannot be fixed and is beyond repair Blue/Brown Rebuilt:A clear title if the car has been rebuilt and passes inspections, usually a shift from the purple...
Final purchase & title:If everything is going OK and you’re ready to buy the car, then make plans to exchange money for the vehicle, title and a bill of sale. Don’t bring your money to the first meeting, instead, ask the seller to meet you at the DMV or at your bank. Banks ...