Have you ever gotten the best price on a car only for you to find out that it’s the “salvage title“?
Salvage title vehicles could be a good choice for you, as they are a safe choice and research thoroughly.
What is a Salvage-Title?
Simply put, a salvage-title vehicle is considered to be a total loss in the sense that it has suffered significant damage that is greater than its value. The exact proportion is different from state to state, however, generally, the damages is approximately 75 per cent of vehicle’s estimated fair market value.
A car that has salvage title cannot get registered until the vehicle has passed the necessary inspection. A car that’s declared to be a total loss but has been repaired until it is driving is given the title rebuilt.
Common Reasons for a Salvage Title Designation
1. The vehicle has been in the middle of a serious crash.
In most cases, vehicles are deemed to be losses because they have been involved in a major accident. Or the insurer (or the owner of the car in the event that they are not insured) decides that the car isn’t worth fixing from a financial standpoint.
2. The car was the victim of a natural catastrophe.
Natural disasters of any kind such as hail, floods, fires, or winds can cause serious car damage.
3. The car was stolen, and later recovered.
If a car was stolen and is not located within a reasonable period of time insurers will reimburse the owner. If the vehicle is discovered and subsequently recovered, it will be given a salvage title. Some of these vehicles have nothing to do with them. In other instances, the burglar could have taken away or damaged the major components.
4. The car was vandalized.
If a car is damaged and suffers sufficient damage it will be issued a salvage title.
Caution is Key
As you will see, there are a variety of possible reasons why a vehicle could be given the designation of a salvage title. If you’re aware of the features you’re looking to find, you may be able find an excellent deal on a vehicle with a salvage title. It’s crucial to ask questions and become aware of the risks you’re getting into prior to you decide to make a purchase.
If you are in Gnangara, Western Australia 6077, Australia and looking to sell your car, below is the best way to visit us.
Contact Us
ZZ Auto Wreckers
55 Christable Way
Landsdale WA 6065
0481 202 202
info@zzautowreckers.com.au
