8 Reasons a Car Might Have a Salvage Title

8 REASONS HAVE A SALVAGE TITLE A CAR MIGHT "Salvage" generally refers to a vehicle that has been determined a total loss by the insurance company. Regulations differ state to state, but let's take a look at eight common reasons that a car might receive a salvage title. 1 TOTALED Total loss = Repair costs exceed a certain percentage of the car's value. Repair costs Differs from state to state, but the national standard is 75% NATURAL DISASTER 2 Cars that have sustained damage in a natural disaster are typically pulled from circulation, but some slip through the cracks. 3 STOLEN AND RECOVERED If the original car is found but has already been replaced, the insurance company can write it off as a total loss. AFTERMARKET COMPONENTS 4 Cars that have received substantial aftermarket parts-the motor, floor pan, cowling-may receive a salvage title. 5 KIT CARS Kit cars mix together parts from other well-known models for a customized vehicle. SOLD FOR PARTS 6 In some states, salvage title cars are not allowed on the road, nor can they be rebuilt. Savvy car owners can, however, sell the car for parts. (7 RESTORED CLASSIC OR ANTIQUE Classic cars usually don't have their original titles. Those that do still often require significant aftermarket components for restoration. If you plan to restore an old car, keep the receipts and bills of sale for all major components you put into your car. NO RE-TITLE 8 The owner may have just forgotten to re-title the car! Brought to you by eRepairables | eRepairables.com Resource: http://auto.howstuffworks.com/under-the-hood/salvage- used-junkyard-parts/10-reasons-car-salvage-title.htm eRepairaBLes 808 000