Salvage Title? - soompi forums

Salvage Title? what does this mean?

#1 sydneyk1m

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Posted 25 July 2007 - 06:21 PM

I'm looking into used cars online.

i came across
Condition: Very clean car.No mechanical or body problems.This car holds salvage title due to side accident.satisf guaranteed.

what does it mean "this car holds salvage title?"

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#2 Stevent

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Posted 25 July 2007 - 06:22 PM

it's been in an accident or a thieft.

QUOTE (sushiwhore @ May 3 2008, 09:19 AM) <{POST_SNAPBACK}>

exactly STEVEN YOU ARE MY HERO prince charming or w.e he was omg STEVEN IS MY HERO my brain is failure O_O

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#3 boost

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Posted 25 July 2007 - 06:44 PM

QUOTE(sydneyk1m @ Jul 25 2007, 07:21 PM) <{POST_SNAPBACK}>

cwhen the car had the side accident.... the cost to repair the car was 75%+ the value of the car. usually insurance companies (or the owners) fix the cars and it goes through a series of inspections to get the car's salvaged title + register the car again.

QUOTE (Krn_Track_Star @ Jan 13 2009, 07:01 AM) <{POST_SNAPBACK}>

also the g can already run mid 13s stock and the hks intakes adds an estimated 10 extra hp and the exhausts add like 8 so yeah it should shove off about 1.5 to 2 sec off my times

#4 herovueboi

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Posted 26 July 2007 - 09:30 PM

Yes, boost is right...When cars have been involved in accidents that cost too much to fix it back to tip top shape, it is sold at alower price to people who might really want the car and pay less for it because its been in a accident that cost a lot of money to get back into shape.Yes, boost is right...When cars have been involved in accidents that cost too much to fix it back to tip top shape, it is sold at alower price to people who might really want the car and pay less for it because its been in a accident that cost a lot of money to get back into shape.

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#5 x_wonton

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Posted 04 August 2007 - 12:50 PM

75%? I thought it was 40% x_x
But yes, salvaged cars mean they've been in an accident/theft that costed a certain percentage of the car value. If damages exceed that percentage, it's considered a salvaged car. Some salvaged cars are dangerous to drive but some are just fine. Just test drive any car before you buy it.

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#6 ZiGeNX77

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Posted 04 August 2007 - 10:18 PM

If you wanna play it safe, don't buy a car with a salvage title. However some people look at salvaged cars as an opportunity to get a good deal, but you have to know what you're doing. Also remember when selling the car it will have the salvaged title on the car records for the life of the car.