Quote:
Originally Posted by Ragnar
I'm curious, why would a car be listed as a salvage title, if the car could be repaired with a motor and trans? If the car is perfect with everything else, '15 year model with under 1000 miles. I have seen cars go thru the auction and listed as an insurance theft recovery, but not a salvage title. The value would still be less. A salvage title to me is if the car was totalled. What kind of a price are they asking for this car?
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Insurance theft recovery and salvage are totally different. Theft recovery is where the owner was compensated (30 days after theft) for the loss and the car was recovered after the the owner has been paid, usually the car has minor damage and is easily fixable. now the insurance company owns the car and wants to get rid of it asap and try to recover as much money as possible....salvage is where the car is has too much damage or destruction to try to get it road worthy or potential could be unsafe....so its sold as a salvage for liability reasons....they dont want to invest a ton of money to try to get it road worthy just to sell it.....in the OPs example they would have to spend 15 k to get it on the road so they could sell it...