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Automobiles Salvage title is a term that often comes up in classifieds for used vehicles. Before you decide on purchasing a used car that says it has such a title, it is essential you are aware of what this implies or you could have complications eventually. What’s a Salvage Title? Some vehicles undergo damage during an accident or a natural calamity and are not suitable for driving. A lot of owners of such cars get rid of them at salvage yards, which undertake repairs and also change the non-functional parts so as to make the vehicle fit for use all over again. But, the law needs such vehicles to be stamped with a salvage title so that anybody who wants to buy this kind of car in the future understands that it had undergone some damage previously. For a car to be called as salvage, the degree of the damage the vehicle suffered has to be equal to 75 percent or more of the vehicle’s valuation. However, this specific amount can vary from one state to another and some states such as New Jersey, Oklahoma, New York, Oregon, New Mexico, Maryland, Georgia, Minnesota, Illinois, Florida and Arizona even award these types of salvage titles to stolen vehicles that were recovered. Points to Consider Salvage cars appear attractive to people who want to procure a vehicle on a tight budget because they are priced much lower than what a new model would cost. However, before you decide on making such a purchase, it is important to consider a few important points. * Although the damaged parts have been replaced with new ones, there is no guarantee of how efficiently the salvaged vehicle will run and for how long. * A used car with a salvage title is not easy to sell in the event that you wish to trade it in for a new car, because the dealers will view it with suspicion. * Check the wording used to describe the nature of the used car being advertised; some salvage yards selling them use terms such as "resalvaged" without clearly saying the car has a salvage title. * Always ask the seller for documentary evidence of the repair work that has been carried out on the car; avoid buying the car if the salvage yards cannot produce this proof. Almost all states require these documents to be submitted for granting a salvage title, so if your seller refuses to show them to you, it may mean that he has not actually received the title. Understanding what is a salvage title is the first step to know how to assess the value of a used car with a salvage title. With this information, you can then find the right way to check the value of such a vehicle. About the Author: 相关的主题文章:

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