Idk about your state, but last I heard of in IL, no plates for salvage title, has to be inspected and certified and moved up to a rebuilt title. Then it will carry rebuilt on the title forever. I wouldn't be scared of a vehicle with a rebuilt title, I look all vehicles over as best I can before purchase.
I did this recently in Kansas. A salvage title is just like any other title with a few exceptions:
1. Many insurance companies will not give you theft or collision coverage due to the salvage title. Check around if that is what you want.
2. Does it actually have a salvage title yet? Is it licensed and driven? There are some differences in what is called a salvage title.
A. If you are the first owner after a salvage event, then your
State may require an inspection prior to putting it back on the
street.
B. If it has already been titled, licensed and driven as a salvage
Vehicle, then it may be just like buying a regular vehicle.
3. Having a salvage title certainly lowers the value of the vehicle, maybe 30-50%. I have no experience with classic vehicle salvage titles, but I would expect the same. Keep that in mind when you are buying if you are concerned about resale.
Every state has its own terminology on what they call salvage type titles and cars.
Many states, like Kansas, have rules for vehicles from out of state. You need to figure those out for your state.
Make sure you get the VIN verified before you buy. In Kansas they will look at body stampings, engine and transmission VINs if present to look for stolen parts.
I think buying salvage cars can be a great deal ( my purchase was), but check everything out well.
I did this recently in Kansas. A salvage title is just like any other title with a few exceptions:
1. Many insurance companies will not give you theft or collision coverage due to the salvage title. Check around if that is what you want.
2. Does it actually have a salvage title yet? Is it licensed and driven? There are some differences in what is called a salvage title.
A. If you are the first owner after a salvage event, then your
State may require an inspection prior to putting it back on the
street.
B. If it has already been titled, licensed and driven as a salvage
Vehicle, then it may be just like buying a regular vehicle.
3. Having a salvage title certainly lowers the value of the vehicle, maybe 30-50%. I have no experience with classic vehicle salvage titles, but I would expect the same. Keep that in mind when you are buying if you are concerned about resale.
Every state has its own terminology on what they call salvage type titles and cars.
Many states, like Kansas, have rules for vehicles from out of state. You need to figure those out for your state.
Make sure you get the VIN verified before you buy. In Kansas they will look at body stampings, engine and transmission VINs if present to look for stolen parts.
I think buying salvage cars can be a great deal ( my purchase was), but check everything out well.
