Stop in for a cup of coffee

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Mattax said:
It's not salvage yet. You still hold a clean title. If they value it higher and negotiate a deal I don't see why it has to change title. You wouldn't get as much money because they don't get the car for scrap. Still might be worth it.
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I was pushing them to do that. Very much doubt it will happen. Found out the current standard to total a vehicle is 70% damage. Agent agreed that is way to low and they are junking far to many vehicles.
 
Good morning folks. Having a hard time catching up this morning. I picked up a pop up this morning and am doing a scan on my laptop.
 
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Good morning. I don't recall all the rules and regulations crap they tried to explain about salvage titles. Just that it was either or situation. If they can't pay more than its worth to fix it, they total it and it must get the salvage designation on its title. Getting that designation removed varies from state to state. Cannot be done in South Carolina.
 

RedFish said:
Good morning. I don't recall all the rules and regulations crap they tried to explain about salvage titles. Just that it was either or situation. If they can't pay more than its worth to fix it, they total it and it must get the salvage designation on its title. Getting that designation removed varies from state to state. Cannot be done in South Carolina.
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Those salvage titles must muck things up further down the line, or they wouldn't mess with them. Probably gives the insurance company some sort of monetary advantage over the car owner. That's just how insurance companies roll and there must be extra dollars in it for the state coffers also.
 
Unconventional said:
Those salvage titles must muck things up further down the line, or they wouldn't mess with them. Probably gives the insurance company some sort of monetary advantage over the car owner. That's just how insurance companies roll and there must be extra dollars in it for the state coffers also.
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I think it is mostly consumer protection. when I was kid, My uncle would buy wrecked Corvettes to rebuild, some so bad he would load them in a truck with a shovel. LOL
Next owner had no clue.
 
halifaxhops said:
Morning, again! Every old person needs at least one nap each morning1
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5433BDA1-515D-4934-B992-3C2C9DFEA4F4.jpeg
 
Bringing in frozen stuff in -40 sucks. This is going to take for ever to warm up.
Snowmobile trailer that needs work.
 
RedFish said:
I don't recall all the rules and regulations crap they tried to explain about salvage titles. Just that it was either or situation. If they can't pay more than its worth to fix it, they total it and it must get the salvage designation on its title. Getting that designation removed varies from state to state.
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Correct. It is a bit of a process... I was told that in PA I need to pass a special inspection and they will obtain a reconstructed title for me. I think the inspection is $100, not sure if additional for state paperwork or if that is included. So after I fix it, Could be an additional 1-3 months till it is road legal.:mad:
 
Unconventional said:
Those salvage titles must muck things up further down the line, or they wouldn't mess with them. Probably gives the insurance company some sort of monetary advantage over the car owner. That's just how insurance companies roll and there must be extra dollars in it for the state coffers also.
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I'm sure it cuts into the value. At very least makes it a harder sell. I really don't care about that. If I fix it l, I plan to drive it. If I art out or sell as parts car the salvage cert makes no diff. Either way not worried about value. Don't know if I would even put collision ins on it again.
 
Can't be too big of value cut though. Lots of cars are bought at auction, fixed and flipped. It's stuff like flood cars that I would stay away from.
in PA, you get an 'R' title. (reconstructed)
 
zkx14 said:
I'm sure it cuts into the value. At very least makes it a harder sell. I really don't care about that. If I fix it l, I plan to drive it. If I art out or sell as parts car the salvage cert makes no diff. Either way not worried about value. Don't know if I would even put collision ins on it again.
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Yep Ours was a 93 Lebarron vert' . Didn't carry collision coverage on it either. That would be silly in my opinion. What its title showed made no difference it how it served us for several years. Next owner got a good deal on it after a short test drive. Their knowing of the salvage designation didn't prevent resell.
 
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