I wonder if owner settled for payout does that automatically mean a salvage title?
Wrecked Cuda
- Thread starter andysauto1
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missing linc
Loose nut behind the wheel
I'm not familiar with Ontario regulations, but Manitoba and I believe Alberta both will automatically brand it as salvage if the insurance company considers it a total loss, but is that the same thing if the owner takes a payout?
Insurance companies share information
most states in the US do to
Who cares if it will have a rebuilt title if your buying it for yourself to enjoy. Nobody puts a big red stamp on the side of the car that says salvage
missing linc
Loose nut behind the wheel
True, but it will affect what it can be valued at in the future, or insured for.
Anybody notice that it hit the rail so hard it tweaked the quarter on the other side. That thing is going to need some hours on the frame table before ANY cosmetic work begins!
There's some nice hardware there though...
There's some nice hardware there though...
Salvage title in Ontario is no big deal. Fix it up, get it safetied, take the paperwork in and the MTO will give you a repaired registration and plates.
Phreakish
Well-Known Member
I think some people are confused as to what the "retail value" means. That's not what they expect to sell it for.
Their definition:
Retail refers to the estimated Retail value of the vehicle as submitted to Copart by the seller, displayed as "Est. Retail Value" on the Lot Details Page. This value represents the price prior to any damage and is provided for informational purposes only. Its accuracy is not guaranteed, and Copart does not make representations regarding its validity. Retail automobile values can also be checked using sources like Kelley Blue Book.
Their definition:
Retail refers to the estimated Retail value of the vehicle as submitted to Copart by the seller, displayed as "Est. Retail Value" on the Lot Details Page. This value represents the price prior to any damage and is provided for informational purposes only. Its accuracy is not guaranteed, and Copart does not make representations regarding its validity. Retail automobile values can also be checked using sources like Kelley Blue Book.
Let's face it, probably a lot of cars on here would have been marked as salvage before they where rebuilt by us. Just the insurance companies never got involved is the reason they weren't.
It will diminish the value though . Barn finds no matter the condition come with a clean title usually. I was in the car biz for 35 yrs and the term “Salvage “ freaks people out . Even if it was some innocuous reason for being totaled. Human nature…
True , but why not buy this and drop a 440-6 in it ?
For Sale: 1970 Plymouth Cuda in Calverton, New York
A few years back I was rebuilding 4 wheel drive pickups. Had to take 10 or 15 percent less then retail, but mostly farmers wanted them to work the farm. They knew they were going to be beat to death by the time they were done with them anyway
That's what I'm wondering, does insurance ownership = branded/salvage titles?
Does it show up as "repaired" on the title?
If you look at your current registration, it will say "Brand - None" on it. Once you repair and safety a salvage vehicle you will get a "Brand - Rebuilt" on the registration.
Mandatory Vehicle Branding Program
70SwingerGuy
Long Haired Freaky Person
I got a kick out of that ad, almost 90K for that car, and only 11 crappy pics of the exterior, none at all of interior, motor, trunk undercarriage, nothing, even after they said this "We offer Professional Photography, HD Movies, and Staging that Sells Cars. Let us showcase and sell your specialty car."
missing linc
Loose nut behind the wheel
When I clicked on it, an ad for a 70 Challenger convertible came up.I got a kick out of that ad, almost 90K for that car, and only 11 crappy pics of the exterior, none at all of interior, motor, trunk undercarriage, nothing, even after they said this "We offer Professional Photography, HD Movies, and Staging that Sells Cars. Let us showcase and sell your specialty car."
I can't speak to other states/provinces, but generally, if the insurance company says it's totalled it's automatically a salvage title if You or somebody else purchases it from the insurer. This is one of the biggest rackets IMO that has gone on for decades now. They used to get away with paying You less if You decided not to repair it or do it Yourself, but We have laws now that finally deep-sixed that BS, but they'll seize the vehicle totalling it & auction it w/o Your permission or knowledge if You're hospitalized....even when it is full of personal/business items & property. Bunch of greedy F'ks, a Friend I've known from the start of HS(that's 45yrs now!!!!!) had it happen to Him,....took it & sent it to the f'n auction lot w/o so much as a word, some of the power tools & equipment were gone, His business files & other account info were thrown in the bed, covered with snow & rained on......WHEN He finally tracked down where it went, luckily He was physically able to, ignorant greedy bunch of POS's is all I can say about it..........
EDIT; in PA We have to get a reconstructed title once the vehicle is repaired & inspected by one of the few insp. stations certified to approve it as properly restored to safe & roadworthy.
Jim
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I got a kick out of that ad, almost 90K for that car, and only 11 crappy pics of the exterior, none at all of interior, motor, trunk undercarriage, nothing, even after they said this "We offer Professional Photography, HD Movies, and Staging that Sells Cars. Let us showcase and sell your specialty car."
I picked a car at random …probably better cars out there . Point is that you could find a whole car and drop a 440-6 in it . But as was mentioned in a previous post it will most likely sell for less.
rebelcaptain
Well-Known Member
No buy back???
Beep Beep Dave
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Some of you are reading the auction wrong....the $70k is the estimated market value before the collision.
The $44k is the estimate to do the repair.
The final auction price hasn't been determined yet.
I am surprise nobody mentioned how thick the bondo was on top of the passenger quarter.
Dave
The $44k is the estimate to do the repair.
The final auction price hasn't been determined yet.
I am surprise nobody mentioned how thick the bondo was on top of the passenger quarter.
Dave
I have a audi q7 here now
Needs 2 wheels and a lower control arm no body work car is worth about 25k
It went to copart took her a month to get it back all her stuff is gone the fn insurance company I guess didn't want to pay storage
Driver from copart said they fired 3 drivers because they were stealing stuff from customers cars
I wrote it up for 7k still not even close to total
MILO
Well-Known Member
Not close to total but ins co will make a profit form the resale auction
Think that was the plan
Poor lady without a car for a month
Poor lady without a car for a month
Hagerty doesn't let you Buy-Back???Yea, they say once you file a claim at Haggerty, you never go back.
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