In North America, a salvage title is a form of vehicle title branding, which notes that the vehicle has been damaged and/or deemed a total loss by an insurance company that paid a claim on it.
The criteria for determining when a salvage title is issued differ considerably by each state, province or territory.
Is it worth buying a car with a salvage title?
While it is possible to finance and insure vehicles with salvage or otherwise branded titles, it can be difficult and expensive to do so. Vehicles with salvage titles typically have no Blue Book value, so demonstrating to your lender the worth of the vehicle is more difficult than it is on a normal car.
How does a car become Salvage in California?
Answer: According to California car insurance law, salvaged vehicles in California have their title marked with a “salvaged” brand. In California, this means that the vehicle was involved in an accident or incurred considerable damage from another source, such as a flood or vandalism.
Are salvaged cars bad?
Older model vehicles might have lost market value to the point that they’re totaled even if they require only small repairs. Cars recovered after being stolen might receive a salvage title without ever having been in an accident. “When cars are stolen, the bad guys are often only looking for parts.
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