Rick's Free Auto Repair Advice

Posts Tagged: salvage title

Salvage Title

What is a Salvage Title? A vehicle that has a salvage title is one that has been stolen and recovered, involved in an accident or natural disaster where the cost to repair the vehicle is most likely more than the vehicle is worth. The limit varies by state and insurance regulations in each state. But generally, if the cost to repair exceeds 70%-80% of the vehicle’s fair market value, the insurance company will pay the owner the market value of the vehicle and sell the damaged vehicle at a car … Read More

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