Wrecked Car Damaged Vehicle Blog

What a Salvage Title Means

Joseph Coupal - Tuesday, April 16, 2013

Before you buy your total loss vehicle back from your insurance company, there are 3 things you need to think about:

  1. Factory Warranty – a salvage title voids the balance of your factory warranty. We can prove it because we were just denied warranty assistance by Nissan North America on a 50,000 mile vehicle. Why? This is what we were told "because you don’t really know the extent of the damage (hidden damage) that can severely impact interrelated systems (wiring)."
  2. Limited Insurance coverage - you can't get comprehensive insurance coverage – you are eligible for liability only in most states (if you are lucky, some carriers won't touch a salvage title vehicle). This is important, because when you wreck your salvage title vehicle you will be selling it "as-is" or making repairs "out of pocket"
  3. Vehicle History - you have a derogatory title brand & stigma history on your vehicle – this means your vehicle is worth 40-50% of the retail value "at best" if the repairs were done in a quality manner.

Before you buy your total loss back from your insurance carrier, consider these things carefully. There is a reason your insurance company is totaling the vehicle so ask yourself do I want this risk? Do I really know how badly the vehicle is damaged? Are the frame and various substructures intact ? How will it perform in the "next crash" if there is one?

DamageMAX specializes in Damaged, Inoperable and problem vehicles. We buy salvage title vehicles and remarket them to the right audience of buyers that will use them for parts, export and recycle the metal.

Experience the DamageMAX Difference and call (888) 629-2137 or visit DamageMAX for a free, no obligation quote.

You have a lot to lose by not calling us!


Recent Posts


Tags


Archive



GET A MORE PRECISE OFFER

Does your car have body damage ?

Number of airbags blown?

Do you have a collision estimate?

What is your insurance deductible?

Is your car drivable?

Do you have the car’s title?

Does the vehicle have a salvage or rebuilt title?

Does the vehicle motor run?

YOUR CASH OFFER!

CASH OFFER FOR YOUR
DAMAGED VEHICLE

$
Fair market value prior to accident $


Sell my damaged vehicle
Check for my vehicle AS-IS

This represents a cash offer for the vehicle as described by the seller.

$
Net Repair Check

Proceeds for repairs that can be used for purchasing a replacement vehicle.

$
Deductible Payment

Amount you save if you sell the car now

$
Cash Toward a New Vehicle
$
Out of Pocket Expenses
($0)