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Salvage Title?

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Old Jun 14, 2006 | 11:05 AM
  #11  
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Did the insurance company total it out...and at what amount? Seems like 75% or more can be reused. You can get another and rebuild it with the parts. May be cheaper than fixing the entire structure and suspension. Pooh you have it, yea you can get it back. Although, it would suck to know you have to buy it back for more than your settlement. You could have told them "no" and kept it, bought another and moved on. But, if they gave you market value, buy it back for a song...you win. Take the diffrence and deduct from any potential selling price and see how it comes out. You may still win. Example. They give you 7 grand as settlement...you buy it for 2, you are ahead by 5K. So, if you sell it, you have a 5K pad due to "salvage title". and, you are honest, get ALL your money, get to play with it again (always a good thing!) and it all works out. If the math does not add up, move on.
Old Jun 14, 2006 | 12:57 PM
  #12  
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I bought it for $10000. From the insuance I got $15000 for it and they offered it back for $4000 I refused and walked away with $5000. So I let it go to a salvage company and Im going to try to get it back for less than $4000. Does that make any sence. I realy loved my car and I really want it back.
Old Jun 14, 2006 | 01:05 PM
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ORIGINAL: rmodel65

yeah it will hurt the value alot more than a grand or two! but most cars dont have titles so most wouldnt ever know but u gotta be honest if u sell
What do you mean about most cars don't have titles? I have owned a zillion cars, and they all had titles. The three I currently have are titled. When you buy a car, whether it be used or new, you pay for taxes, title and license. Or, is that just Texas?
Old Jun 14, 2006 | 01:22 PM
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Default RE: Salvage Title?


ORIGINAL: Soaring


ORIGINAL: rmodel65

yeah it will hurt the value alot more than a grand or two! but most cars dont have titles so most wouldnt ever know but u gotta be honest if u sell
What do you mean about most cars don't have titles? I have owned a zillion cars, and they all had titles. The three I currently have are titled. When you buy a car, whether it be used or new, you pay for taxes, title and license. Or, is that just Texas?
you can add New Jersey to that list, Glen!

um, where is it you live where car's aren't titled?
Old Jun 14, 2006 | 01:27 PM
  #15  
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In GA, a car of that age is not required to have a title to register it and drive it....it is an option for a 40 yr old vehicle.
Old Jun 14, 2006 | 01:55 PM
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In GA, a car of that age is not required to have a title to register it and drive it....it is an option for a 40 yr old vehicle.
Then how do you prove the car is yours? A bill of sale perhaps?
Old Jun 14, 2006 | 02:02 PM
  #17  
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Default RE: Salvage Title?


ORIGINAL: Soaring


ORIGINAL: 66yella

In GA, a car of that age is not required to have a title to register it and drive it....it is an option for a 40 yr old vehicle.
Then how do you prove the car is yours? A bill of sale perhaps?
well, well, well! i know where i'm getting my next classic, CHEAP!!!![sm=badbadbad.gif]




that really doesn't make a whole lot of sense tho. you really think about it, someone can steal your car really quick. and ownership is 9/10's of the law (or something like that. i forget what exactly the saying is.) here in jersey, as with many other places (i hope) no matter the year, you must have a title to register, insure and plate your vehicle.
Old Jun 14, 2006 | 02:21 PM
  #18  
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Default RE: Salvage Title?

I have never heard of a car without a title.... That's like saying a house without a deed. While you may not have the title in hand, doesn't mean it doesnt exist. It may have become lost in which case you should get a copy from your local Motor Vehicle Deparment. Otherwise...what's to say someone doesn't have an official looking one that shows the car is theirs and basically says "that's my car I want it back'? What are you going to have to prove otherwise?

Title aka pink slip = legal ownership...
Old Jun 14, 2006 | 06:35 PM
  #19  
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The State of Georgia requires the following to be titled:
1986 and newer model motor vehicles are required to be titled.
1963 through 1985 model motor vehicles may be titled only if the owner has a title to support the title application that is either issued in the same name or is properly assigned to the new owner without a break in the chain of ownership.
1962 and older model motor vehicles cannot be titled.
Old Jun 14, 2006 | 06:46 PM
  #20  
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1962 and older model motor vehicles cannot be titled.
Wow! That is some strange stuff. I wonder what went into that kind of thinking? A car is a car no matter how old it is. If it still runs and drives up and down the highway, it has to be taxed, and in order to get plates, ownership has to be proven. How would I prove my 1957 Chevy is really mine? Or do 1962 and older cars not have plates in Georgia?



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