Saturday, July 10, 2010

Oregon cars for sale with a Salvage Title?

Many cars in Oregon are for sale with ';Salvage Title';. What does this mean? Can I drive it, license it, insure it? Oregon cars for sale with a Salvage Title?
A salvage title means the car was damaged beyond what it's worth. it would cost too much to fix. That means even though it was rebuilt to run again, it will never run the same. You'll have problems all the while you own it. And not just minor things. You could have engine, transmission, steering and suspension problems forever. And you'll have a very hard time selling it because most people won't go near a salvaged car.





And you should check with your insurance company because most of them now won't cover salvaged cars anymore. There's far too much liability with them and they don't need the headache and ulcers they cause. Oregon cars for sale with a Salvage Title?
A salvage title car for sale in the state of Oregon may've been a car brought from another state, the owner may've applied for a salvage title from Oregon after the car was rebuilt. Is the car being sold as wrecked or has it been rebuilt? If it's the latter make sure it was rebuilt by a reputable mechanic. It may be best to go to your local DMV and have them do an inspection with the VIN # to find out the history of the vehicle.


Also, many times you will find salvage titles for sale being sold as is, meaning you can purchase it and have it rebuilt yourself or they're selling it as is for parts, meaning you can use the good parts from the vehicle to rebuild another car (or truck).


If you know what you're doing you can get a really good deal with salvage cars. I would not recommend purchase a car that has had flood damage as it will have electrical issues and rust problems.


I personally own a rebuilt salvage title car, I've had it for over 7 years now and it's been a great vehicle. I purchased it from a man who buys salvage titles at auction and rebuilds them so they are legal again. This car had some body damage on the side of it, he repaired it so it looked and drove new again.


Keep in mind a salvage title car doesn't mean it's worthless, it only means the insurance company didn't feel it was worth it to repair so they claim it as a total loss. They usually base this on what the market value of the car is and if the cost to repair it is too much then they'll salvage it rather than pay the repairs.


If you're thinking of purchasing a salvage title car that has been rebuilt, find out the history of the car. Check with your insurance company before buying to make sure it's ok. Mine didn't have a problem (Grange ins.) Also keep in mind the resale value is far less then a car with a clean title so if you're going to buy one plan to drive it til it's dead.


hope this helps :)
%26gt; What does this mean?


It means that at one time, an insurance company declared the vehicle as totalled.





%26gt; Can I drive it, license it, insure it?


Yes to all three, but you'll need the paperwork showing that it's been ';revived.'; In California, that's three p-i-t-b inspections it needs to pass.





...and then, since you may not know why it's ';salvaged'; it might turn out to be a lemon. You should probably avoid these vehicles.






Best thing to do is call your State DMV dep.





But What I know. Salvage mark on Title is showing that car was in accident and reported to DMV. So if car fixed you can drive it and License it and Insure it no problem.


Only thing you can not get loan for Salvage Title cars.





Hope it helps you

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