SALVAGE TITLE INFORMATION
SALVAGE TITLE – THE BASICS
Salvage vehicle means a motor vehicle that at any time has been declared a total loss vehicle, flood-damaged vehicle, non-repairable vehicle or had “salvage” or a similar word or designation placed on any title issued for the vehicle. If your car has been recently totaled or declared a salvage vehicle and your trying to salvage as much money as you can from the car, fill out our online vehicle form and get the highest bid possible from us today! It is a fast and simple process to get cash for your car, truck, or SUV. If you have any car that falls in the category of salvage vehicle and you want to sell it then our company is the right choice for you because there is a huge demand for Foreign Car Parts people are always ready to pay for salvage BMW parts so you can earn good money from your vehicle.
Total Loss – A vehicle that has been damaged to the extent that the estimated cost of repair, not including the cost associated with painting any part of the vehicle, would exceed 65 percent of the fair market value of the vehicle immediately before the damage was incurred. Vehicles with less than 65 percent damage are not considered salvage vehicles.
Flood Damaged – A vehicle that has been submerged in water to a point that the level of the water is higher than the door sill of the vehicle and the water has entered the passenger, trunk or engine compartment of the vehicle and has come into contact with the electrical system of the vehicle; or a vehicle that is part of a total loss settlement resulting from water damage.
Non-Repairable – A vehicle, other than an abandoned vehicle, that has value only as a source of parts and scraps metal, or has been designated by its owner for dismantling, or has been stripped of all body panels, doors, lights, etc., or has been burned or destroyed beyond a restorable condition.
