how much does a salvage title take of the value of a car?

Question

i am trying to sell my car and it has a salvage title on it and i know how much i want to sell it for and how much the blue book says i can sell it for but i dont know how much the salvage title will nock of the price

Answer 1

Depending on the vehicle, salvage history will usually take anywhere from 10% to 50% off of the value, compared to a non salvage car. There are many reasons why a car could be branded salvage, and the reason that the car has been branded will effect the value loss.

For example, a car that was seriously wrecked, and rebuilt, is worth less than a car that was stolen and recovered after the insurance company had paid the claim. Both may be branded salvage, but one had a lot more damage than the other!!

Answer 2

Salvage Car Value

Answer 3

Salvage Value Of Car

Answer 4

There is no set percent off, it depends upon a few things:
1. Salvage titles are hard to sell and have a LOT fewer buyers
2. Depends upon the amount of damage & if you have PROOF of the repaired damage, such as photos and receipts for repairs.
3. Were the repairs done in someones back yard or in a shop.
4. Was it repainted due to damage, is the paint over sprayed on the wrong parts.
5. How much in demand is that particular vehicle & how available are they.
6. Is the title clear other than the "Salvage"

Most people don't sell "Good" cars, there is a reason why the the top rated cars have very few if any used for sale.

Bottom line, Advertise that it has a salvage title put the price down as low end of book and take offers and phone #'s. Who ever gives you the best offer is the price it is worth in your area.
"Willing buyer & Willing Seller".

I personally almost would not purchase any salvage title unless I planned on keeping it for a very long time and could get written proof that the vehicle was not seriously damaged.

Answer 5

In some states a salvage title means the car is totaled and can not be registered or insured ever again, it can be used for parts only. Some states have a 'junk" title that means that, and salvage means it has been rebuild with used parts, inspected and found to be road worthy. Yes, in either case the salvage title will scare away potential buyers and reduce the worth of the vehicle. If you get a salvage title on a vehicle, your best bet it to drive it until the wheels fall off, and then junk it.

Answer 6

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Answer 7

Depends on the year of the car. As a rule of thumb, I typically knock 20% off the value of a motorcycle for salvage title.

You may consider taking it apart and selling it piece-by-piece on E-Bay if you have the time. I make a killing on bike parts this way because most people are weary of buying something that has been in a wreck but not about used parts.

Answer 8

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The first offer any insurance company makes is never their best offer. A lot depends on how well and to what extent your van was restored. If they start playing hard ball and won't budge on price, tell them you will get a lawyer and your neck has been aching, also. You should see a doctor after an accident this severe to insure that you don't have problems that will pop up in the future. I rebuild salvage cars (sometimes). It always pays to take photos of a vehicle before and after restoration.

Answer 9

If the car runs well, and looks reasonable for its age and location
the salvage title only means that it was pulled from the junk heap and repaired.
For the general population, I think that it might scare away potential buyers,
For me, I don't care as long as it runs good, and no bailing wire on the tranny...
When you are discussing the car with potential buyers, be up front with that piece of information not lagging untill the buyer is ready to sign.

Answer 10

Here's a test: your car is on a dealer lot next to an IDENTICAL one, same options, color, mileage and condition. Which one would YOU buy? The one with or without the 'salvage' title? Market value is only what someone is willing to pay for it, you may have to bottom-out the price in order to move it.