My car was stolen from me and recovered with no damage except for a completely destroyed interior. Everything from the seats, carpet, dash, etc. needed to be replaced by the insurance company. The cost to do this exceeded that of the car so they in turn totaled it. I decided to by the car back and fix it up on my own. Sounded like a great idea at the time. But now 6 months down the road I want a new car and need to sell this one. This car now has a "rebuilt" title due to the insurance company totaling it and I am finding it very hard to sell because no one will even look at it because it says "salvage." Now I do not want to fraud anyone in any shape, way or form and plan on disclosing the cars history to every potential buyer. I just merely want the title to appear clear so people will at least take a look at a car that has been well taken car of, runs great, never been in a crash and get a reasonable amount for it. Note: title was clear before it was stolen.
2007-06-23 17:19:58 · 5 answers · asked by mark s 1 in Cars & Transportation ➔ Insurance & Registration
Once a car is declared insurance destroyed, and a salvage/rebuilt brand is placed on the title, it will always be a salvage/rebuilt car. Never can it be a clean title again. Salvage cars have far less value, even though you spend alot to get them back in shape and road worthy. The inspection done is for just that, roadworthiness, nothing else. Legally, you must disclose the salvage title to a potential buyer. Unfortunately, this is an expensive lesson to learn, eventually you'll find a buyer, but it's gonna take some time, and a buyer that isn't knowledgeable about salvage value.
2007-06-24 17:00:11 · answer #1 · answered by fisherwoman 6 · 0⤊ 0⤋
Once a "salvage", always a "salvage". The best you can hope for is to prove why it was salvaged in the first place. Copies of the insurance claim and the receipts for the parts used to repair it should do fairly well.
Sadly this will only help you with the next buyer. They will inherit the salvage title and all of the negative connotation that goes with it so it's not likely that you'll get much movement on price.
2007-06-24 06:33:19 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Once a salvage title is issued, it remains with the vehicle for the life of the vehicle. It has a rebuilt title because it was rebuilt, and by the wording of your question I assume you did the rebuilding.
You say you don't want to defraud anyone, but changing a salvage title to a clear title would be doing just that.
2007-06-23 19:15:11 · answer #3 · answered by oklatom 7 · 1⤊ 1⤋
sorry. once salvage- always salvage. didnt they explain this to you when you accepted the offer to keep the car? I think its a horrible idea when people do that...
Best bet is to just explain to potential buyers why it has that title- they should be happy they get a new interior!
2007-06-24 02:18:16 · answer #4 · answered by Anonymous · 2⤊ 0⤋
Was wondering the same thing
2016-08-24 06:41:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋