Should I be concerned about a salvage title?
3 Answers
If the vehicle is not that old, yes! If it's an older model, not so much. A salvage title is issued when a vehicle is damaged to the point the insurance company decides it's not worth as much to fix it than what it's worth. On a vehicle that's fairly new, that means a lot of damage! But on an older model it could just mean a fender bender. If the vehicle currently has a salvage title you'll need to have it repaired and then inspected by your State. When it passes inspection a rebuilt title is issued and you can register the vehicle to use it. A salvage title history decreases the value significantly because most people are afraid of a vehicle that's been wrecked. Hope that helps! Jim
Just back away, turn around and RUN.
Huge thank you to all of the perspectives and insight. Based on this and some further research, I am confident in the next steps with repairing or scrapping my salvage titled car.