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Salvaged Title Fraud How to Protect Yourself
2013-01-22 18:23:04| AutomotiveDigest.com - Automotive Industry News
A salvaged title means that the vehicle at some point in time has been claimed a total loss by the insurance company (damage exceeded 50-75% of its actual cash value). Depending on the state, recovered stolen vehicles are issued salvaged titles and government agency vehicles are sometimes issued salvaged titles for vehicles that they have used and are now replacing with new vehicles. What should the consumer be aware of? Take the following into consideration: How old is the car? It doesn't take a lot to total a car that is worth $5,000 or less. However, a newer car with a salvaged title could indicate that the car sustained a lot of damage. Continue reading ...
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Category:Automotive