To check the title of a salvage vehicle, locate the vehicle's VIN (Vehicle Identification Number) on the interior dash of driver's side, go to the National Insurance Crime Bureau's website and enter the number where prompted. This shows if the salvage title is legitimate or if the car is stolen.Continue Reading
Registration and legal use for salvaged vehicles varies according to state. Some states require an auto repair shop to certify a vehicle before it can be licensed. Other states require a police offer to inspect it. It is important to check with a local Department of Motor Vehicles before attempting to use a salvaged vehicle.
Even if a salvaged vehicle is completely restored, it is still going to have a salvage title, which is going to affect the vehicle's resale value. On average, a fully refurbished vehicle is worth approximately 60 percent of the same vehicle with a standard title.
In addition to checking the salvage title before purchasing a vehicle, it is a good idea to have it inspected by an expert that is not associated with the seller. This allows the buyer to decide if potentially expensive repairs are worth the salvage discount. This may also provide bargaining power, as specific flaws can reduce value price.Learn more about Buying & Selling