I have owned cars with both salvage and rebuilt titles. Different states treat the terms differently, so you have to be careful.
The real problem is trying to insure a car with a salvage title. Some insurers won't touch them, as they consider the car a total loss and without value. Others will insure them, but only for the personal injury/liability parts. No collision or comp. A car with a rebuilt title should be treated as a "regular" car, but again different insurers treat these differently. My 1997 SL500 has a rebuilt title. It was totaled and rebuilt by the PO. It had to be thoroughly inspected by the State and given a permit of roadworthiness before it could be titled and registered. It is insured no differently than any regular car, with collision and comprehensive insurance. Buying with a salvage title can save you a boatload of money if you know the provenance of the vehicle. In the case of my former S500 coupe I bought from Tarek, the car had a salvage title because a mom in a Land Rover clipped his right front fender. He got an estimate from the local dealer for the repairs and his insurer wanted to write the car off. He let them, bought the car back, took the money and had it repaired elsewhere for a lot less money. So now the car is perfectly fine, yet it has a salvage title. That diminishes value significantly, which is the reason why an insurer won't typically cover a car with a salvage title. An aside: when I brought the S500 into Florida, they presented a title with nothing indicating the car was a former salvage title from another state. I asked why and was told that it didn't matter to them as the VIN was in the national database for totaled/salvage vehicles. So I could have sold it and not disclosed that it was a salvage vehicle if the buyer didn't ask. If they didn't look at the national database they wouldn't have known either... -D > On May 10, 2017, at 10:57 AM, Andrew Strasfogel via Mercedes > <mercedes@okiebenz.com> wrote: > > Diesels are HOT again, just like back in the 70s. > > What do you do with a salvage title? > > On Wed, May 10, 2017 at 10:26 AM, Floyd Thursby via Mercedes < > mercedes@okiebenz.com> wrote: > >> https://greenville.craigslist.org/cto/6105054004.html >> >> https://greenville.craigslist.org/cto/6113071176.html >> >> >> -- >> --FT >> Winston Churchill: >> “Never give in--never, never, never, never, in nothing great or small, >> large or petty, >> never give in except to convictions of honor and good sense. >> Never yield to force; never yield to the apparently overwhelming might of >> the enemy.” >> >> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> >> > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
