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Old 03-13-2007, 06:21 PM   #1
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Salvage Titles??????

On Ebay I've noticed some Wranglers with a Salvage Title. What exactly is a Salvage Title?
What about buying a Wrangler with one?

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Old 03-13-2007, 06:25 PM   #2
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I think a Salvage Title is for vehicles that have been totaled at some point. Could be wrong though.

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Old 03-13-2007, 06:39 PM   #3
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A Salvage Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle exceeds ~ 75% of its pre-damage value.. This damage threshold may vary by state. Some states treat Junk titles the same as Salvage but the majority use this title to indicate that a vehicle is not road worthy and cannot be titled again in that state. The following ten States also use Salvage titles to identify stolen vehicles - AZ, FL, GA, IL, MD, MN, NJ, NM, NY, OK and OR.
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Old 03-13-2007, 07:28 PM   #4
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Like GoodLife stated a salvage title is issued when the repair costs exceed 75% of it's current value. In CA and many other states the vehicle can and is titled just fine. However the salvage title remains and the vehicle never holds the same value as its non-salvage counterparts regardless whether the entire vehicle is repaired to original specs.

I know people who prefer to buy salvage as you can get great vehicles in great condition at bargain prices. However their resale stinks. So just remember that it will never be worth much and never pay anywhere near full price for it. If I were to consider a trail only vehicle I would actually prefer a salvage title as trail only jeeps are fairly worthless resale wise anyways.
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Old 03-13-2007, 08:48 PM   #5
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Are you sure you guys aren't confusing a Salvage title with an R title?
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Old 03-13-2007, 09:43 PM   #6
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I don't know what an R title is. I pulled my defintion of a salvage title straight from carfax glossary of terms.
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Old 03-13-2007, 09:52 PM   #7
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I'm with GoodLife, IDK what an R title is. In CA we call a "wrecked" vehicle that has been "restored" a Salvage Title. Now that's just the common terms, perhaps legally it's called something else but a friend of mine deals in restoring and selling salvage titles.
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Old 03-13-2007, 10:07 PM   #8
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The guy I bought my jeep from buys jeeps from insurance companies and rebuilds them. They have salvage titles. Some were flooded in Katrina. He had a brand spankin new wrangler on his lot with 5 miles on it. He sold it for about 8 grand less than a new model after replacing all the wiring and carpet and seats. But with a salvage title, you better be willing to drive it till the wheels fall off, because you will never get very much for it when you try to sell or trade.
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Old 03-13-2007, 10:22 PM   #9
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An R title means Reconstructed. If you have a vehicle that gets totaled, and you rebuild it anyway, you get an R title.
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Old 03-13-2007, 10:29 PM   #10
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Almost every jeep on this forum gets an R title for being reconstucted.
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Old 03-13-2007, 10:32 PM   #11
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Most of ours are constructed.

They only become reconstructed after you roll em.
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Old 03-13-2007, 10:35 PM   #12
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Quote:
Originally Posted by Dare2BSquare View Post
Most of ours are constructed.

They only become reconstructed after you roll em.
Would we then get C titles?
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Old 03-13-2007, 10:43 PM   #13
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Most of ours are constructed.

They only become reconstructed after you roll em.
If that is true, then mine is reconstructed.
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Old 03-13-2007, 10:44 PM   #14
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Print em up. We'll make that like having a "trail rated" medalion.
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Old 03-14-2007, 04:42 PM   #15
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My Jeep has a Salvage title. The story is that it was stolen at some point, then it was driven through some deep water and hydraulic-ed (water sucked up into the engine). One piston had been cracked & there was some other internal damage. I say story because I don't have the hard facts myself. I know the guy who had it before me, and how it drove (on & off road) before I got it. I have no problems that I wouldn't expect from buying a 8-9 year old vehicle. The guy I bought it from has 2 other newer salvaged Jeeps.
Like it was stated before, if you want resale value in California, expect about $1500 less for selling a salvaged title vehicle (this number is only what I've seen when I was shopping for one). I planned on keeping this for a long time when I bought it. My son will be old enough to drive it in 5 years, then I'll get another.
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Old 03-14-2007, 04:58 PM   #16
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MOG, I think the term you were looking for was Hydro-Locked.

Other than resale value the only other issue one might have with a Salvage Titled vehicle is that some insurance companies won't insure them. I can't remember a couple of the names off the top of my head, but guys around here have had issues with that at times.
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Old 03-14-2007, 05:14 PM   #17
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I know some insurance companies will total something that another insurance company will fix, when they should be totaled and vice versie. Let me put another question out there. Would you rather buy a Wrangler that had been stolen or just about totaled?
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Old 03-14-2007, 06:03 PM   #18
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Quote:
Originally Posted by jeepluver1956 View Post
I know some insurance companies will total something that another insurance company will fix, when they should be totaled and vice versie. Let me put another question out there. Would you rather buy a Wrangler that had been stolen or just about totaled?
If I was in the market for a Wrangler that I was going to keep a long time and build a trail rig out of it. I would have no problem buying a salvage titled Jeep.
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Old 03-14-2007, 07:05 PM   #19
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MOG, I think the term you were looking for was Hydro-Locked.
Thanks, I knew something was wrong with the word.
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Old 03-15-2007, 11:33 AM   #20
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If I had to choose between stolen and wrecked,I would go with stolen. You can never be too sure about a wrecked one whether the frame have been bent or cracked and not fixed properly. The best way to buy them if you are planning on fixing it up is to buy it still wrecked. At least then you know exactly what will need fixed and can make sure it is fixed correctly. And you won't be paying for new parts that you are going to take off anyway.
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Old 03-15-2007, 05:06 PM   #21
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I can tell you from selling cars for over five years that "book" on a salvage titled vehicle is 50% of a good title. Call your bank or credit union and ask them what they'll loan on a salvage title and ask your insurance company if they'll even insure it.
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Old 03-22-2007, 02:45 PM   #22
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My insurance company will insure it, it'll just cost me $422.80.

Just got the quote today. I'm going to have to "trim" some of that off. I don't need the extra to cover comp. & collision for a salvage title vehicle. $45 for "collision + loss of use" for $45, I'll walk the 5 miles to work for the week it takes to repair it.

I 'm sorry, I like insurance. I know it's the law, and I have to have it. But, I really can't afford to pay THAT much. Let's be reasonable......

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