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What a Salvage Title Means

Joseph Coupal - Tuesday, April 16, 2013

Before you buy your total loss vehicle back from your insurance company, there are 3 things you need to think about:

  1. Factory Warranty – a salvage title voids the balance of your factory warranty. We can prove it because we were just denied warranty assistance by Nissan North America on a 50,000 mile vehicle. Why? This is what we were told "because you don’t really know the extent of the damage (hidden damage) that can severely impact interrelated systems (wiring)."
  2. Limited Insurance coverage - you can't get comprehensive insurance coverage – you are eligible for liability only in most states (if you are lucky, some carriers won't touch a salvage title vehicle). This is important, because when you wreck your salvage title vehicle you will be selling it "as-is" or making repairs "out of pocket"
  3. Vehicle History - you have a derogatory title brand & stigma history on your vehicle – this means your vehicle is worth 40-50% of the retail value "at best" if the repairs were done in a quality manner.

Before you buy your total loss back from your insurance carrier, consider these things carefully. There is a reason your insurance company is totaling the vehicle so ask yourself do I want this risk? Do I really know how badly the vehicle is damaged? Are the frame and various substructures intact ? How will it perform in the "next crash" if there is one?

DamageMAX specializes in Damaged, Inoperable and problem vehicles. We buy salvage title vehicles and remarket them to the right audience of buyers that will use them for parts, export and recycle the metal.

Experience the DamageMAX Difference and call (888) 629-2137 or visit DamageMAX for a free, no obligation quote.

You have a lot to lose by not calling us!


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