Have you ever had a window broken in your house or car? If you have, you know that it is unsafe to be around that area until it gets repaired or replaced. This is similar to a vehicle with a salvage title.
Since 2008, Big Valley Auto Auction has received vehicles with different titles, including salvage.
In this article, you’re going to learn what a salvage title is, what it looks like, and if there are any fees associated with a salvage title.
After reading this article, you’ll have the information needed to understand what a salvage title is.
What is a Salvage Title?
A salvage title is given to a vehicle when there’s been an insurance claim or the vehicle has been totaled in a crash. This type of title states whether a vehicle has been damaged beyond repair, because of an accident, fire, flood, or any instance where it would cost more to fix it than what its original value was.
Salvage titled vehicles are not allowed on the road and cannot be driven until they are rebuilt. Once the vehicle has been rebuilt, there will be a remark on the title that says “Salvage Rebuilt”.
What Does a Salvage Title Look Like?
A salvage title is a pink document that contains the same info as a regular title, such as vehicle identification number (VIN), year, make, and model. However, the insurance company would be listed as the owner.
Is There a Fee For a Salvage Title?
There are no fees associated with receiving a salvage title.
Do I Know What a Salvage Title Is?
If you understand that damaged items cannot be used until they are safely repaired, then you should have a good understanding of what a salvage title is.
Whether this is your first time dealing with titles or you just needed clarification, you can use this article as a reference to help you understand the meaning of a salvage title.
Now that you know what a salvage title is, you can learn more about the other vehicle titles you may come across when buying a vehicle at Big Valley Auto Auction.
