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Laws vary from state to state, but there are a few things you need to know about owning a car that has a salvage title. To understand the status of your car, you need to know what a car salvage ...
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
In the state of Michigan, the issuance of a salvage title does not mean that the vehicle is also deemed a total loss. [6] Michigan issues a salvage title when the damage equals 75-90% of the pre-damage value; if the loss is 91% or greater the vehicle is eligible only for a "scrap" title, which cannot be subsequently upgraded by any means.
The title branding programs typically have two objectives: A deterrent to auto theft: If a vehicle is a complete loss due to an accident, its serial number (VIN, Vehicle identification number) and registration documents could still be of potential value to persons dealing in stolen cars.
You can dial *FHP (*347) on your phone to get in touch with the Florida Highway Patrol. You can also report a hit-and-run anonymously by calling the Florida Crime Stoppers at **TIPS (**8477).
Understanding Florida’s car insurance laws may help you select the appropriate coverage level for your vehicle and circumstances. Over 20 percent of drivers in Florida are estimated to be uninsured.
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