Search results
Results from the WOW.Com Content Network
Some jurisdictions require that rebuilt vehicles imported across provincial or state lines be reinspected before being allowed to retain the rebuilt title. Salvage: Severely damaged vehicle total loss: A vehicle that can be repaired but which would cost more than some predefined amount (often 75–100% of the car's value) to repair.
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.
If you're short on cash or aren't able to get an auto loan, you may find that buying a car with a salvage title is a fantastic deal, so long as you know why the car has this title and that it's ...
A title with a lienholder refers to a bank or lender who holds the car's title. If you buy a car with a car loan, the lender holds the car title until you pay off the loan.
A car title loan, or “pink slip loan,” allows you to borrow anywhere from 25 percent to 50 percent of the value of your vehicle in exchange for giving the lender the title to your vehicle as ...
For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...
For premium support please call: 800-290-4726 more ways to reach us