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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 your insurance company decides your car needs a salvage title, your vehicle may be unsafe or difficult to keep due to damage or little financial value.
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.
A salvage title car is a car that has been declared a total loss by an insurance company. To be declared a total loss, the vehicle must be damaged to the point that the cost of repairs would be ...
Some auction locations inspect and prepare the cars for sale if the listing dealer so chooses (at a premium). More extensive reconditioning is also available. Many auctions offer (for a fee) post-sale inspections for qualifying vehicles that can determine mechanical or frame damage issues and allow the buying dealer a window of opportunity to ...
Vehicles with a salvage title cannot be registered until repairs are made and they pass a state inspection, at which point they receive a “rebuilt” or “reconstructed” title. Always check ...
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