Let's talk salvage titles if we may |
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Let's talk salvage titles if we may |
larryM |
Nov 24 2018, 08:44 PM
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#21
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emoze Group: Members Posts: 891 Joined: 1-January 03 From: mid- California Member No.: 65 Region Association: Northern California |
those restoration guys are not getting salvage titles - here in CA & some-or-many other places - one can get a "new registration" on a car long "out of the system" - all you need is a VIN tag & something to attach it to
many threads on this topic - see the recent advert for the -6 conversion in the classifieds for example the older the car and the more restoration work it has had the less the salvage title means. Those Italians are rebuilding 356 speedsters from a serial number and a rusted cowl |
Unobtanium-inc |
Nov 24 2018, 09:05 PM
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#22
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Advanced Member Group: Members Posts: 2,215 Joined: 29-November 06 From: New York Member No.: 7,276 Region Association: None |
Ok a couple of things that are getting crossed here if you aren't familiar with salvage. There are essentially three kinds of situations when someone says a car has a salvage title.... That may be true for NY, but if you check 50 states for their "salvage" laws and definitions, you'll probably get 53 different answers (IMG:style_emoticons/default/confused24.gif) All the more reason to know exactly what you're buying and what your state will make you do to put it on the road. For example, KY is known as the "wash your title" state. If you can sell a salvage title car to someone there and have them sell it back, the title will be a clean title, they have no provision for salvage, at least they didn't 10 years ago, I knew a guy who did this all the time. Life is too short for me to cut such corners, but this guy and his cousin in KY had no such qualms. |
IronHillRestorations |
Nov 25 2018, 11:26 AM
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#23
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I. I. R. C. Group: Members Posts: 6,731 Joined: 18-March 03 From: West TN Member No.: 439 Region Association: None |
A rebuilt or salvage title is another way for insurance companies not to pay twice for a car that they have paid for.
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worn |
Nov 25 2018, 01:09 PM
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#24
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can't remember Group: Members Posts: 3,164 Joined: 3-June 11 From: Madison, WI Member No.: 13,152 Region Association: Upper MidWest |
I am in awe reading about the thought of making money on the resale of a 914. I mean a regular 914 like most of us have. The way I buy cars I am upside down on the purchase before the ink is dry on the check.
Being able to drive with liability insurance is another story. |
FlacaProductions |
Nov 25 2018, 01:53 PM
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#25
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Senior Member Group: Members Posts: 1,618 Joined: 24-November 17 From: LA Member No.: 21,628 Region Association: Southern California |
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Tdskip |
Nov 25 2018, 03:51 PM
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#26
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Advanced Member Group: Members Posts: 3,686 Joined: 1-December 17 From: soCal Member No.: 21,666 Region Association: None |
What a great discussion gentlemen.
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