What is the definition of a salvaged vehicle?
As one person’s tragedy is another’s opportunity, so might salvage-titled cars be some of the best deals on the planet. Though some of these vehicles are in fact damaged beyond repair, many are simply the victims of underwriters’ paranoia.DefinitionA salvage-titled vehicle is one that has been determined by an insurance company as having sustained damage that would cost more than 70 percent of the vehicle’s total value to repair.Totaling and SalvageOften (but not always) a salvage-titled car is one that has been “totaled” out and written off by an insurance company.RecyclingMost salvage-titled cars wind up in junkyards, where they are stripped of valuable parts and crushed.Re-SellingOften, dealers will purchase totaled cars at an auction and repair them for sale.
