Monday, July 25, 2011

Salvaged Titles

According to New York state motor vehicle regulations, when a vehicle is in an accident, has significant damage from water or vandalism, or is stolen, car insurers consider it salvaged when the price of repairs exceed seventy-five percent of that of the market value of that vehicle. For instance, if a person owns a 2002 Acura TL that is valued at $15,000 and the cost of repairs after an accident exceeds $11,250.00, insurers will deem the title of that vehicle to be salvaged. That is, the vehicle is not worth repairing and is not considered safe to drive.

When a vehicle has a salvaged title, it becomes almost worthless. It is very difficult to sell, and it becomes a burden for the owner. The vehicle, however, is not totally worthless. A vehicle with a salvaged title can be junked for its weight and parts, and the owner can earn some cash by selling it to junk car removal services. Often at times, the owner of a junk car can earn from $150-$500+ for the vehicle that he/she believed was worthless.

The amount of money an owner of a vehicle with a salvaged title can earn depends on multiple factors. Some factors that contribute to the worth of a junk vehicle are: the year, make, and model of the vehicle; the mileage; the degree of body damage; etc. Junk car removal services often offer free pick up and tow service for cars with salvaged titles in addition to paying for the vehicle. Consider junking your salvaged car today!

Call Junkyard Direct now at (866) 516-8222 for a free price quote for your salvaged/junk car! We offer free pickup service/ free towing. Get quick cash, hassle-free, for your junk cars!

1 comment:

  1. Salvage World also offers a wide variety of selection in terms of clean titles of non-damaged vehicles not only in the USA but also in their other facilities in North America, Europe and Middle East.

    Salvage car dealer

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