Insuring a Salvaged Car?

[niceguyeddie]

a guy at work bought one when it was time to sell it he damn near had to give it away, I didn't let her buy the car anyway

That would be my biggest fear. Then again if you got a great price on the car and were able to get your use out of it maybe it wouldn't be that bad. You'd really have too look into all of that.

He heard reg fees are more expensive. If so, that sucks.

[ChumpChange]

That would be my biggest fear. Then again if you got a great price on the car and were able to get your use out of it maybe it wouldn't be that bad.

The saying goes "it's now what you sell it for that makes the profit, it's what you buy it for."

[Cole Trickle]

You should have no issues insuring a vehicle with a salvaged title as long as all repairs were made and the vehicle is safe.

Typically insurers will not pay more than 50-60% of actual cash value for a car with a salvaged title.

You don't get a discount or a lower insurance cost to insure said vehicle.

The only way a car is considered a salvage is when an insurance company had to pay 80%+ of its value (ACV) after a theft/flood damage/collision/etc....

I would be much more prone to buy a 3K 1990 jeep that was a salvage over say a 100K mercedes that cost 80K+ to fix