Understanding Salvage Vehicles: What You Need to Know

A salvage vehicle is a car, truck, or motorcycle that has been declared a total loss by an insurance company, typically due to significant damage from accidents, natural disasters, or theft. Understanding salvage vehicles is crucial for anyone considering purchasing one or dealing with a car that has received a salvage title.
What Makes a Vehicle "Salvage"?
Insurance companies typically declare a vehicle salvage when the cost of repairs exceeds a certain percentage of the vehicle's pre-damage value (usually 75-90%, depending on the state). Common reasons for salvage designation include:
Severe collision damage
Flood damage
Fire damage
Theft recovery
Hail or storm damage
While salvage vehicles can offer significant savings, they come with substantial risks and challenges. Proper research, mechanical expertise, and careful consideration of all factors are essential before investing in a salvage vehicle.
Remember that laws regarding salvage vehicles vary by state, so always check local regulations and requirements before making any decisions regarding salvage vehicles.