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In the state of Michigan, the issuance of a salvage title does not mean that the vehicle is also deemed a total loss. [6] Michigan issues a salvage title when the damage equals 75-90% of the pre-damage value; if the loss is 91% or greater the vehicle is eligible only for a "scrap" title, which cannot be subsequently upgraded by any means.
On September 26, 2011, California Governor Jerry Brown signed California Law AB 1215 into law. [1] Authored by Bob Blumenfield (D-Woodland Hills), the legislation accomplished three goals: (1) increasing the fees that California car and truck dealers can charge for licensing, (2) requiring dealers to use Electronic Titling and (3) governing how automobile dealers disclose previously damaged ...
Salvage title vehicles have little value, especially if you decide to trade in your vehicle and get a new car later. A dealership isn't likely to accept a car with a salvage title due to the risks ...
The title branding programs typically have two objectives: A deterrent to auto theft: If a vehicle is a complete loss due to an accident, its serial number (VIN, Vehicle identification number) and registration documents could still be of potential value to persons dealing in stolen cars.
A salvage title car is a car that has been declared a total loss by an insurance company. To be declared a total loss, the vehicle must be damaged to the point that the cost of repairs would be ...
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