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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.
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 ...
Some jurisdictions require that rebuilt vehicles imported across provincial or state lines be reinspected before being allowed to retain the rebuilt title. Salvage: Severely damaged vehicle total loss: A vehicle that can be repaired but which would cost more than some predefined amount (often 75–100% of the car's value) to repair.
[2] Only when a car is completely placed back into the condition it was first sold in is it considered to be restored. Various aspects of a car may be repaired without the car being restored. A car that does not run can be repaired to running condition, but that simply means it will now run and does not mean that any part of the car has been ...
At the very least, get the title filled out completely and signed by the seller, and it's a good idea to draw up a simple bill of sale and get copies (or cellphone pics) of that and the seller's ...
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