Saturday, March 2, 2013
how to i turn a salvaged tittle into a clean tittle?
I bought my 2001 car with a salvage title. It was salvaged due to light damage. It looks and drives better than most of the same cars with clear title's. Is there a way I can get it back to a clear title? I live in Mass.
There is no way to get a clear title once it has been salvaged. I have recently had experience with this. My husband is a salesman/finance manager of a car lot.My brother needed a reliable car and didn't have alt of money to get another one,my husband went to auction and found a 2003 Saturn view with forty thousand miles on it,we knew it had a salvaged title but didn't care because the car had been repaired at a Saturn dealership,we co-signed for the loan and three months later he stopped paying it,we repo'd the car and put it in the paper to sell it(he won't sell a car at his dealership with a salvaged title)as an individual you aren't required to inform a buyer that it has a salvaged title even though morally you should,at a dealership you must disclose it and it affects the amount you can charge for it,you will never get book value on a salvaged title car because a buyer will have trouble getting the same money for a car that has been wrecked versus one that wasn't.In less then a week we sold it for four hundred dollars more than we payed for it,had it not had a salvaged title we would have made several thousand dollars over what we payed.In the long run it usually isn't worth the problems that you have when you try to sell it or trade it in.
Source(s):
a potentialy expensive lesson learned.
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