Go Back  Offshoreonly.com > General Discussion > General Boating Discussion
Turning a salvage title into a clean title >

Turning a salvage title into a clean title

Notices

Turning a salvage title into a clean title

Old 01-24-2004, 11:00 AM
  #1  
Registered
Thread Starter
 
HyperBaja's Avatar
 
Join Date: Sep 2002
Location: Lewis Center, Ohio
Posts: 3,606
Likes: 0
Received 0 Likes on 0 Posts
Default Turning a salvage title into a clean title

If I buy a car back from the insurance agency, and get a salvage title for it, is there a way to turn that into a clean title easily? Do I fix what is wrong, then get an inspection? Or do I have to do the old kentucky trick?
HyperBaja is offline  
Old 01-24-2004, 11:27 AM
  #2  
FWK
Guest
 
Posts: n/a
Default

Salvage title stays a salvage title. If you sell that vehicle assuming you could clear the title and do not disclose the fact it was a salvage vehicle and the unsuspecting buyer found out you would be in a lot of trouble.

Last edited by FWK; 01-24-2004 at 11:29 AM.
 
Old 01-24-2004, 11:57 AM
  #3  
Registered
 
CustomRigger101's Avatar
 
Join Date: Oct 2002
Location: Lighthouse Point Fl
Posts: 791
Likes: 0
Received 0 Likes on 0 Posts
Default

no
CustomRigger101 is offline  
Old 01-24-2004, 12:07 PM
  #4  
Registered
 
Reed Jensen's Avatar
 
Join Date: Dec 2003
Location: Los Angeles California
Posts: 8,306
Likes: 0
Received 2 Likes on 2 Posts
Default

Yeah.... if you are really slimy.... you can title the car in Mississippi.... you don't even have to take the car there.... just transfer the title papers... wait for the new title and plates... BUT and that is a BUT as big as Jennifer Lopez's...... you CANNOT ever title that car in the state that issued the salvaged title...and with carfax and insurance companies getting on the bandwagon, if they run the VIN it is going to come up salvaged... I know it isn't always fair, because sometimes if the car was stripped... and only interior parts were taken... and structurally the car is good.... it's going to get a salvage title if the car was "totaled". Laws vary from state to state... and like FWK says... if you fail to disclose this upon sale... you are leaving yourself open for a lawsuit. Some insurance companies won't even insure a car that has a salvage title. Years ago a dealership was vandalized by someone spraying paint stripper on cars... Their insurance company "totalled" all the cars... even though they were new... never in an accident... they got salvage titles... tough deal.
Reed Jensen is offline  
Old 01-24-2004, 12:51 PM
  #5  
Platinum Member
Platinum Member
 
mcollinstn's Avatar
 
Join Date: Sep 2001
Location: tn
Posts: 5,752
Received 133 Likes on 82 Posts
Default

Carfax and other online car-history services WILL ALWAYS show the title fraud. You can get a title that says clean, but the title history will show otherwise.

1) CAN you hop states and lose the salvage stamp? Sure. Not hard to do at all.

2) In most states, though, title fraud is prosecutable back to the individual level.
mcollinstn is offline  
Old 01-24-2004, 01:01 PM
  #6  
FWK
Guest
 
Posts: n/a
Default

Ussually if it is your car the title will not change hands and will not show as a salvage.
 
Old 01-24-2004, 01:03 PM
  #7  
Registered
 
Crazyhorse's Avatar
 
Join Date: Jan 2001
Location: Holland MI
Posts: 3,140
Likes: 0
Received 0 Likes on 0 Posts
Default

Yeah, that's just what you need, more legal problems.
Crazyhorse is offline  
Old 01-24-2004, 01:05 PM
  #8  
Registered
 
Semper Fi's Avatar
 
Join Date: Oct 2000
Location: SoCal
Posts: 4,276
Likes: 0
Received 7 Likes on 5 Posts
Default

Don't be a scammer. Do the right thing---Remember, what goes around comes around!!
Semper Fi is offline  
Old 01-24-2004, 01:08 PM
  #9  
Registered
 
Join Date: Jan 2001
Location: PA and MD
Posts: 1,461
Received 2 Likes on 1 Post
Default

If you buy it cheap enough you can then donate it to whatever group and take the full retail price as deduction on your takes and the IRS is none the wiser. A car you buy back for $2000 and donate it for $15000 is a $5000 tax deduction in 30% bracket for a net gain of $3000.

Going from salvage to tagable title requires a lone documentation trail- photos before ond after, reciepts, inspections. It's not that easy unless you're a body shop.
cobra marty is offline  
Old 01-24-2004, 01:38 PM
  #10  
speel chekk this fokker!
Charter Member
 
puder's Avatar
 
Join Date: Feb 2001
Location: Locust Valley, New York
Posts: 5,329
Likes: 0
Received 0 Likes on 0 Posts
Default

i believe we discussed this once previously.

you can do it but its not legal
__________________
Pardon me, while I whip this out!
puder is offline  

Quick Reply: Turning a salvage title into a clean title


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.