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Thread: salvage title

  1. #1
    Senior Member cvclubs's Avatar
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    Default salvage title

    I was wondering if there are any major complications on insuring a salvage vehicle. I'm looking into a pristine escalade esv with about 35k miles. The price is great because the vehicles was a theft recovery and was deemed a salvage. should I stay away from this?
    Nick Groat
    Las Vegas, Nevada
    Nick@BellaVitaLimos.com
    Bella Vita Limousines

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    Quote Originally Posted by cvclubs View Post
    I was wondering if there are any major complications on insuring a salvage vehicle. I'm looking into a pristine escalade esv with about 35k miles. The price is great because the vehicles was a theft recovery and was deemed a salvage. should I stay away from this?
    If it were for personal use it would be ok.

    But for commercial use in a limousine business it could be problems.
    Your limo insurance co might have a problem with it.
    Also the state puc or whatever licensing authority regulations may prohibit
    salvage vehicles.

  3. #3
    Senior Member RoyalFleet's Avatar
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    Insurance will be limiting and as a new venture your already in for it with insurance rates. I would stay away from it, the money you save today, you will loose in the resale. Not worth it.

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    Nick, I agree with Joel and Jason. Personally, I wouldn't consider it for a for-hire vehicle, either. Even if it were otherwise cosmetically and mechanically sound, I'd be concerned with the cost of upkeep versus a very low market value.
    Karl Jones

  5. #5

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    I know our current insurer will not allow branded title vehicles on our policy and they do not differentiate between theft, flood or accident.
    Events Limousine
    Metro Detroit
    Oakland County Party Bus
    Royal Oak Party Bus

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    Senior Member Cedar Mill Limousine's Avatar
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    If you bring your own car to a coachbuilder and have them stretch it, what happens to the title? Could this be an option for CVC?
    Rich Rottier
    219.808.0976 | richrottier@gmail.com

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    Senior Member RoyalFleet's Avatar
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    Quote Originally Posted by Cedar Mill Limousine View Post
    If you bring your own car to a coachbuilder and have them stretch it, what happens to the title? Could this be an option for CVC?
    It will always be a salvage title, we recently had a Krystal that was salvage title and couldn't get it insured and I think we couldn't get livery plates either.

  8. #8
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    Rebuild the title.
    President
    Charles A. Kuritz
    Westfield Limousine Service Inc.
    www.westfieldlimo.com
    ckuritz@westfieldlimo.com

  9. #9
    Senior Member J.Scott's Avatar
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    i have actually been able to get a salvage title turned into a normal title..it was on our escalade limo a few years ago...will have to think about how I had it done. Was a complete pain in the ass...

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    Replace all parts that make it salvaged.
    President
    Charles A. Kuritz
    Westfield Limousine Service Inc.
    www.westfieldlimo.com
    ckuritz@westfieldlimo.com

  11. #11
    Senior Member RoyalFleet's Avatar
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    Problem is with things like Carfax for resale I don't think you can hide a salvage title.

  12. #12
    Senior Member Elegant Limousines of Palm Coast's Avatar
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    There has always been a hudge miss undersanding of what a salvage title means. It is deamed a salvage when the insurance company states that the cost of the repairs is higher than the vehicles value. So if the Escalade had the electronics,wheels ect stolen from it and the cost to replace or repair is higher than the value they total it.

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    Quote Originally Posted by RoyalFleet View Post
    Problem is with things like Carfax for resale I don't think you can hide a salvage title.
    Also, once the title is branded the remaining warranty is voided.
    Rick E.
    City Limousine Sales
    √XTS Livery Sedans√Escalade ESV Livery Package SUV's√Lincoln & Cadillac Limousines & Funeral Coaches by Federal Coach√GMC Professional Grade SUV's & 15 Passenger Vans√Cadillac & Buick Passenger Cars, Crossovers, and SUV's.

    ~Stupidity might be hereditary, but ignorance should be painful!~

    www.citylimosales.com

  14. #14
    Senior Member Wade Randolph's Avatar
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    What is a branded title?

  15. #15
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    Quote Originally Posted by Wade Randolph View Post
    What is a branded title?
    Title branding, although it differs a bit from state to state, exists to protect consumers. When a vehicle is a rebuilt theft recovery, flood damaged, declared a total by an insurance company or other similar situations where the value of the vehicle is diminished (depending upon the state) either words are added to the title (the brand) or a seperate title is issued. Most states require a very rigerous inspection before they issue a registration to a vehicle with a branded title. Used police cars and taxicabs would also have similar brands on the title. Most banks won't finance a vehicle with a branded title and it may be difficult to obtain more then just liability insurance for the rebuilt vehicle since the brand diminishes it's value to about $00.25 on the $1.00
    Rick E.
    City Limousine Sales
    √XTS Livery Sedans√Escalade ESV Livery Package SUV's√Lincoln & Cadillac Limousines & Funeral Coaches by Federal Coach√GMC Professional Grade SUV's & 15 Passenger Vans√Cadillac & Buick Passenger Cars, Crossovers, and SUV's.

    ~Stupidity might be hereditary, but ignorance should be painful!~

    www.citylimosales.com

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