What does salvage title of a vehicle mean, and does it affect the vehicles value?
A vehicle that has been wrecked, destroyed, or damaged to an extent that it’s uneconomical to repair is considered a total loss salvaged vehicle. Normally, this type of vehicle cannot be sold or transferred without first obtaining a Salvaged Title. Due to the many different ways a vehicle can be issued a salvaged title, we cannot accurately determine current market value. A vehicle can be stolen and recovered with no damage at all and still be given a salvaged title nonetheless. Therefore, it’s a good idea to check the history of a vehicle. A Vehicle History Report CARFAX can confirm a clean history or reveal potentially hidden problems including a salvage title.
