Salvage truck?

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Salvage truck?

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  • Salvage truck
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    02-07-2012, 11:50 AM
Green Broke
Salvage truck?

I'm saving up for a new truck..and I was just fooling around online and found a 2008 Silverado that was I guess rebuilt and looks in perfect order to me and is drivable (only thing that looks wrong is the headliner in the cab is gone lol).

The title type is a "Certificate of Title-Salvage". Can I still get a normal title for it?

My question is how would insurance work out for this? Since it was repoed or whatever by the insurance company, and mileage wise it would still be under would it be full coverage or not? I would definitely go for full coverage on that new of a truck, anyways.

I don't have any money at the moment, so it's not like I am actually buying this truck. Just curious:)
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    02-07-2012, 12:48 PM
If it has a salvage title it means it was wrecked/totaled not repoed, you can never get a regular title it will always be a salvage title, as far as insurance you would have to talk to your insurance company about that. I would take it to a mechanic and have it thoroughly checked out and make sure the frame is straight.
    02-07-2012, 01:25 PM
As Cmarie stated, it wasn't a repo it was a totaled vehicle.

Since it was a newer vehicle with low mileage, it had to have been wrecked pretty badly for the insurance company to total it.

I'd steer clear, because you can't get insurance or a regular title to it. A vehicle like that would only be good as a Farm Use vehicle.
    02-07-2012, 02:33 PM
Green Broke

I might have gotten the whole repo / salvage thin mixed up on the truck, I was looking at two very alike trucks and got them mixed up:P I'll post a link her in a bit. I looked pretty straight to me.
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    02-07-2012, 04:38 PM
Green Broke
2008 Chevrolet Silverado Cert Of Title-Salvage Title Pickup Truck for sale in Mcallen, TX at Copart Auto Auction Lot 11419632

Like I said, missing the head liner is missing, and that's all that I can see.
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    02-07-2012, 05:25 PM
The body may be straight but underneath is where I'd be looking. If you were seriously interested I'd try contacting them to see what kind of accident it was in and how much damage was done. I'd take a look before bidding/buying.
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    02-07-2012, 07:33 PM
Green Broke
Hmm...true.. One of my coworkers brought up the fact the 4 wheel drive might not work, which doesn't bother me too much..
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    02-07-2012, 10:15 PM
Green Broke
Also depends on why it has a salvage title. If it was wrecked, that's one set of problems. If it was invovled in a flood (often this is the case in newer, low mileage vehicles) it is whole 'nother set of issues and those you really don't want to deal with.

Basically you have to go into a salvage title situation with a couple things in mind. First is the thing is going to need more TLC then a vehicle of the same age/mileage that still has a clear title. Second, when you go to sell it you wont be able to get as much money for it. So, I guess third, keep one and two in mind when giving an offer. The vehicle most likely isn't worth what they are asking for it.

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