But it says it now plans to get salvage titles for all those vehicles.

In Iowa, for example, a car must be given a salvage title if repairs exceed 50 percent of a vehicle's value.

I want to buy an inexpensive car, and I was wondering what you think about salvage titles.

The value of a vehicle with a salvaged title is usually 40-50% lower than the vehicle's estimated value.

Chicago law prohibits operating any vehicle as a taxi that was once deemed a salvage title.

Many people are confused about the actual repair cost that insurance companies use to deem the vehicle a salvage title.

Vehicles with this kind of salvage title history will be required to have the 4" x 5" red window sticker with language.

A "gray market" exists for vehicles with flood titles or salvage titles.

The criteria for determining when a salvage title is issued differ considerably by each state, province or territory.

This is why some dealers and body shops specialize in salvage title vehicles and can provide them at low market values.

In the state of Michigan, the issuance of a salvage title does not mean that the vehicle is also deemed a total loss.

As in many states, in this circumstance, failure to obtain a salvage title is illegal in New Jersey.

We are having trouble registering it because it has a salvage title (it was totaled several years ago and my husband repaired it).

The information comes from state agencies, but vehicles that are badly damaged and never get salvage titles could be repaired and slip through the bureaucratic cracks.

In a minority of states and Canadian provinces, regulations require a salvage title for stolen or vandalized vehicles which are not recovered by police within 21 days.

Vehicles that are not bought back are auctioned as salvage to an auto recycler or a rebuilder and given a salvage title.

In the US, motorcycles which carry a salvage title may not be registered and driven on public roads in most states, which impacts resale value.

In Missouri, impounded vehicles may only be offered to the general public with a salvage title, while other states have no restrictions on who may purchase a vehicle.

He added, "New York has a separate process that does not require a salvage title, and we are confident that we have complied fully with those regulations."

Odometer fraud, salvage titles, repaired flood damage and VIN cloning also occur on U.S. market vehicles.

Salvage Title Unit - This unit conducts salvage inspections, and assigns Mass Vehicle Identification Numbers.

In some cases, a title can also serve as a permanent legal record of condemnation of property, such as in the case of an automobile junk or salvage title.

Additionally, the Chicago Sun-Times newspaper investigated 100 of Garber's taxis from other fleets not associated with Chicago and found that 23 had previously been designated as salvage titles.

Although it is true that salvage titles are typically issued to vehicles when the repair costs exceed 50-70% of the vehicle value, this percentage needs to be considered in detail before assumptions are made.

Because a salvage title can be issued to a vehicle with easily repairable problems or no damage whatsoever, the low cost of the salvaged motorcycle or car is appealing to some hobbyists and investors.

For the purposes of this program, Salvage Certificate of Title is defined as a State-approved document indicating ownership and vehicle status.

A U.S. customs stamp on the Certificate of Title or the Salvage Certificate of Title is sufficient.

Salvage vehicles that are imported to be rebuilt must be accompanied by a Salvage Certificate of Title issued by a state licensing authority or a licensed insurance provider.

To import a vehicle to be disassembled for parts, the importer will complete a Vehicle Imported For Parts Form - Form 3 and present it to a customs officer at time of importation with the original Certificate of Title or Salvage Certificate of Title.

Customs inspectors are responsible for verifying that the vehicles are accompanied by a proof of export from United States Customs and the Certificate of Title or Salvage Certificate of Title, either the original or a duly notarized copy of the true original, and interpreting its validity.