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  • How do you calculate the salvage value of a car?

    Asked by unknown
    1 Answers
    Contact your insurance company for the percentage of market value that it uses for determining salvage value. Although the percentage can vary, it is typically 75 percent of market value.Multiply the car's current market value determined earlier by 0.25 (1.00 minus 0.75) to find its salvage value.
  • Is it bad to buy a vehicle with a salvage title?

    Asked by unknown
    1 Answers
    While it is possible to finance and insure vehicles with salvage or otherwise branded titles, it can be difficult and expensive to do so. Vehicles with salvage titles typically have no Blue Book value, so demonstrating to your lender the worth of the vehicle is more difficult than it is on a normal car.
  • What is salvage car mean?

    Asked by unknown
    1 Answers
    In North America, a salvage title is a form of vehicle title branding, which notes that the vehicle has been damaged and or deemed a total loss by an insurance company that paid a claim on it.