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Old 07/15/2004, 01:15 PM   #5
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Location: Michigan
Joined: Aug 02
eBay: gtcslover
Posts: 344

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Re:1968 Salvage Title Value

In my state (Michigan) a salvage title is branded to the car when it is damaged beyond it's replacement value. However, this does not necessarily mean the car has been wrecked. If a car is stolen and stripped, the replacement parts could exceed the cars value. This is determined by the insurance company, who have a long list of criteria they follow to determine a damaged cars value.
My advice would be to delve into the cars past history as much as you can and try to find out what happened to it. If this car was a stolen recovery, or under water does not always mean it is junk. Be sure all the CS parts are correct and intact and you may be able to beat the guy up on his price and get a really good deal.
Like I said before, different states have different criteria for branding a title.
Unfortunately in this state, a salvege title means the car is worth only half of it's retail value.
Hope this helps a little.
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