If it is stolen and subsequently recovered, does it become automatically salvaged eventhough damage was only on the ignition? How does pink slip get a salvage title?
How do you get Salvage title on your pink slip?
only salvage if insurance co totals it.
Reply:There is no such thing as an "automatic salvage title". Generally if a vehicle is damaged to the point where repairs are more than the worth of the car, and insurance totals the vehicle but the owner wants to keep it, a salvage title is issued for the vehicle to protect any subsequent buyers.
Reply:I think you are confused regarding titles. A "pink slip" is a slang term for a title. A salvage/rebuilt title, is one where the vehicle received 60% or more damage, during one event. It would not automatically be a salvage title just because it was stolen, the ignition is not enough damage to cause it to become salvage/rebuilt. You do want to make sure the stolen status has been removed from the record.
Reply:The only wy to get a salvage title is you have to be the owner if you have a lien against it .It would be up to the bank or financial dept you deal with.Salavage has to b inspected by State Highway Patrol,this is is se that you didn't use stolen parts to repair your car
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