<VV> Re: Salvage title (not much Vair)

[airvair]

There's a big article on page 20 in Automotive News this week about a
huge increase in flood-damaged vehicles showing up in states around the
country. The rise for the top ten states is as follows: Mississippi
633%, Alabama 374%, Louisiana 343%, Oklahoma 231%, Virginia 189%,
Minnesota 173%, Montana 172%, Michigan 162%, and Pennsylvania 161%. They
go on and state that "one in every 150 vehicles in Lousiana ... had a
title that at one point was branded as flood-damaged. Compare that with
2002, when it was one in every 700 vehicles."

The article also mentions the bill in Congress and that "Bailey Wood, a
NADA spokesman" stated that this "absolutely reinforces the need for
total-loss-disclosure legislation" and that "we need to get it through
and on the president's desk."

-Mark

J R Read_HML wrote:
> 
> A buddy who owns an upholstery shop (and a '64 vert Vair), bought a couple
> of "flood" cars a couple years back.  He kept his crew busy in some of the
> slow times during the winter months with making them "new" again.  The
> biggest expense was the control module(s?) for air bag deployment.  Anyway,
> the titles indicated - I don't recall for certain now - either "salvage" or
> "flood".  The designation was to stay on any future titles when the car
> changed hands.  This is Illinois, can't say what other states might do - but
> it does seem that some Katrina cars could legitimately make their way back
> onto the roads if the affected states have a similar set up for the titles.
> 
> Later, JR
> 
> ----- Original Message -----
> From: "Padgett" <pp2 at 6007.us>
> To: <virtualvairs at corvair.org>
> Sent: Thursday, February 15, 2007 2:32 PM
> Subject: <VV> Re: Salvage title
> 
> >
> >>Salvage does not mean a destroyed car put back on
> >>the road as a waiting to happen death trap.
> >
> > Salvage does mean that the car was "totaled". In Florida there are two
> > different forms of salvage title, one of which is a "Rebuildable Salvage
> > Title" that can be driven but is supposed to have a label on the vehicle.
> >
> > See http://www.dmv.org/fl-florida/salvaged-vehicles.php
> >
> > Then there are the cars which may have been "totaled" but the owner has
> > arranged to keep the car and rebuild it. The key here is not to surrender
> > the title to anyone. When our 90 Grand Am was rearended, the cost of the
> > bumper cover and a taillight vs the retail value was enough for the
> > insurance company to declare it totaled.
> >
> > Padgett
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