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Which of course makes no real sense... (archive)

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Posted by ptdaniel on August 28, 2001 at 15:59:59:

In Reply to: Salvage is determined by % damage posted by Warren on August 28, 2001 at 12:50:38:


In Virginia, and a few other neighboring states. If it's over 75% or so, it's salvage. If it's over 90%, it's considered salvage non-repairable.

Warren
(who owns one fabulous salvage title race car, and a rebuilt titled E30 M3).

I'm curious as to how they enforce that rule -- especially if you are 'self insured' vis-a-vis collision damage.

But of course, the whole thing makes no sense: at the 'bottom' of the value curve on our E30 M3s (say 4-5 years ago?) a $5000 accident would routinely have made them 'salvage' vehicles (using the 75% rule), but today which of us would think twice about fighting such a 'judgement' (assuming a well cared for car where market value now sits around $15k)?

We're at least agreed that 'salvage' titles don't get created out of minor fender-benders!




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