[Mgs] Salvage title
steve at shoyer.com
Sat Oct 1 14:03:00 MDT 2022
In Massachusetts there are two kinds of salvage titles, repairable and
parts-only. A repairable car can be re-registered after being repaired
and passing a salvage inspection. A parts-only car cannot be registered
again in MA. The salvage title might make the car harder to insure, or
at least more expensive.
--Steve (1980 MGB)
On 10/1/2022 12:15 AM, Max Heim wrote:
> A salvage title definitely will hurt the value at auction. it just
> raises the question “what happened to it?” and the answer can never be
> But if you were planning to keep the car long term and don't mind
> doing the restoration work, and are satisfied there is no irreparable
> damage, then you might as well do it. You at least have a very good
> idea of what it will take, more so than you would if you went and
> bought a project car on the open market to replace it.
> Let your heirs figure out how to deal with the salvage title…
> Max Heim
> '66 MGB
>> On Sep 30, 2022, at 6:43 PM, Robert's New iPad <mgbobh at gmail.com> wrote:
>> Hi Tom,
>> That’s terrible news.
>> Generally speaking, a car that burns by itself can be
>> salvaged/recovered and can be restored. A car that is in a garage
>> or barn fire may have its metal annealed, changing its strength. An
>> engineer can explain this better, but most owners of burned cars will
>> stay away from one that was baked.
>> One would think that the salvage title would push down the value, but
>> I have no direct knowledge. One of the guys in our club owns a
>> couple of cars, not MGs, that he has bought from insurance companies,
>> repaired and repainted them, and has had good service from them. He
>> is a talented and experienced fellow.
>> Do you have pictures of the car that you can share?
>>> On Sep 30, 2022, at 9:04 PM, Thomas Gunderson <thgun at comporium.net>
>>> My MGA was in a fire. Hagerty will let me buy the car back for about
>>> 1/3 the total payout. This will put the car as salvage. If I keep
>>> the car and restore the car to the status it was before the fire.
>>> How will the salvage title affect the value?
>>> Should I let them keep the car and take the money?
>>> 1957 MGA 1500 rst
>>> Tom Gunderson
>>> Sent from my iPhone X
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