Salvage Titles in Michigan
A Michigan salvage title is issued to a vehicle that has been labeled “distressed” by an insurance company following an accident or some other type of significant ...
A salvage title in Michigan is a legal document issued to motor vehicles that been damaged in a significant manner. In general, the salvage classification is issued when one or more component parts of a car have been damaged, wrecked, destroyed or stolen. ... Read More
Moreover, a salvage vehicle typically has an estimated damage between 75 and 91 percent of its market value before any damages. Furthermore, motorists must request their insurance companies to determine the damage of their vehicle.
A damaged car title for salvage vehicles is issued by the Michigan Secretary of State (MI SOS) department. Conversely, motorists may also replace regular titles for salvage ones. Furthermore, law enforcement officers must recertify a motor vehicle before it can be used on public state roads or before license plates may be issued for it. Rebuilt and salvage titles in MI are issued in orange color and contain information regarding the vehicle’s component parts that cannot be salvaged. If you are wondering whetherto apply for a rebuilt title or a salvage one, be mindful that cars that have withstood flood damage must be titled as salvage.
To apply for a salvage or wrecked car title in Michigan, vehicle owners must satisfy certain requirements and prepare the mandatory paperwork that may be submitted via mail or in person at a local MI SOS branch. For instance, applicants need to provide the following documents:
Prior to preparing the necessary documents for asalvage title application, vehicle owners need to know that only motor vehicles, motorcycles, trailer coaches and titled trailers are subject to the salvage title law. On the other hand, mobile homes, off-road vehicles (ORVs) and watercrafts are not subject to this law. Therefore, motorists need to know the type of vehicle they own and whether or notthe vehicle is eligible fora salvage title.
After obtaining a title for salvage cars in Michigan, motorists may be able to repair their vehicles or obtain rebuilt titles. However, in order to do so, drivers will need to perform a vehicle inspection first. Conversely, if vehicle owners do not want to repair a motor vehicle at all, they may apply for a scrap title and assess their options for receiving a certain amount of money back upon the sale of separate parts.