Quote:
Originally Posted by Unobtanium-inc
I just re-read your original post and I've never heard of a stolen car without damage getting a salvage title. I've been to hundreds of auctions for salvage cars and while the stolen ones always look way better than the balled up wrecked ones, there is always a reason the insurance company paid off on the car. Personally I would rather have a fixed wrecked car than a stolen one, at least a wrecked Porsche may not have been red-lined in every gear, but you know the stolen one was. Why steal a Porsche and not red-line it?
---Adam
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Insurance companies have to pay out for the car if not found in a certain amount of time. If the car is later found the insurance company now owns the car since they paid the value to the insured. If found often it ends with a salvage title. I've been an appraiser for about ten years. I've seen brand new 50+k trucks with a broken window and ignition sitting in the salvage yard. Someone gets a great deal on the salvage car.