Auto Dealers Urge Congress to Make Available Data on Totaled Vehicles

April 11, 2007

  • April 12, 2007 at 1:38 am
    PLJ says:
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    A salvage or rebuilt title cannot bring as much money at auction while a clean title can recoup a good portion of the money paid out to the consumer for damages.
    As for titles goes there needs to be one rule across the board across the country period,STAMP IT!
    Not going to happen anytime soon I don\’t think!

  • May 7, 2015 at 6:13 pm
    being taken advantage of says:
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    HOG WASH! how can you check with NADA guides on a vehicles history and trade in value if they have no information posted that one can select on vehicles that have been salvaged by a insurance company for one reason or the other and have since been repaired and now have a rebuild orange title ??, so how can one finds its true value ? you think for one moment the NADA is not rubbing shoulders with the goverment’ and the Department of Revenue, think again’ by them not posting this info’ many and I mean many people! that buy or fix salvage vehicles then have them put back on the road after inspection are charged the same price as if it was a used car’ mind you not a salvaged car’ so lets say you pay 10,000 to buy a salvaged car and you or a repair shop fix’s it, when you go to register the car they will charge you tax based on the value of a used car’ not a salvaged car. ok’ now try to resale or even trade in that same car for another at a dealer, the NADA and government will tell you its worth 20,000 and even though you paid 10,00 and they charged you tax on 20,000 because the NADA says the used car is worth that much (not a salvage worth), now’ a dealer will not even take the car in trade because it was a salvaged car. then on a private sale you would be lucky to get a good price. lot of people are being ripped off by others going by what your site states on the value of a vehicle, because you do not have the proper info posted. the NADA is ripping people off by not POSTING proper info and the government is over charging you at the same time! this is not new news………… just seems no one cares.

    (( 1.A xxxx% sales tax will be collected at this time based on the purchase price of the dealer sale (BULCRAP) they mean by NADA used price value). If the dealer is not registered with the Department of Revenue or the vehicle was purchased through a private sale, the sales tax will be calculated at xxxx% of the purchase price ((BULCRAP)) ~> ONLY the National Automotive Dealer Association (NADA) ~> clean trade-in value, (but you will never be able to trade in car with a salvaged history) whichever is higher. If no clean trade-in value is available a default value agreed upon by both the Registry of Motor Vehicles and the Department of Revenue will be used. you mean its your way of the highway’ no one else has a say’ because you nor the NADA will post values on cars that have a SALVAGED HISTORY……… end of story.

    After completing the transaction, you will receive a registration certificate, new plates and a year of expiration decal for the rear plate. The title will be processed and mailed in approximately six (6) to eight (8) weeks. If you have a loan on the vehicle, the title will be mailed directly to your lienholder.

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