| Author |
Message |
vince (Vinces)
New member
Username: Vinces
Post Number: 5
Registered: 10-2002
| | Posted on Friday, November 15, 2002 - 8:12 pm: | |
I would watch out--there is something more than being stolen involved here. If you look at the first link here, you see that a car totalled as a result of theft has either a 'salvage theft' or "theft" title. With either of these titles, the car can be registered and titled in FL. FL only prohibits a car from being registered if it has an "unrebuildable" title. I would suspect flood or something like that.... |
Horsefly (Arlie)
Member
Username: Arlie
Post Number: 396
Registered: 5-2002
| | Posted on Friday, November 15, 2002 - 7:56 pm: | |
Here's a strange one on E-Bay.
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=1872441468
It supposedly has a salvage title because it was a theft recovery. As I understand things, if a car gets stolen, an insurance company will eventually pay off after a month or so if the car is not recovered. If the car is then recovered, it belongs to the insurance company who then gets a new title which has to be a salvage title because the car has at one time been declared a total loss because of the theft. In reality, the car might not have a scratch on it! (Not saying that this is the case with the E-Bay Mondial).
It just seems strange that somebody could steal a brand new Ferrari and stash it in a garage. Two or three months later it is recovered, and it now is branded with a salvage title, even though it is like new. Is this the way it goes??? Seems strange to me that an excellent car that has never been in a wreck could end up with a salvage title stigma just because it was stolen. |
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