<VV> Re: Salvage title (not much Vair)

[J R Read_HML]

I did not see that article, but I hope that you understand that nothing 
illegal (or even slightly immoral) was going on with my friend's business. 
He is well above that in his approach to life.

Later, JR

----- Original Message ----- 
From: "airvair" <airvair at richnet.net>
To: "J R Read_HML" <hmlinc at sbcglobal.net>
Cc: <virtualvairs at corvair.org>; "Padgett" <pp2 at 6007.us>
Sent: Friday, February 16, 2007 10:28 PM
Subject: Re: <VV> Re: Salvage title (not much Vair)


> There's a big article on page 20 in Automotive News this week about a
> huge increase in flood-damaged vehicles showing up in states around the
> country. The rise for the top ten states is as follows: Mississippi
> 633%, Alabama 374%, Louisiana 343%, Oklahoma 231%, Virginia 189%,
> Minnesota 173%, Montana 172%, Michigan 162%, and Pennsylvania 161%. They
> go on and state that "one in every 150 vehicles in Lousiana ... had a
> title that at one point was branded as flood-damaged. Compare that with
> 2002, when it was one in every 700 vehicles."
>
> The article also mentions the bill in Congress and that "Bailey Wood, a
> NADA spokesman" stated that this "absolutely reinforces the need for
> total-loss-disclosure legislation" and that "we need to get it through
> and on the president's desk."
>
> -Mark
>
> J R Read_HML wrote:
>>
>> A buddy who owns an upholstery shop (and a '64 vert Vair), bought a 
>> couple
>> of "flood" cars a couple years back.  He kept his crew busy in some of 
>> the
>> slow times during the winter months with making them "new" again.  The
>> biggest expense was the control module(s?) for air bag deployment. 
>> Anyway,
>> the titles indicated - I don't recall for certain now - either "salvage" 
>> or
>> "flood".  The designation was to stay on any future titles when the car
>> changed hands.  This is Illinois, can't say what other states might do - 
>> but
>> it does seem that some Katrina cars could legitimately make their way 
>> back
>> onto the roads if the affected states have a similar set up for the 
>> titles.
>>
>> Later, JR
>>
>> ----- Original Message -----
>> From: "Padgett" <pp2 at 6007.us>
>> To: <virtualvairs at corvair.org>
>> Sent: Thursday, February 15, 2007 2:32 PM
>> Subject: <VV> Re: Salvage title
>>
>> >
>> >>Salvage does not mean a destroyed car put back on
>> >>the road as a waiting to happen death trap.
>> >
>> > Salvage does mean that the car was "totaled". In Florida there are two
>> > different forms of salvage title, one of which is a "Rebuildable 
>> > Salvage
>> > Title" that can be driven but is supposed to have a label on the 
>> > vehicle.
>> >
>> > See http://www.dmv.org/fl-florida/salvaged-vehicles.php
>> >
>> > Then there are the cars which may have been "totaled" but the owner has
>> > arranged to keep the car and rebuild it. The key here is not to 
>> > surrender
>> > the title to anyone. When our 90 Grand Am was rearended, the cost of 
>> > the
>> > bumper cover and a taillight vs the retail value was enough for the
>> > insurance company to declare it totaled.
>> >
>> > Padgett
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