The Ford Barn

flexiheep · 07-30-2012, 02:41 PM

Ok, long story short, my A was hit by a drunk driver (charges for DWI and wreckless driving on him), I am now past the repair cost and on to the total loss dept of his insurance company. We are pretty close on value for the car I believe, but due to NM law I will end up with a salvage stamped title in the end. I don't plan to sell the car (been in the family for 50 years, drove my dad around in it before he passed, drove my wife to the hospital when my son was born, kids are really attached to it, etc)but my wife and I are wondering what kind of stigma a salvage title has on a car like an A?

My wife thinks about modern cars where salvage is bad, I think that since a properly restored A gets pulled down to the frame in order to do a good job a salvage title doesn't mean much on an 80 year old car.....

It is mainly a perception issue, my wife knows that the car will be fixed and damage will be erased, but the title will be always show the damage from the idiot who hit us.

In the end it doesn't matter, a stamp on the title doesn't change the smile as you drive, but it is nice to hear from others some times.

Thanks in advance.

BRENT in 10-uh-C · 07-30-2012, 02:46 PM

The only time that 'branded title' will ever be an issue is when you decide to transfer ownership. To some, it may be an issue. To others, having documented images showing the repairs and the length of time those repairs have been done will likely offset some of the fear. For example, if I were in the market for a Model-A that was restored back in 1970, and has 30,000 documented miles of touring, if I found out the title showed Salvage History, I don't think I would have a concern. On the other hand, if I needed to go to the bank to borrow the money, then maybe the bank's loan officer might have some issues?? For the immediate, I think the family legacy the vehicle has overides the branded title issue.

.

Marcus · 07-30-2012, 02:53 PM

Flexiheep - You are going to get a zillion different answers for this question, but here is one with a little different twist: When my neighbor's "A" was totaled a number of years ago, he bought the car back from the insurance company (salvage title), BUT, he also had a notorized letter from them explaining the circumstances (he actually wrote the letter, then had the insurance agent sign). He has had NO issues with license plates, nor any other questions concerning the automobile. In fact, when he decided to sell and advertised the car for sale, he explained to prospective buyers what had happened, detailed the repairs made AND produced the letter from the insurance company - it was sold with no further questions asked.

As you said - the sentimental value is priceless, but I would NOT hesitate to get that salvage title - and keep the smiles!!

Fordors · 07-30-2012, 02:55 PM

From what I read it looks that upon rebuilding a "specialized title " will be required by NM law. Check the following link- http://www.dmv.org/nm-new-mexico/salvaged-vehicles.php

Mitch//pa · 07-30-2012, 03:09 PM

document everything. keep the paper work about what actually happened with the drunk driver, take pics of the damage before and during restoration. i dont see it being a problem at all. i am currently restoring a 30 tudor that i bought back from the insurance with a salvage title from my shop fire caused by a ford cruise control deactivation switch. The car will actually be better than what it was before the incident and I am sure yours will be also

Marco Tahtaras · 07-30-2012, 03:12 PM

Sponsored Links (Register now to hide all advertisements)

That is a good link and makes it clear you better plan carefully. The main point in NM is:

" In this state, a vehicle deemed "nonrepairable" or salvage can only go one place―to the scrap heap. State lsw prohibits any type of rebuilding or repairing of a salvage vehicle for a return to the road."

In California you can repair a car with a salvage title but in many cases the vehicle is deemed to have no value so any future loss is at your own expense. There may be a way around this but I've never had a need to look into it.

Mitch//pa · 07-30-2012, 03:17 PM

Quote:

Originally Posted by Marco Tahtaras

That is a good link and makes it clear you better plan carefully. The main point in NM is:

" In this state, a vehicle deemed "nonrepairable" or salvage can only go one place―to the scrap heap. State lsw prohibits any type of rebuilding or repairing of a salvage vehicle for a return to the road."

In California you can repair a car with a salvage title but in many cases the vehicle is deemed to have no value so any future loss is at your own expense. There may be a way around this but I've never had a need to look into it.

Title it in another state and then bring it back

mccsix · 07-30-2012, 03:20 PM

I would make sure the insurance pays you for the "potential" loss of value when you agree to a settlement with them. You can fix fenders and frames but there's nothing YOU can do to erase the DMV record which might cause a sale problem later on.

ronn · 07-30-2012, 03:20 PM

I would change the motor and have a fresh car, or restamp the block....

Wouldn't want to deal with the stigma.

Mitch//pa · 07-30-2012, 03:29 PM

Quote:

Originally Posted by ronn

I would change the motor and have a fresh car, or restamp the block....

Wouldn't want to deal with the stigma.

That's always an option also

flexiheep · 07-30-2012, 03:43 PM

Well, I started to look at the forms the Ins compant fills out for a "total loss" in NM, not promissing......

From Form MVD 10005 Application for Non Repairable Certificate:
A non-repairable vehicle shall not be repaired, reconstructed or restored for operation on the roads or highways of this state.
An owner of a non-repairable vehicle shall sell or otherwise convey that vehicle only to a licensed wrecker of vehicles or a person
licensed by a jurisdiction outside of this state to process vehicles by dismantling, wrecking, shredding, crushing or selling motor
vehicle parts or scrap material or otherwise disposing of motor vehicles.

Same thing is on many other forms for a salvage title at the NM MVD......

Heck, I can't even sell the parts off the car once it is registered as a salvage here..... I have to sell it to a registered dismantiler....

Back to square one, need to figure out how to get paid without a "total loss/salvage"............

Mike V. Florida · 07-30-2012, 03:54 PM

Has anyone seen a car at auction that had a salvage title? Is any title information ever given?

So someone could spend a fortune for a vehicle with a salvage title.

If you like the car and the next buyer likes the car what difference does the make what the title says?

old car guy · 07-30-2012, 03:56 PM

Talk to the adjuster under writer that's handling your claim explain the problem far greater issues have been solved. With just some reasonable conversation. There are many circumstances that they deal with on a regular basis that you and I do not know about. Their client hit you. It's in the better interest. To work. This out with you. Even if you offer to accept a little less It can be resolved. Good luck

PetesPonies · 07-30-2012, 04:15 PM

on an 8 month old car . . it's an issue. On an 80 year old car . . non issue; IMO.

30ccpickup · 07-30-2012, 04:36 PM

Quote:

Originally Posted by old car guy

Talk to the adjuster under writer that's handling your claim explain the problem far greater issues have been solved. With just some reasonable conversation. There are many circumstances that they deal with on a regular basis that you and I do not know about. Their client hit you. It's in the better interest. To work. This out with you. Even if you offer to accept a little less It can be resolved. Good luck

ditto

Paul

denis4x4 · 07-30-2012, 04:45 PM

Quote:

Originally Posted by ronn

I would change the motor and have a fresh car, or restamp the block....

Wouldn't want to deal with the stigma.

Restamping the block is illegal under federal law.

Bob C · 07-30-2012, 04:48 PM

Looks like you could do a "Reconstructed Vehicle" but what would that do to your
insurance or license fees. See link http://www.dmv.org/nm-new-mexico/cus...ucted-Vehicles

Bob

Ross/Kzoo · 07-30-2012, 04:58 PM

There was a good point mentioned about suffering a loss on a salvage title. The Insurance companies look for any excuse to pay less or nothing. A salvage title opens the door on this. Register it a state where you can a "duplicate title" or whatever they call it. In Michigan I went to the DMV with a bill of sale and motor number. Took about 45 minutes to check every state to if was registered there and since it wasn't I got a new title in the mail 3 weeks later and the title looks like every other title I have.

Buz · 07-30-2012, 05:13 PM

The insurance company owes you more $$ for loss of value due to the salvage title issue. The other issue is that some day even if it is far in the future the car will be sold and the salvage history will follow the car and banks will not loan money (at least in this state) on a car with salvage history.

400A-64 · 07-30-2012, 05:14 PM

It is not too difficult to find an un used title whether from your state or from another state. Re-register it here or there.....

07-30-2012, 02:41 PM	#1
flexiheep Member Join Date: May 2010 Location: Bremerton, WA Posts: 38	Salvage title perception question Ok, long story short, my A was hit by a drunk driver (charges for DWI and wreckless driving on him), I am now past the repair cost and on to the total loss dept of his insurance company. We are pretty close on value for the car I believe, but due to NM law I will end up with a salvage stamped title in the end. I don't plan to sell the car (been in the family for 50 years, drove my dad around in it before he passed, drove my wife to the hospital when my son was born, kids are really attached to it, etc)but my wife and I are wondering what kind of stigma a salvage title has on a car like an A? My wife thinks about modern cars where salvage is bad, I think that since a properly restored A gets pulled down to the frame in order to do a good job a salvage title doesn't mean much on an 80 year old car..... It is mainly a perception issue, my wife knows that the car will be fixed and damage will be erased, but the title will be always show the damage from the idiot who hit us. In the end it doesn't matter, a stamp on the title doesn't change the smile as you drive, but it is nice to hear from others some times. Thanks in advance. __________________ 1930 Standard Coupe

07-30-2012, 02:46 PM	#2
BRENT in 10-uh-C Senior Member Join Date: May 2010 Location: Eastern Tennessee Posts: 11,508	Re: Salvage title perception question The only time that 'branded title' will ever be an issue is when you decide to transfer ownership. To some, it may be an issue. To others, having documented images showing the repairs and the length of time those repairs have been done will likely offset some of the fear. For example, if I were in the market for a Model-A that was restored back in 1970, and has 30,000 documented miles of touring, if I found out the title showed Salvage History, I don't think I would have a concern. On the other hand, if I needed to go to the bank to borrow the money, then maybe the bank's loan officer might have some issues?? For the immediate, I think the family legacy the vehicle has overides the branded title issue. . __________________ . BRENT in 10-uh-C . www.model-a-ford.com ...(...Finally Updated!! ) .

07-30-2012, 02:53 PM	#3
Marcus Senior Member Join Date: May 2010 Location: Walnut Grove, Mississippi Posts: 605	Re: Salvage title perception question Flexiheep - You are going to get a zillion different answers for this question, but here is one with a little different twist: When my neighbor's "A" was totaled a number of years ago, he bought the car back from the insurance company (salvage title), BUT, he also had a notorized letter from them explaining the circumstances (he actually wrote the letter, then had the insurance agent sign). He has had NO issues with license plates, nor any other questions concerning the automobile. In fact, when he decided to sell and advertised the car for sale, he explained to prospective buyers what had happened, detailed the repairs made AND produced the letter from the insurance company - it was sold with no further questions asked. As you said - the sentimental value is priceless, but I would NOT hesitate to get that salvage title - and keep the smiles!! __________________ WARM REGARDS, MARCUS

07-30-2012, 02:55 PM	#4
Fordors Senior Member Join Date: May 2010 Location: Orland Park,IL Posts: 1,402	Re: Salvage title perception question From what I read it looks that upon rebuilding a "specialized title " will be required by NM law. Check the following link- http://www.dmv.org/nm-new-mexico/salvaged-vehicles.php

07-30-2012, 03:09 PM	#5
Mitch//pa BANNED Join Date: May 2010 Location: Bucks County, PA Posts: 11,454	Re: Salvage title perception question document everything. keep the paper work about what actually happened with the drunk driver, take pics of the damage before and during restoration. i dont see it being a problem at all. i am currently restoring a 30 tudor that i bought back from the insurance with a salvage title from my shop fire caused by a ford cruise control deactivation switch. The car will actually be better than what it was before the incident and I am sure yours will be also

07-30-2012, 03:12 PM	#6
Marco Tahtaras Senior Member Join Date: May 2010 Posts: 3,099	Re: Salvage title perception question Sponsored Links (Register now to hide all advertisements) That is a good link and makes it clear you better plan carefully. The main point in NM is: " In this state, a vehicle deemed "nonrepairable" or salvage can only go one place―to the scrap heap. State lsw prohibits any type of rebuilding or repairing of a salvage vehicle for a return to the road." In California you can repair a car with a salvage title but in many cases the vehicle is deemed to have no value so any future loss is at your own expense. There may be a way around this but I've never had a need to look into it. __________________ http://www.abarnyard.com/

07-30-2012, 03:20 PM	#8
mccsix Senior Member Join Date: Jul 2012 Location: Pensacola Fl Posts: 305	Re: Salvage title perception question I would make sure the insurance pays you for the "potential" loss of value when you agree to a settlement with them. You can fix fenders and frames but there's nothing YOU can do to erase the DMV record which might cause a sale problem later on. __________________ Gene USN

07-30-2012, 03:20 PM	#9
ronn Senior Member Join Date: Feb 2011 Location: NNNNNNNNJJJJJJJJJJ Posts: 6,782	Re: Salvage title perception question I would change the motor and have a fresh car, or restamp the block.... Wouldn't want to deal with the stigma.

07-30-2012, 03:43 PM	#11
flexiheep Member Join Date: May 2010 Location: Bremerton, WA Posts: 38	Re: Salvage title perception question Well, I started to look at the forms the Ins compant fills out for a "total loss" in NM, not promissing...... From Form MVD 10005 Application for Non Repairable Certificate: A non-repairable vehicle shall not be repaired, reconstructed or restored for operation on the roads or highways of this state. An owner of a non-repairable vehicle shall sell or otherwise convey that vehicle only to a licensed wrecker of vehicles or a person licensed by a jurisdiction outside of this state to process vehicles by dismantling, wrecking, shredding, crushing or selling motor vehicle parts or scrap material or otherwise disposing of motor vehicles. Same thing is on many other forms for a salvage title at the NM MVD...... Heck, I can't even sell the parts off the car once it is registered as a salvage here..... I have to sell it to a registered dismantiler.... Back to square one, need to figure out how to get paid without a "total loss/salvage"............ __________________ 1930 Standard Coupe

07-30-2012, 03:54 PM	#12
Mike V. Florida Senior Member Join Date: May 2010 Location: South Florida Posts: 14,054	Re: Salvage title perception question Has anyone seen a car at auction that had a salvage title? Is any title information ever given? So someone could spend a fortune for a vehicle with a salvage title. If you like the car and the next buyer likes the car what difference does the make what the title says? __________________ What's right about America is that although we have a mess of problems, we have great capacity - intellect and resources - to do some thing about them. - Henry Ford II

07-30-2012, 03:56 PM	#13
old car guy Senior Member Join Date: May 2010 Location: tampa fl Posts: 194	Re: Salvage title perception question Talk to the adjuster under writer that's handling your claim explain the problem far greater issues have been solved. With just some reasonable conversation. There are many circumstances that they deal with on a regular basis that you and I do not know about. Their client hit you. It's in the better interest. To work. This out with you. Even if you offer to accept a little less It can be resolved. Good luck __________________ old car guy

07-30-2012, 04:15 PM	#14
PetesPonies Senior Member Join Date: Jul 2011 Location: South Carolina Posts: 314	Re: Salvage title perception question on an 8 month old car . . it's an issue. On an 80 year old car . . non issue; IMO. __________________ Pete's Ponies Mustang RUSToration & Performance

07-30-2012, 04:48 PM	#17
Bob C Senior Member Join Date: May 2010 Location: So Cal Posts: 8,741	Re: Salvage title perception question Looks like you could do a "Reconstructed Vehicle" but what would that do to your insurance or license fees. See link http://www.dmv.org/nm-new-mexico/cus...ucted-Vehicles Bob

07-30-2012, 04:58 PM	#18
Ross/Kzoo Senior Member Join Date: May 2010 Location: Richland Mi. Posts: 1,172	Re: Salvage title perception question There was a good point mentioned about suffering a loss on a salvage title. The Insurance companies look for any excuse to pay less or nothing. A salvage title opens the door on this. Register it a state where you can a "duplicate title" or whatever they call it. In Michigan I went to the DMV with a bill of sale and motor number. Took about 45 minutes to check every state to if was registered there and since it wasn't I got a new title in the mail 3 weeks later and the title looks like every other title I have.

07-30-2012, 05:13 PM	#19
Buz Senior Member Join Date: May 2010 Location: Pineville, NC Posts: 118	Re: Salvage title perception question The insurance company owes you more $$ for loss of value due to the salvage title issue. The other issue is that some day even if it is far in the future the car will be sold and the salvage history will follow the car and banks will not loan money (at least in this state) on a car with salvage history.

07-30-2012, 05:14 PM	#20
400A-64 Senior Member Join Date: Aug 2010 Location: Grass Valley,CA Posts: 295	Re: Salvage title perception question It is not too difficult to find an un used title whether from your state or from another state. Re-register it here or there.....