chris360hawks
New member
Tell him to go **** himself
Total Loss Vehicle
An insurance or fleet company declares a vehicle a total loss when a claim exceeds ~ 75% of its pre-damage value or if the vehicle is stolen and not recovered. This damage threshold varies by company. These companies typically take possession and obtain the title. Not all total loss vehicles result in a DMV-reported branded title. This may occur when an insurance company's definition of a total loss is different than the state DMV's definition for a branded title or when the owner of the vehicle is a self-insured company, like a fleet or rental company.
Brand disclosure
A "brand" is a permanent note on a title that gives a prospective buyer important information about the history of a vehicle.
Note: There are penalties up to $5,000 for failing to disclose title brand information.
Your title must be branded if, during the time you owned the vehicle, you could answer "yes" to any of the following questions:
* Was your vehicle used as a taxi or for public transportation?
* Was it salvaged? A "salvage" brand is needed if your vehicle is less than 7 model years old and was damaged more than 70% of its fair market value.
* Was it flood damaged? A "flood damaged" brand is needed if water damage was more than 70% of its fair market value.
* Was it used as a police vehicle?
* Was it imported without US emission and safety certification?
Finding one seems to be the hard part. I have the cash ready to buy but they seem rare around chicago. I did find a 2001 with 124,000 miles for 7,000. But the person selling it replied to only 1 of my several emails to let me know that "it is still for sale". No contact info, no time as to when I can purchase it, just a strange email saying it was still for sale. What the hell is wrong with people these days. I searched a 250 mile radius of chicago and there's not much around here. Unless someone knows of a good search engine for vehicles? I tried craigslist, ebay active and completed listings, cars.com, autotrader, yahoo autos, google, and the carfax search.
Talk about lucky. Today I bought a 2000 4runner Limited with 110,000 miles for 7,400 from a private owner. Absolutely nothing wrong with it, I drove it for 3 or 4 hours it runs like new. I'm sold on carfax, if it wasn't for that report I would have bought that total loss sr5.