Originally Posted by scott17
Salvage means it will cost more to fix properly than it is worth. This is a no-brainer for most. Salvage should be in the salvage yard, not on the road...
That's using inflated dealer prices. I've seen many cars total that shouldn't be totaled.
An older car with a fender bender that set off the airbag will most likely be toatled. The airbag and dash alone will be thousands of dollars from the dealer. With ebay and salvage yards this will be hundreds of dollars.
The city totaled my buddy's older Cadilac due to the fact that the lower control arms were I believe $1100 a piece from the dealer. From the junkyard I believe they were less than $100. Same goes for the rim and air suspension. This was from hitting a pothole.
Some thefts are also salvaged. There are POS salvage titles just like the one I looked at but there are also good ones (mechanically). Resale value though, as many stated here, is usually going to be POS.