Your changes will require approval by an administrator before they are published.
The article has been updated successfully but requires approval before it is published.Last Updated 1st of August, 2010
How do I obtain a salvage title in South Carolina? South Carolina
|
Enter your Zip Code below to get a Free Quote. We suggest getting quotes from multiple companies to ensure you get the best rate. There is no obligation to purchase. 
|
The South Carolina Department of Motor Vehicles (DMV) states that a vehicle must be declared a total loss if it sustains damages of 75% or more of its fair market value. The vehicle then requires a salvage title unless one of the following conditions apply:
Obtaining a salvage title for used cars when it is not necessary will have a direct impact on the fair market value of your vehicle if you decide to sell it at some point in the future.
NOTE: If you do decide to have it declared a rebuilt auto, please contact your local SC DMV branch for information about titling requirements, such as a receipt or bill of sale for all parts used.
If you decide to keep the vehicle yourself, however, you will need to submit the following documents in order to obtain a salvage title for your vehicle registration:
- The vehicle is worth less than $2,000.
- It was previously titled as an antique vehicle.
- The vehicle is non-rebuildable.
- The vehicle has damages that are less than 75% of its value, with no water or fire damage.
Obtaining a salvage title for used cars when it is not necessary will have a direct impact on the fair market value of your vehicle if you decide to sell it at some point in the future.
NOTE: If you do decide to have it declared a rebuilt auto, please contact your local SC DMV branch for information about titling requirements, such as a receipt or bill of sale for all parts used.
Applying for Salvage Titles in SC
If your insurance company declares your vehicle a total loss after an accident, it will go through the process of obtaining a salvage title from the SC DMV.If you decide to keep the vehicle yourself, however, you will need to submit the following documents in order to obtain a salvage title for your vehicle registration:
- Your vehicle title.
- A completed title application in your name. Section 8 of this form should indicate that the vehicle is rebuildable and describe how the vehicle sustained the damage.
- A letter from your insurance company, which says your vehicle has been declared a total loss and was turned over to you.
- A signed copy of Form TR-3, if the company choose to declare the vehicle a total loss when it had sustained less than 75% of the fair market value or if the fair market value of the vehicle was less than $2,000.
- Payment for your $15 title fee.
Post Comment for "How do I obtain a salvage title in South Carolina?"
To post a comment for this article, simply complete the form below. Fields marked with an asterisk are required.
User Opinions
No users have voted.
Visitor Comments