There is a CSL currently on Ebay which I am sure many are familiar with. My question isn't particularly about this car but cars with Salvage Titles in general. As some might know this amazing, unbelivable CSL has a salvaged title. Owner claims it was minimal damage which makes absolutely no sense to me. In order to give a car a Salvage Title insurance companies base it on the cost to repair and if repair costs are over 70% of the retail value of the car, if it recieved frame damage, airbags deployed then it is salvaged. My question is why do so many people claim their high value cars were salvaged because of a small fender bender? if this CSL had a small fender bender and for arguements sake lets say it would cost the insurance company $5,000 to repair a $50,000-$100,000 car, why would they pay the owner $50k-$100k to Salvage the car rather than pay the $5k and fix it? Am I the only person puzzled by this? I have been involved in small fender benders and unfortunatly had a car that was considered a total loss and believe me an insurance company will always take the less expensive way out. Only time an insurance company will salvage a car with a small fender bender is if the car has such little value that repair would make no financial sense.
http://cgi.ebay.com/ebaymotors/UNBE...iewItem&pt=US_Cars_Trucks&hash=item255ad2b9b1
http://cgi.ebay.com/ebaymotors/UNBE...iewItem&pt=US_Cars_Trucks&hash=item255ad2b9b1
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