What you need to know about Auto Salvage and Recycling in Illinois
What you need to know about Auto Salvage and Recycling in Illinois
Salvage titles in Illinois are issued when insurance companies see it as a loss to repair the damaged vehicle since so much damage was done to it. Auto salvaging in Illinois both on the part of the dealer and the buyer is most times a win/win situation because it puts money in the pocket of the dealer and allows the buyer to afford a vehicle they may not have necessarily had the opportunity to afford. The rules in Illinois are not so drastically different from those of other states and just like those states Illinois enforces many rules to protect buyers from scam artists.
The ins and outs of auto salvaging in Illinois
The salvage title for a vehicle is issued by the state DMV under the advisement of the insurance company or as a result of inspections performed by said department. To do business with a salvage car, the title needs to be upgraded to one-time salvage otherwise it is not legal to drive the vehicle on the roads. If you are purchasing a one-time salvage vehicle obtain the vehicle insurance number (VIN) and run a background check on the vehicle.
Changing from salvage to a one-time salvage title
Obtain a vehicle transaction form from the Illinois secretary of state's office, complete and return it along with a detailed inspection report of the vehicle, receipts for any parts used in the repair of the vehicle, along with any other bills pertaining to the vehicles repair and an application fee which may only be accepted as a check if you are mailing it. The processing time may take approximately 10 days for the title to be changed and mailed to you.
Recycling in Illinois
Illegal dumping contributes to pollution of the environment and it is therefore recommended that automobiles be recycled in the correct manner.
Selling to a salvage yard
As detailed previously, a salvage title would need to be obtained, and, in selling the vehicle the title will have to be transferred to its new owner.
Selling the vehicle as scrap metal
A salvage title will also need to be obtained in order to sell the vehicle for scrap metal because this industry is highly regulated to prevent theft. The title allows buyers of scrap metal to know that none of the metal was stolen. Scrap metal dealers will give you an unexpectedly good deal for the metal as the industry is booming right now.
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