Understanding Salvage Titles: A Comprehensive Overview

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Many individuals remain unclear about the intricacies of a salvage title and the processes through which a vehicle achieves this designation. A salvage title isn’t merely a label; it’s an indicator of a vehicle’s history, typically signifying that it has sustained damage that exceeds a specific threshold of its value. The ambiguity surrounding this term has given rise to a plethora of misconceptions. Some believe it implies the vehicle is no longer roadworthy, while others might mistakenly associate it with minor damages. Dive deeper to understand the realities of salvage titles, their implications in the automotive world, and how they intersect with salvage vehicle auctions. By grasping the essence of this term, potential buyers can make more informed decisions when venturing into the domain of car auctions .

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How much is the security deposit?

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To activate a bid with RideSafely, a security deposit is mandatory, which is either $600.00 or 10% of the bid amount, depending on which is greater. For your convenience, we accept deposits through various methods: Bank Wire Transfer (suitable for all amounts), Credit Card, and PayPal (up to $2,000.00 or two thousand dollars).

For our international customers residing in countries where PayPal is not accessible, it’s essential to transfer the necessary funds to a designated affiliated dealer’s account via Bank Wire Transfer before placing your offer.

Please be aware that if a deposit is not submitted on time, it will result in the suspension of the customer’s account due to non-payment. To reinstate a suspended account, customers must send a deposit via wire transfer, which will then be credited to their next purchase. It is advisable to plan and ensure timely deposit submissions.

In cases where a customer with available credit on their account submits an offer, this credit will automatically be applied toward the bid deposit.

Regarding credit card payments, it’s important to note that these payments are temporarily held and automatically released after a 21-day period. As a result, any credit on your account that has been charged to a credit card will remain for a 21-day period only.

For any further questions or assistance, please don’t hesitate to contact us at (215) 289-0300. We’re here to ensure a smooth and secure bidding experience at RideSafely.

RideSafelyThank you,
Team RideSafely.com
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