Originally Posted By: itguy08
Originally Posted By: wag123
Some facts to consider...
1. New cars don't have titles, they have MSO's. There won't be anything on the title because there hasn't been a title issued on it yet.
4. Hail damage does NOT negate any new car warranties.
I don't know if I buy those items. There has to be a way to get a salvage title on a new car that has never been titled. Think damage in transit, tornado, flood, hail damage. No way a flooded car on a dealer's lots from the recent hurricane could ever not have a salvage or branded title.
It's conceivable that hail damage could also lead to water damage. Storm happens on a Sat night, breaks the windshield, moonroof, back, side windows, etc and rain goes in all weekend long. No manufacturer will want to touch the electrical nightmare that could become.
1. This is a FACT! New vehicles do NOT have titles, they have MSO's.
MSO = Manufacturer's Statement of Origin.
Only when a new vehicle is sold to the first owner is it issued a title in the state where it is sold. At that point it becomes a used vehicle. As long as a new car dealer retains ownership of a new vehicle and it's MSO it is still considered a new vehicle, regardless of how old it is, how many miles are on it, or if it has had any body repairs done on it. Many states DO have regulations covering at what dollar amount (or percentage of purchase price) any repairs done on a new vehicle must be disclosed to a buyer.
If a new car dealer's insurance company declares a vehicle a "total loss" and takes possession of the vehicle (buys it from the new car dealer), a title will HAVE to be issued in the insurance company's name, and THEN it becomes a used vehicle. When the insurance company resells the "total loss" vehicle, then, by law (in Texas and most other states) the NEW owner of the used vehicle MUST be issued a branded title (or if the new owner is a licensed dealer/wholesaler, the title must be "assigned" by the insurance company as a "branded" title). This is the insurance company's responsibility. There is NO lawful way around this in most states. Auctions and salvage companies, being licensed by the state, are required to keep all parties honest on this or will be held legally responsible.
4. Like I mentioned in another post, manufacturer's new vehicle warranties are "limited" and only cover manufacturer defects in materials and workmanship, NOT anything that is done to a vehicle or acts of God. Any problem specifically caused by hail damage or any other act of GOD would NOT be covered.
