How to Sell a Salvage Car in Oklahoma

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So, you’ve got a salvage car on your hands. Getting rid of your salvage car can be tricky, but we’re here to help! Let’s discuss selling your salvage car in Oklahoma.

How Is a Salvage Car Defined in Oklahoma?

The Oklahoma MVD defines a salvaged vehicle as one that is 10 years old or newer and sustained severe damage due to a collision or other incident, and the cost to repair the vehicle ranges between 60% and 79% of the car’s actual cash value (ACV) before the damage occurred. For cars that don’t meet the above-stated criteria for salvage, there are other options or designations your vehicle may fit into.

Vehicles that are more than 10 model years old can be considered a salvage at any time. Speak with your auto insurance agent about the salvage process specifics that pertain to your unique situation.

Vehicles that are damaged to the point that it would cost at least 80% of the vehicle’s fair market value, will require a junk title from the OK MVD. Vehicles with a junk brand can’t be driven again. Your auto insurance provider will inform you on how to apply for an Oklahoma junk vehicle title.

The bottom line is that your auto insurance provider will determine whether your vehicle is eligible to be declared a salvage. Speak with your auto insurance provider regarding the implications of each vehicle classification and your options going forward.

What Are My Options After My Auto Insurance Declares My Vehicle a Salvage?

Once your auto insurance company deems your vehicle a total loss (salvage), you will file a total loss claim with your auto insurance provider. You can accept a full or partial auto insurance settlement claim.

Full Settlement Claim

In a full settlement claim, your auto insurance provider pays you for full damages minus the deductions in your policy, and your auto insurance carrier keeps the vehicle. If required, you must provide proof of lien satisfaction before your auto insurance provider can take ownership of the vehicle.

Partial Settlement Claim

In a partial settlement claim, you’ll keep your vehicle, and your auto insurance carrier will pay for partial damages. When you retain ownership of the vehicle, you can do the following:

  • Sell your salvage vehicle to a scrapyard, junkyard, recycler, or other dismantler
  • Apply for an Oklahoma salvage title
  • Repair the car and have it inspected
  • Apply for a rebuilt car title
  • Start driving again!

When you’re deciding what to do with your vehicle and which auto insurance settlement to accept, you must consider the time and money you can set aside to properly repair the vehicle. Your auto insurance provider should be able to tell you about the amount of work your vehicle will need to meet Oklahoma’s safety standards. If you sell your salvage vehicle to a scrapyard, junkyard, or other dismantler, make sure you have the car’s title!

What Is Actual Cash Value?

We briefly mentioned actual cash value, but what is it? The actual cash value (ACV) is the monetary worth of an item, such as your vehicle. The ACV factors the age and condition of your vehicle. This value is equal to the amount of the replacement cost minus the depreciation of your damaged vehicle at the time of loss. The actual value for which your vehicle could be sold is always less than what it would cost to replace it.

Is the Actual Cash Value and the Replacement Cost of the Vehicle the Same?

A car’s actual cash value and its replacement cost are two different things. However, auto insurance carriers use actual cash value and replacement cost to determine a car’s value if it is totaled. The replacement cost of a vehicle is the amount of money it would cost to rebuild the car from scratch. The actual cash value is determined after depreciation is considered.

One of the benefits of having replacement cost insurance is that you will have enough funds to replace your vehicle in the event it is declared a total loss. With actual cash value insurance, you may need to pay the difference between the car’s depreciated value and replacement value to replace your vehicle.

Can You Sell a Salvaged Vehicle in Oklahoma?

You can sell your salvaged vehicle in Oklahoma to a junkyard, salvage yard, vehicle recycling company, or another person if you have the required documentation, such as the car’s title and a bill of sale.

Oklahoma Salvage Vehicle Title Fraud

Salvage title fraud is a crime that occurs when the owner of a salvage-branded vehicle knowingly sells the salvage vehicle WITHOUT disclosing they are selling a salvage vehicle. Salvage title fraud occurs more than you can imagine, and involving yourself in this type of crime can result in the payment of multiple fines and penalties, such as criminal charges.

What Information Should Be Included On the Bill of Sale for My Salvage Vehicle?

In Oklahoma, you are required to have a bill of sale when you’re selling a car. Make sure the bill of sale has the following information:

  • The names and addresses of the seller and buyer
  • The buyer’s and seller’s signatures
  • The date of the sale
  • The vehicle’s purchase price
  • Information regarding the vehicle (make, model, year, and vehicle identification number (VIN)
  • Accurate odometer reading
  • You may also be required to have the bill of sale notarized

To register your vehicle, additional forms and information may be required.

Does Oklahoma Have Salvaged Vehicle Restrictions?

Yes. In Oklahoma, it is against the law to operate a vehicle that currently has a salvage title. Salvage vehicles are unsafe to operate because of the type of damage they sustained. Your vehicle must pass an Oklahoma inspection and you must obtain a rebuilt car title to operate the car again legally.

Can I Sell a Salvaged Vehicle Without Its Title in Oklahoma?

In Oklahoma, you may be able to sell your vehicle to certain junkyards without the car’s title if you have a different proof of ownership document, such as the car’s registration card. However, you won’t be able to sell your salvaged vehicle to another individual without the title. In this scenario, you can apply for an Oklahoma duplicate car title by completing an Application for Replacement of Certificate of Title for Vehicle/Boat/Motor (Form MVC 701-7).

Can I Sell My Salvaged Car Without the Registration Card?

The only time you will need your car’s registration card is if you don’t have the car’s title, and you need another type of proof of ownership document to sell your car.

How Do I Get an Oklahoma Salvage Car Title?

Once your auto insurance carrier declares your vehicle a total loss, they will notify the Oklahoma Motor Vehicle Division (OK MVD) and issue the salvage title. Be advised that you may be required to submit additional paperwork and fees. Call the OK MVD at (405) 521-3221 for more details. You can also contact your auto insurance provider for more information.

Oklahoma Salvage Car Inspections

If your vehicle is 10 model years old or newer, it must have a rebuilt vehicle inspection performed before you can apply for an OK vehicle title and registration. Vehicles that are older than 10 model years old are not required to have an inspection to change their title classification and are eligible for a standard title at any given time.

Oklahoma Pre-Inspection Requirements

To begin the pre-inspection, you must visit your local Oklahoma MVD branch. The MVD agent will give you a Rebuilt Vehicle Inspection Request (Form 788-B) and help you complete it. You will only be able to obtain this form in person at an MVD branch. Make sure to ask the MVD agent if your vehicle is required to have a serial number, so they can help you acquire one before the inspection.

After completing everything, the OK MVD agent will assign you a time, date, and location for your salvage vehicle inspection. If you must have the vehicle inspection performed at a location other than the rebuilder’s location, the OK MVD agent will authorize you for Travel and Inspection (Form 788-C), allowing you to travel to and from the inspection location.

At the Oklahoma Vehicle Inspection

When it’s time for your vehicle inspection, make sure you have the following items:

  • The vehicle’s salvaged title
  • Receipts for all the parts used to repair the vehicle
  • Proof of an active OK liability auto insurance policy
  • Payment for all applicable fees:
    • VIN and odometer reading: $4
    • Rebuilt vehicle inspection: $25

During your Oklahoma vehicle inspection, the MVD agent will do the following:

  • Compare the VIN to the one that’s listed on the vehicle’s ownership records
  • Check for fraud or tampering with the VIN and the VIN plate
  • Use the VIN analysis system (VINA) to ensure the vehicle’s description in the system matches the vehicle they’re inspecting
  • Check that the odometer hasn’t been rolled back or altered

Once the vehicle inspection is complete, the OK MVD agent will complete a Rebuilt Vehicle Inspection (Form 788-B). Keep this form in a safe place. You will need this inspection form to apply for your rebuilt vehicle title.

Oklahoma Vehicle Registration Fees

In Oklahoma, you are required to pay vehicle registration fees. Below, you will find a list of these standard fees.

Standard Oklahoma Vehicle Registration Fees

  • 1st – 4th Year: $96
  • 5th – 8th Year: $86
  • 9th – 12th Year: $66
  • 13th – 16th Year: $46
  • 17th Year +: $26

Additional Oklahoma Vehicle Registration Fees

There are additional vehicle registration fees in Oklahoma you must pay. Check out the list below.

Additional Oklahoma Vehicle Registration Fees

  • Vehicle title fee: $11
  • Transfer fee: $17
  • Insurance fee: $1.50
  • VIN Inspection: $4
  • Tire tax: varies for vehicle

Does a Salvage Title Mean a Junk Title?

Salvage and junk car titles are different, but often confused with one another. Your car will have a salvage title when your auto insurance carrier deems your vehicle a “total loss”. With a salvage title, you can keep and repair the vehicle or sell it. You can also choose to let your auto insurance provider keep the vehicle and accept a full settlement claim.

However, with junk titles, the only thing you will be able to do is sell the car to a junkyard. Vehicles that have junk titles can’t be repaired or legally operated on roads and highways.

Who Buys Salvage Cars Near Me in Oklahoma?

There are different salvage yards in Oklahoma. We suggest choosing a local salvage yard to keep things simple. You don’t have to worry about traveling long distances. Here are a handful of salvage yards in Oklahoma.

Best Price Auto Salvage
1109 S. May Ave.
Oklahoma City, OK 73108
(405) 632-7888
Monday – Friday (9 AM – 5:30 PM)
Saturday and Sunday (Closed)

Logan County Auto Salvage
2074 Brookside St.
Guthrie, OK 73044
(405) 282-6028
Monday – Friday (9 AM – 5 PM)
Saturday and Sunday (Closed)

Hodges Wrecker
502 W. Douglas Ave.
Lawton, OK 73501
(580) 357-6138
Monday – Friday (8 AM – 5 PM)
Saturday and Sunday (Closed)

B&B Auto Parts & Salvage
10900 NE 23rd St.
Oklahoma City, OK 73141
(405) 769-3341
Monday – Friday (8 AM – 5:30 PM)
Saturday and Sunday (Closed)

What Options Do I Have to Sell My Salvage Vehicle in Oklahoma?

Selling a salvage car isn’t a walk in the park, but it’s not impossible. Make sure you disclose that you are selling a salvage-branded vehicle to each potential buyer to avoid different penalties and fees!

Junkyard or Salvage Yard

Selling your salvage vehicle to a junkyard or salvage yard is the easiest selling option. You don’t have to worry about completing a lot of paperwork or having the car inspected, and you can often do so online! You’ll need to provide your car’s information, including the VIN, and the junkyard or salvage yard will give you a quote. If you are satisfied with the quote, you can continue with the junking or salvaging process, and schedule a pick-up time and date for the vehicle. You will be paid in cash or by check.

Private Sale

Selling your car in a private sale can be time-consuming, so make sure you’re willing to wait for someone to show interest in the vehicle. You can post your vehicle on different online salvage car-selling sites, such as Craigslist, Facebook Marketplace, and similar places to spread the word about your car.

Selling for Parts

If you have the time and know-how to remove your car’s parts to be sold, you can sell your car for parts. If not, you can hire a mechanic to help you. Parting out your vehicle is one way you can get the most money from selling it.

Selling As-Is

Selling your salvaged vehicle as-is, is your best option if you don’t want the hassles and frustrations of obtaining the proper paperwork, paying all applicable fees, and enduring the process of retitling your vehicle. After you sign over the car’s title, you are no longer responsible for anything that deals with the vehicle.

Common Difficulties of Selling a Salvage Vehicle in Oklahoma

You probably already figured out that selling a salvage vehicle is not like selling a clean-titled vehicle. It’s common to have a little difficulty selling a salvage-branded vehicle because a lot of buyers will be hesitant to purchase a vehicle that needs a lot of work.

On the bright side of things, there are DIY gurus who would love to take on a side project! They will jump at the chance to purchase your vehicle. That being said, try to post your vehicle on sites that specialize in DIY repairs, such as auto hobby websites.

How Do I Apply for an Oklahoma Rebuilt Car Title?

Your vehicle passed inspection! Congratulations. Now it’s time to apply for your OK rebuilt car title with the OK MVD. Make sure you take the following items with you to your local OK MVD branch:

  • A completed:
    • Application for Oklahoma Certificate of Title for a Vehicle (Form 701-6)
    • Rebuilt Vehicle Inspection (Form 788-B) – you received this form when your rebuilt vehicle passed inspection.
  • Paperwork that pertains to your rebuilt vehicle (invoices, receipts, bill of sale) for the parts that were used to repair the vehicle. (you may be required to include the seller’s contact information and the VINs for each part purchased.)
  • Payment for all applicable fees

If you need information that is specific to your unique situation, contact the OK MVD at (405) 521-3221.

How Long Will It Take to Receive My Oklahoma Rebuilt Car Title?

It can take 20 days to 1 month to receive your OK rebuilt car title. Make sure you apply for the rebuilt car title within 30 days after the car passes inspection to avoid delays in this process.