Selling a car can be a frustrating task. Selling a salvage car can be even more stressful. There’s a lot of paperwork involved in the salvage car selling process, so be ready to visit the Wyoming Department of Transportation (WY DOT) at least twice. We’re here to help you from the start of the salvage selling process to the end. Let’s discuss everything you need to know to sell your salvage car in Wyoming.
The process involved in selling a salvage car can be more involved than you anticipated. The best thing you can do is be prepared. As we previously stated, this process will be completed through the WY DOT/DMV.
All forms you are required to submit, such as proof of identification, and other documents will be submitted to the WY DOT. If you choose to rebuild your salvage car to legally drive it again, you will also visit your local WY DOT branch. We’ll talk about rebuilt car titles later on in this article. For now, let’s define salvage cars, so you know what you’re dealing with.
The WY DOT defines a salvage car as one that has sustained extensive damage from a wreck or other accident that an auto insurance company declares the vehicle a “total loss”. Also, the cost to repair the car would exceed at least 75% of the car’s actual cash value. Be advised that this requirement does NOT apply to vehicles with over 8 years of service, commercial vehicles, or trailers.
A car’s actual cash value (ACV) is its replacement cost minus its depreciation. Did you know your salvage car has value? It’s true! Although your car won’t be worth as much as it was before the damage, it’s still worth cash. Speaking of your car’s ACV, you should also know that the ACV reflects the car’s accounting value, and not necessarily the car’s economic value. This means your vehicle could be more or less valuable than its ACV when/if you sell it.
Total loss claims are insurance claims. If your car is involved in an accident where the car is totaled, you’ll file a total loss claim with your auto insurance provider. Total loss claims occur when the cost of repairing or restoring damaged property, such as a vehicle, exceeds its insured value. For instance, your car may have been involved in an accident, fire, flood, or any other instance where the property is extensively damaged.
In these cases, your auto insurance company will likely decide to replace the old property with a new equivalent or pay the actual cash value of the property.
When it comes to settlement options, you can accept a full or a partial settlement. Once your vehicle is deemed a total loss, your auto insurance provider will likely offer either a full or partial settlement.
When you accept a full settlement, you are accepting a full payout from your auto insurance provider minus the deductions. Your auto insurance company assumes ownership of the vehicle. Besides satisfying any applicable liens, the vehicle becomes the auto insurance provider’s responsibility.
If you accept a partial settlement, you will keep your vehicle. You can apply for a Wyoming salvage car title and repair the car. Once your car passes inspection, you can apply for a rebuilt car title. You can also sell the car for parts or sell the entire car to a scrap yard, junkyard, or vehicle recycler.
Be advised that you or your lienholder can declare the car a total loss and apply for a salvaged title without involving your auto insurance provider, assuming the car meets the repair cost criteria. Call the WY DOT for more information at (307) 777-4375.
Salvage and rebuilt titles are often confused. So, let’s clear the air! A salvage title is what your car has as-is with no repairs or alterations. The salvage title is the title you’ll apply for AFTER you make the repairs and your car passes inspection.
You don’t want to be on the wrong side of the salvage title process. Salvage title fraud is a significant topic if you plan on selling your salvage car, even if you choose to make the necessary repairs, then sell your car.
While it’s not a crime to sell a salvage car in Wyoming, it is, however, a crime to sell your salvage car to a buyer who doesn’t know the car is a salvage. You can easily avoid salvage title fraud by disclosing your car is a salvage, and is also required by Wyoming law.
If your car has any of the following branded titles, your car is considered a salvage:
- Warranty returned
- Flood damaged
- Damaged payback
The following are the documents required to sell your salvage car in Wyoming.
- Car Title: The car’s title is the most essential document that is required when selling your salvage car in Wyoming. You are required to fill out the title assignment on the back of the car title certificate and sign it. All owners of the vehicle (the names that appear on the car title, if more than one) must sign the title before the vehicle can be sold.
- Bill of Sale: A Wyoming bill of sale is not required but is recommended. You need to give a copy of the bill of sale to the buyer and keep a copy for yourself. The bill of sale can be used to verify the details of the sale with the WY DOT.
- Lien Release: If your car currently has a lien on it, you may be required to submit proof of a lien release.
- Salvage Certificate: If you’re selling your salvage car to a junkyard, you must complete specific paperwork, and the vehicle identification number (VIN) must match the car’s description. The information the junkyard collects from salvage cars must be reported to the State of Wyoming. The VIN helps provide the required information for reporting.
If you have questions or concerns regarding this process, call the WY DOT at (307) 777-4709.
Although the WY DOT does not require a bill of sale, we recommend that you have one for yourself and the car’s buyer in case something needs to be clarified. You’ll want to make sure the following information is included in your Wyoming bill of sale:
- Date of sale
- Make, model, and year of the car
- A complete description of the vehicle (color, body, style)
- Vehicle identification number (VIN)
- Odometer reading
- Buyer’s full name and address
- Seller’s full name and address
- The purchase price of the vehicle
- You and the buyer’s signature
You’ll need the car’s title to salvage it. If you’ve misplaced the car’s title, you’ll need to apply for a duplicate car title by completing an Application for a Certificate of Title and VIN/HIN Inspection Form (Form MV300A) and submitting it to your local WY DOT branch.
Likely, you won’t have to worry about providing your car’s registration. A car’s registration card is essential, but it is not required to sell your salvage vehicle. As long as you have the car’s title, you’ll be fine.
You can apply for a duplicate car title in Wyoming in person or by mail. Here are the steps you’ll need to follow for both instances.
To apply for a duplicate car title by mail, you’ll need to do the following:
- Visit your local WY DOT branch. Make sure this branch handles titling.
- You must complete the Duplicate Certificate of Title Application and Affidavit (Form 202-022). This form must be signed by all owners of the vehicle and it must be notarized.
- You must have the vehicle model, make, year, and VIN as well as the car’s registration. Your photo ID is also required.
- Payment for the $15 duplicate title fee
To apply for a duplicate car title by mail in Wyoming, you must take the following steps:
- Follow the same steps listed above by completing the form and having it signed and notarized. You need to include copies of the information requested.
- Enclose the $15 duplicate title fee
- Send the required information to your local WY county clerk. The state of Wyoming deals with duplicate titles on a county-by-county basis rather than state-wide.
To apply for a salvaged title in Wyoming, you must submit the following documents and payment to your local WY DOT:
- Car title (must be in your name)
- A completed Application for Certificate of Title and VIN/HIN Inspection Form (Form MV-300A)
- Documentation that confirms your car’s total loss status, such as the following:
- A letter from your insurance company detailing your total loss claim settlement
- An appraisal from an independent entity (if you didn’t involve your auto insurance provider)
- Payment for the $15 title fee
You will submit the above documents and payment to the county clerk’s office that issued your car’s original title. Once you have the salvaged title, you can start repairing your vehicle!
After you’ve made the necessary repairs to your salvage car, you’ll need to attach the decal and take your rebuilt vehicle and Certification of Correct VIN form to a law enforcement agency, which is usually a sheriff’s office or city police station. Call ahead to make the process smoother.
The officer will inspect the rebuilt salvage vehicle decal and the VIN for theft prevention purposes. It costs $10 per inspection and per VIN if you have the inspections performed at different times. If you have both inspections performed at the same time, you will pay a single $10 fee.
Once your car passes the inspections, the officer will sign off the Certification of Correct VIN application, and you can apply for your rebuilt car title!
You won’t be able to register a salvage car in Wyoming. You can, however, register a once-salvage car that has been rebuilt to Wyoming’s standards and passed the VIN and decal inspections.
In Wyoming, the WY DOT charges county and state fees for vehicle registrations. Here’s what you need to know.
The county fees in Wyoming vary by county. These fees are property taxes that are based on the price listed on your title and the year of service rate, or valuation percentage. You can use the following formula to calculate your county fee:
Factory cost x year of service rate x .03 = county fee
The following are the service rates:
- 1st year: 60%
- 2nd year: 50%
- 3rd year: 40%
- 4th year: 30%
- 5th year: 20%
- 6th year: 15%
The following are the Wyoming vehicle registration fees:
- Passenger vehicles: $30
- Trucks and trailers: $5 to $90
- Motorcycles: $25
- Campers: $30 to $90
- Temporary vehicle registration fee: $50 per month
- Temporary in-transit permit: $20 per vehicle (valid for 48 hours)
For more information about specific fees in Wyoming, contact your local county treasurer’s office directly.
You have your fair share of salvage yards in Wyoming. It’s in your best interest to choose a salvage yard that is local to you. We’ve listed a handful of WY salvage yards for you to choose from.
Black Hills Auto Salvage
110 Old Highway 85
Newcastle WY, 827101
Monday – Friday (9 AM – 5 PM)
Saturday and Sunday (Closed)
Wyoming Salvage Co.
2222 Snyder Avenue
Cheyenne, WY 82001
Monday – Friday (8 AM – 4:30 PM)
Saturday and Sunday (Closed)
Mr. R’s Auto Salvage
321 Tw Rd.
Buffalo, WY 82834
Monday – Friday (8 AM – 5 PM)
Saturday and Sunday (Closed)
7508 Tate Rd.
Cheyenne, WY 82001
Monday – Friday (8 AM – 5 PM)
Saturday and Sunday (Closed)
Not so fast! You won’t be able to obtain an auto insurance policy on your salvage car. You must rebuild/repair the car first, then the car must pass the VIN and decal inspection. Once you complete these steps, you can apply for a WY rebuilt car title, and then apply for auto insurance. Be advised that you may not be able to obtain full coverage on your rebuilt vehicle, but it can be insured.
Unfortunately, you’ll need the car’s title to salvage your car in Wyoming. If you don’t have one, you can get one by applying for a duplicate car title. You’ll need to complete a Duplicate of Title Application and Affidavit (Form 202-022) and submit it at your local WY DOT.
You have different options if you want to sell your car in Wyoming. The first thing you need to do is set realistic expectations. Keep in mind that you’re not selling a brand-new vehicle, so you don’t expect the price tag to match a vehicle that’s in mint condition. Let’s talk about your salvage car selling options in Wyoming.
In a private sale, you’ll sell your car to another individual and not a business. Selling your car in a private sale is a good option if you’re not in a rush to sell your car. With this selling option, you have the opportunity to find your “ideal” buyer.
Selling your car to a salvage yard or junkyard is another option. You should choose this selling option if you want to make a quick buck and not have the hassles of completing specific paperwork and repairing the vehicle.
You can also part out your car, which is a great option if you want the opportunity to make a nice penny. However, if you’re not too familiar with mechanics, don’t frustrate yourself. You can hire a mechanic to help you determine the most valuable parts of the car and help you get the most money.
If you don’t want to repair your car or do anything with the car, you can sell the car as-is. Since you’re not repairing the car, you also don’t have to worry about passing inspections and applying for a rebuilt car title. After you sell the car the car, all responsibilities of the car fall upon the new owner.
Selling a salvage car is often more difficult than selling a car that doesn’t have a salvage or rebuilt title. As you know, there are different ways to sell your salvage car. However, it’s in your best interest to choose the option that you are most likely to see from beginning to end.
You could face a few setbacks or have difficulty selling the car because of its salvage brand title, but don’t let that get you down too much. You may be surprised at how many mechanics and car enthusiasts are willing to take the car off your hands and embark on a DIY adventure.
However, when you’re selling a salvage car, you are required to disclose that your car is a salvage. Failure to disclose the car’s status (the salvage brand) can result in unnecessary fees and penalties. The best policy to have when selling a salvage car is honesty.
After you’ve rebuilt your salvage car, you must apply for a rebuilt salvage vehicle decal by sending a completed Application for Rebuilt Salvage Vehicle Decal (Form MV-600) and a copy of the car’s WY salvaged title. You will also need photos of the repaired vehicle.
You can mail the above items to the following address:
Attn: Motor Vehicle Services
5300 Bishop Boulevard
Cheyenne, WY 82009
Once you receive the decal, you need to attach it to the driver’s side door jamb on your rebuilt salvage car. If you have a rebuilt motorcycle, you must attach the decal across from the vehicle identification number (VIN) on the fork crown, making sure the VIN remains visible.
The decal is essential because it discloses the car’s once-salvaged status to any potential buyers, you’re legally required to have one on your rebuilt vehicle before you can proceed further towards getting your car back on the road.
The county clerk will include a Certification of Correct VIN form with the rebuilt salvage vehicle decal. Make sure you keep up with this form! You must have this form to have your car inspected.
It can take 4 to 8 weeks to receive your WY rebuilt car title. However, the time it takes to receive your rebuilt car title depends on how long it takes you to make the necessary repairs and pass the inspections.
Although your rebuilt car still has value, it won’t have the same value as a car that is the same model with a clean title. Vehicles that have a clean title do not have a salvage brand and don’t have damages that exceed at least 70% of the car’s fair market value.
Since your car has been deemed a “total loss” it will affect the car’s value, but the car retains some of its value. Even if you rebuild the car to make it operational legally, the car will not have the same value it had before the damages occurred.
Certainly! Once you have your WY rebuilt car title, you can obtain auto insurance. However, since your car is a rebuilt/repaired car that once had a salvage title, you may not be able to obtain a full coverage policy. If your driving record is decent, you probably won’t see a drastic increase in your auto insurance premiums.