Salvage pool means the business of selling at auction wrecked or salvage vehicles, as defined in section 321.52.
Salvage pool means any person providing a storage service for salvage vehicles or nonrepairable
Salvage pool defined. “Salvage Pool” means a business which obtains motor vehicles from:
More Definitions of Salvage pool
Salvage pool means any person providing a storage service for salvage vehicles or nonrepairable 960 vehicles who either displays the vehicles for resale or solicits bids for the sale of salvage vehicles or 961 nonrepairable vehicles, but this definition shall not apply to an insurance company that stores and 962 displays fewer than 100 salvage vehicles and nonrepairable vehicles in one location; however, any two 963 or more insurance companies who display salvage and nonrepairable vehicles for resale, using the same 964 facilities, shall be considered a salvage pool.
Salvage pool means any person or business which regularly
Salvage pool means any person or business which regularly conducts a salvage disposal sale.
Salvage pool means a licensed vehicle dealer engaged primarily in the business of disposing of salvage vehicles, recovered stolen vehicles, or both.
Salvage pool means any person or business which regularly conducts a salvage
Salvage pool means a wholesale vehicle auction that meets the following requirements:
Salvage pool means a wholesale vehicle auction that meets the following requirements:• Holds and offers for sale damaged motor vehicles at wholesale on a bid basis.• Is licensed as a wholesale dealer by the Department of Transportation.• Only allows vehicle bidding and purchasing by people who hold a valid Buyer Identification (BID) Card. ACQUIRING A SALVAGE VEHICLE – Wis. Stat. §218.52You must have a valid Buyer Identification (BID) Card to bid on or buy salvage vehicles at a salvage pool auction.Salvage pool auctions are required to provide title on the day of sale unless a vehicle is sold “title-absent.” Title-absent means the buyer and seller have agreed to complete the sale even though the title will be delayed. Wisconsin regulations allow the purchasing dealer to rescind a purchase if the auction is unable to provide clear title within 14 calendar days after the date of sale. We recommend that you wait to repair the salvage vehicle until you have received the title. Otherwise, if the sale is rescinded, the cost of those repairs may need to be disputed in court.If you purchase a salvage vehicle, you are required to promptly apply for a Wisconsin salvage title if either of the following is true:• The reassignment areas on the title are full.• The vehicle is a salvage vehicle that does not yet have a salvage title.SELLING A SALVAGE VEHICLE – Wis. Admin. Code Trans 139.04(5)(c)2.When you sell an unrepaired vehicle that is titled as salvage, you are not required to complete and display a Wisconsin Buyers Guide. However, you must include the following consumer warning on the motor vehicle purchase contract: