I looked at a 97 Miata today that has a Salvage title. According to Viriginia state law, that means that at the time of the accident it was deamed by the insurance company that 75-90 percent of the vehicle's value would be required to fix it. So anyway, the guy selling the car has owned it for 2 years, put 15k on it. It shows up on Carfax that it had front end damage about two years ago. Apparnelty it was salvaged and fixed. I looked and looked and besides a bad aftermarket front bumper, it looked and drove fine. I called my insurance company and they will not give me comprehensive on a Salvage Titled car. But, here's where I made a mistake. I signed a contract stating that I would buy the car when the seller obtains a valid VA inspection sticker. I know it will pass inspection but I don't want to buy this car now. Can he sue me?? I'm really sweating bullets now. Any help would be appreciated. Thanks in advance.
John