The problem with Salvaged vehicles, is that the term is way too general. A Salvage car is usually one claimed by a person to their insurance. Usually this can mean the car was in a bad accident, the frame might not ever be the same, the quality of the replacement parts would also be another factor. However, sometimes the car may have been stolen, or the the interior damaged so much, that the person who owned the car, claimed it on their insurance, because they did that, it also counts as salvaged. See Salvage cars are harder to place a value on, many banks will simply shave off 50% of the cars value, even though it may be in almost perfect condition. Some banks will refuse to accept a car, and some insurance companies will have a hard time setting a value on the car...
There is a Black/Black 1994GS with 75,000miles about 1 block from me...The exterior is in almost-perfect condition, the mechanics and ride seem to be perfect, the interior is slightly worn, seats, dirty console, etc... I was going to get this car but my bank refused it because it was salvaged. The owner is a mechanic and said he'd put it up on the rack etc.. for inspections. He's given me an asking price of $9000, $10,000 he said for anyone else.. yeah right hehe.
Anyways, a salvaged car varies in it's quality, so it's often deemed bad, even if it's been restored very well.. because it's value will always be a lot lower.