Monday, October 24, 2016

What Does the Title Status of a Car Mean?


Ever wonder what the different car titles mean? When looking to purchase a used car, you have to understand the title status of vehicles. A car's title is a label that describes the condition of the car, whether it is clear or a vehicle has been written off due to collision, fire or flood damage or has been sold for scrap.

What Is the Difference Between a Clean Title and a Salvage Title?

https://www.yourmechanic.com/article/what-is-the-difference-between-a-clean-title-and-a-salvage-title

When you purchase a vehicle, you're supposed to receive a title showing transfer of ownership. Several types of titles exist, and you need to understand the difference between a clean title and salvage title before you buy a used vehicle.

Why Buy a Car With a Clear Title?

http://www.wrenchapart.com/used-vehicles-in-lubbock-tx-why-buy-a-car-with-a-clear-title/

Some salvage lots sell pre-owned vehicles that are still drivable. In many cases, these automobiles can be separated into two groups: those that have what is known as a “clear title”, and those that have what is called a “salvage title.” If you plan to buy a pre-owned vehicle from a salvage lot, it is important to know the difference between these types of car titles.

What is a rebuilt title or a salvage title?

http://www.carinsurance.com/rebuilt-title.aspx

The definition of a rebuilt title or salvage title depends on the state in which you live and laws specific to that state. Normally, a car becomes a salvage vehicle after an insurance company has declared it to be a total loss after an auto accident.  It then can be sold ("AS IS") to an automobile rebuilder to be used either for parts or to be restored ("rebuilt").

Should I Purchase a Used Car with a Salvaged or Branded Title?

http://allaboutautomotive.com/blog/should-i-purchase-a-used-car-with-a-salvaged-or-branded-title/

On the market of used cars today, there are a lot of branded/salvaged title vehicles for sale, generally in the privately owned market. The general rule is that if a vehicle has a branded/salvaged title it has a value of about 50% of what that vehicle with a clean title would be worth.

What Are the Risks of Buying a Rebuilt Car?

http://www.ebay.com/gds/What-Are-the-Risks-of-Buying-a-Rebuilt-Car-/10000000177635212/g.html

Undoubtedly, the purchase of an automobile is among one of the most involved and important that there is, with several aspects and details to be taken into account. Regardless of the budget or of the lifestyle of the buyer, chief among these considerations are safety and reliability. When shopping for a used vehicle in particular, there is a variety of things that needs to be checked and double-checked to ensure that the vehicle is everything that it is advertised to be.

Tips for Buying Rebuilt Cars

http://www.consumerreports.org/cro/2012/12/the-problem-of-rebuilt-wrecks/index.htm

Repairing and reselling “salvage” vehicles is a very large business. While it is possible to restore such a vehicle to good condition, rebuilders often cut costs to make a profit. Even if they try to do a good job, no one can predict the crashworthiness and mechanical reliability of those vehicles.
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