Search results
Results from the WOW.Com Content Network
Even once rebuilt and inspected, a branded vehicle must retain a permanent record of its traumatic past. Vehicle title branding is the use of a permanent designation on a vehicle's title, registration or permit documents to indicate that a vehicle has been written off due to collision, fire or flood damage or has been sold for scrap.
Salvage title vehicles have little value, especially if you decide to trade in your vehicle and get a new car later. A dealership isn't likely to accept a car with a salvage title due to the risks ...
Title brands such as "salvage," "junk," and "rebuilt" are not standardized, and a vehicle which has such a designation may receive a clean title when registered in a different jurisdiction. Further, vehicles imported to or exported from the United States and Canada are issued a clean title, even if they have been involved in an accident.
Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan. In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan.
If the title says the first person's name followed by the word "and" before listing the second person's name, then both parties must sign the vehicle title. 2. Create a Bill of Sale.
For premium support please call: 800-290-4726 more ways to reach us
The Secretary of State Police of Illinois is a statewide police force, established in 1913; it is responsible for enforcing the laws of the Illinois Vehicle Code such as regulating businesses involved with the sale of motor vehicles and vehicle parts. Its main purpose is to protect consumers against fraud through adherence to state statutes.
For premium support please call: 800-290-4726 more ways to reach us