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  2. Salvage title - Wikipedia

    en.wikipedia.org/wiki/Salvage_title

    Experts recommend caution when purchasing a salvaged vehicle, because there may be hidden damage, [3] which, if unrepairable, may render the vehicle a "pile of parts." [4] A junk title is a different classification for cars that can only be used for parts or scrap, and are not to be repaired to road-worthy conditions. [5]

  3. Wrecking yard - Wikipedia

    en.wikipedia.org/wiki/Wrecking_yard

    In some cases, when the car has become disabled in a place where derelict cars are not allowed to be left, the car owner will pay the wrecker to haul the car away. Salvage yards also buy most of the wrecked, derelict, and abandoned vehicles that are sold at auction from police impound storage lots, and often buy vehicles from insurance tow ...

  4. Vehicle title branding - Wikipedia

    en.wikipedia.org/wiki/Vehicle_title_branding

    A deterrent to auto theft: If a vehicle is a complete loss due to an accident, its serial number (VIN, Vehicle identification number) and registration documents could still be of potential value to persons dealing in stolen cars. The diminished sale value of a title branded vehicle reduces the profitability of switching the registration and VIN ...

  5. Defunct Kenmore auto dealer agrees to pay thousands ... - AOL

    www.aol.com/defunct-kenmore-auto-dealer-agrees...

    The lawsuit accused the business and its owner of failing to provide vehicle titles to dozens of car buyers. SJ Motorworks and its owner, Shane Beers of Akron, will pay $37,370 to the Ohio ...

  6. Buying a Car in 2024? Junk Fees Will Be a Thing of the Past - AOL

    www.aol.com/finance/buying-car-2024-junk-fees...

    The Federal Trade Commission (FTC) is cracking down on junk fees.The new rule is expected to save consumers more than $3.4 billion, the FTC said. The FTC’s rule goes into effect on July 30, 2024

  7. California DMV puts 42 million car titles on blockchain to ...

    www.aol.com/news/california-dmv-puts-42-million...

    California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process, the agency's ...

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