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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.
Some people can purchase reliable salvage title cars at great prices, especially when the damage to the vehicle was purely cosmetic or if the car has been rebuilt.
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.
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The laws on salvage titles and rebuilt or restored titles will vary based on your state. The best way to determine whether you need to apply for a rebuilt title in order to drive your salvage ...
Montana - Required when titling a vehicle with no title but a clean VIN report. Only to verify the VIN matches the bill of sale for vehicles with no title. Nebraska – Required when registering an out-of-state, rebuilt, or salvage title vehicle; Nevada – Required when registering an out-of-state vehicle for the first time in the state [52]
In real estate, clear title and clean title are used interchangeably to refer to a home title that is free of liens or other issues. Yes, it’s possible to buy a home without clear title, but it ...
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.