Posted by: logitech January 26, 2017
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Majority of the people do not understand the term "salvage/rebuilt", to them salvage=khattam and that is not the case. The Lexus has clean title, it just has been in an incident/accident and the owner is selling as is with clean title.
Total loss is arrived at when a vehicle’s total damage exceeds a certain percentage of the car’s value (usually around or above 75%). Laws vary by state, but after the car is tagged a total loss the Department of Motor Vehicles (DMV) then issues it a salvage title (in car-speak, this is known as “vehicle title branding”). This means the salvaged vehicle cannot be driven or registered in its damaged state.
Rebuilding a Salvage Vehicle
Once the vehicle becomes salvage, an auto shop or car hobbyist (or even the original owner) might purchase it with the intent of repairing it. The buyer must then follow stringent repair laws before the car can be inspected. If the salvaged vehicle passes inspection and meets all requirements (these vary by state), the DMV then issues it a new title.
So as to protect unsuspecting buyers, the vehicle’s re-salvaged status will be clearly indicated on the title, forever branding it as a rebuilt car. The actual wording used on the title, branding the car as rebuilt, varies by state. Iowa, for example, uses the words “Prior Salvage,” while Maryland imprints the title with “Rebuilt from Salvage.” Regardless of the exact language, the words will be clearly visible, usually stamped, on the title.
Total loss is arrived at when a vehicle’s total damage exceeds a certain percentage of the car’s value (usually around or above 75%). Laws vary by state, but after the car is tagged a total loss the Department of Motor Vehicles (DMV) then issues it a salvage title (in car-speak, this is known as “vehicle title branding”). This means the salvaged vehicle cannot be driven or registered in its damaged state.
Rebuilding a Salvage Vehicle
Once the vehicle becomes salvage, an auto shop or car hobbyist (or even the original owner) might purchase it with the intent of repairing it. The buyer must then follow stringent repair laws before the car can be inspected. If the salvaged vehicle passes inspection and meets all requirements (these vary by state), the DMV then issues it a new title.
So as to protect unsuspecting buyers, the vehicle’s re-salvaged status will be clearly indicated on the title, forever branding it as a rebuilt car. The actual wording used on the title, branding the car as rebuilt, varies by state. Iowa, for example, uses the words “Prior Salvage,” while Maryland imprints the title with “Rebuilt from Salvage.” Regardless of the exact language, the words will be clearly visible, usually stamped, on the title.