A branded title on a vehicle indicates that the car has sustained significant damage or has a history that affects its value and safety. These brands are assigned by the state's Department of Motor Vehicles (DMV) after an incident. Common brands include:
Salvage Title: This usually indicates that the vehicle has been declared a total loss by an insurance company due to extensive damage, often exceeding a certain percentage of its pre-damage value. Examples include damage from collisions, floods, or fires.
Flood Damage: This indicates the vehicle has been submerged in water to a point where it could cause mechanical, electrical, or structural damage. Saltwater immersion is particularly problematic.
Rebuilt Title (also called "Reconstructed"): This means a vehicle with a salvage title has been repaired and inspected to meet safety standards. However, the title will still carry the "rebuilt" designation, impacting resale value.
Lemon Law Buyback: The manufacturer repurchased the vehicle due to recurring, unfixable problems covered under the state's lemon law. These vehicles are often resold, but the title must reflect their history.
Odometer Discrepancy: This suggests the odometer reading is inaccurate, potentially indicating mileage tampering or a replaced odometer.
Damage Disclosure: This indicates that the vehicle has sustained significant damage but does not meet the threshold for a salvage title in that particular state.
Important Considerations:
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