Car Titles Explained ( Salvage Rebuilt Flood Theft Lost Bonded Export Junk )
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- Опубліковано 13 лип 2024
- Lost Titles Explained we go over Salvage title Rebuilt title Lost title Bonded Title. Export only title junk title parts title lien packet
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Such great reference, for buyers as well as people new to the car business! Another note about titles and older cars: many US states either don't issue or don't require titles for cars over 20-25 years old. I took a classic car in trade last summer and had to explain to a few people that the car didn't have a title, didn't need a title, and that was normal in my state. And it's good to learn what titles from your state/states you do business in look like, that's helped me a few times.
This an eye-opener clip you don't know what you don't seek for. Great video
Today I had a thought about this content and here you read my mind. Thank you brother
Glad I could help
Lucky, fun fact and speaking from experience. Bought preowned used M5 back in the day from BMW dealer and almost 2 years later they lemoned it. So, it doesn’t necessarily needs to be brand new.
Always dropping jewels bro. Greatly appreciate
You already know! :)
Thanks again Lucky. Good stuff here.
Thanks 😁👍
Thank you , very helpful.
Great content. Really appreciate this.
Thanks 😁👍
*Aaron Palos from Life of Palos sent me and I'm glad I found you, you have a great channel!*
Welcome!! hopping I get back on Life of Palos next week :)
Thanks for the info! A lot of dealers do some shady shit
In Nc you can insure a salvage and you don’t need to do an inspection to make it rebuilt unless it’s 6 years and newer.
Back in the day I knew some crooks from Mississippi who bought high mileage cars at Big H Auto Auction in Houston. They would mail the titles to associates in Mississippi who didnt register miles on titles like Texas did at the time. They washed to titles into MS titles with no miles then sent them back to Texss where they were transfered back into Texas titles and miles listed as whatever they wanted them to be. They made bank but were known to be crooks among other dealers.
Keep grinding bro sooner or later you’ll blow up on YT! 💯
Can you get into more detail about getting a vehicle that is salvage to rebuilt? My vehicle was recently totaled and i am in the process of fixing it myself with the remaining money they are sending & had no idea I can’t drive it while it’s salvaged
And also about vehicles with no titles you mention to get it towed is that to get a totle?
@@Mrhandyhitman I appreciate that when it comes to turning your car over you just have to see what your state requires some of them it’s just getting inspected by local shop filling out a document and then bringing it into the DMV for inspections
gold advise
thanks
Thankz man 💯
❤️❤️❤️ thanks For the awesome content
Thanks for watching 😁
Arizona now has a fully electronic title transfer process even for private parties. You can still get a physical title from the DMV or transfer in person but because your drivers license holds your titles, they let you transfer online via a sales portal or a buyer portal.
Yeah I Nevada we have ELT which is electronic transfer title but we still use paper titles which is weird
@@LuckyLopez777
Hi sir I bough a car when I purchased it was a clean title ,but when I tried to register it , i received a junk certificate from the dmv , what should I do now
Sue the seller. I'd double check what classifies the vehicle as a Salvage Title for your state (if you bought it outside of your state), if you bought it in the same state, then I believe that you have been lied to.
Great video, useful information. Is there any different between clean & clear titles I see them at times .
NYS AND NJ have Lemon law for used car too
Excellent info Lucky
Thanks 😁👍
I know that there are mis statements as well as accurate information pertaining to Illinois as well as Illinois with insurance law.
I think it would be helpful if those of us that have personal friends that are 20 and 30 year employees of our state department of motor vehicles or whatever you want to name that department would sit down with those folks and input there corrections to help lucky in his quest to have a accurate one stop place for information. What Lucky is attempting here is helpful.
Thanks
Good one Lucky!
Thanks!
awesome ,I Really appreciate this
Thanks 😁👍
I had a salvage title and got full covrage and registered only had to apply for a salavage title
If you’re reading this and are stuck with a “FOR EXPORT ONLY” title I believe there is a way around this stamp. In about 1 week from this comment 10/11/21 I will upload a video explaining what process I went through and the location of where this office is located. I believe it is a third party DMV and I’m being directed here from the seller who I got the car from. He even said this office can help me bypass CHP🤞🏼
i know what your talking about. if doesnt work. as soon as they go to register it or insure it or car goes to another state will trigger red flaggs
Update guys… I feel like there’s no need to make a video since I already went to a third party office and i also went to the dmv. Anyways, third party was definitely able to help me but since my fees surpassed his limit he was not able to help me. If you have a “For Export Only” title you will need to get a Bill of sale, Break and lamp inspection, VIN verification and a smog check that is all you need to register your car. I went to the DMV 2 times with my “For export Only” title and there wasn’t a single issue I ran into because of stamp. They will ask you a few questions like…
Where did you buy the car?
Who sold it to you?
How much?
Did you fix it?
Questions along those lines just be prepared to answer their questions if so. Don’t tell them you fixed the car! The DMV I went to is located in Turlock, Ca. Look it up, there’s only one location in Turlock. Let me know if you guys have any questions or want the third party’s office info.
@@pinchevictor6945trying to register a vehicle that has a stamp “for export only” the seller fixed it, bought it at an auction, looks like a salvage car.... help? I’m in California. Any help would be greatly appreciated.
Good afternoon Lucky
I can't wait for your online school course are up and running
They are up and running we are only taking a few select students at the moment
No worries, keep me informed when you open it up to the general public. I would lim.jevto ploan to purchase your courses
I didn’t gently squeeze the like button…..I hip thrusted it.
🤣🤣🤣 Thrust for the Wins 🙌
I have seen a lot of these titles on thee COART site and was wondering what the heck! I only knew of Regular Titles, and Salvage/rebuilt. I even heard of was ahsiing the titles between states. OTT I was like IDK and not sure what it means to me, Now I know. FNG here stay in the green lane. I figure its for new horn green folks anyway right Lucky?
God bless you brother, but I have a question please I get cargo van rebuilt title is problem?
best video
Thanks :)
What about a a Jeep? Is it OK to buy a Jeep with a rebuilt title? I have found 2 of them and I like them. If I do my research and everything is OK, I just want to make sure that a Jeep is still good.
What's your opinion on cars with MCO/MSO?
I bought a rebuilt title car from Virginia an to register it in nyc I have to go through the salvage inspection but the car already went through inspection in Virginia cause it was in a flood so I don’t have no receipts to show whatever was fixed on the car. Do you have any idea what I can do? The title says rebuilt water damaged right now
Hi, Can I register a car with a reconstructed title from PA in NY? The DMV told me to file a salvage form to get the car inspected. ???
As a dealer I’m allowed to take customer to dmv register their car and the customer pays the sales tax to dmv and they get get the title mail
It depends on your state. But I usually pay my taxes at the end of the month and the customer register the car I never go to the DMV
What is Bill of Sale Parts Only available to the public / Title Group: Non-Clean ? I have seen this on copart ? Could you please help me .
Lucky appreciate the vid. Maybe you can explain this? I bought a hail damage car from IAA brokered by SCA Auctions (i'm not a dealer hence SCA). The car is a 2020 Forester. It's been a Texas car from the beginning and I myself am in Texas. I thought Texas does not salvage title a car if it's just due to hail. I am getting the title in a couple days but it seems like it may be a salvage title? I'm a bit confused by this. Even before purchasing I called IAA and asked what kind of title I would receive. After giving them the VIN they assured me it would be clean. Any idea what's going on?
Im pretty sure you can register a Export only title especially if it is already registered in IL
We tried in Chicago you may get past a small town but eventually DMV will kick it out
Can I buy doors from the junkyard when rebuilding a vehicle to get a rebuilt title?
Good day Lucky.
I am looking to export a vehicle from the USA. The problem is that a Salvage title can’t be registered in Europe. Only a Certificate of title branded salvage. What is the difference with them and what paperwork should I submit to the DMV in order to have the Salvage certificate changed to a Certificate of title branded salvage.
Thank you.🙏🏻
I’m a little confused.
I bought a car that had a salvage title on the pink slip. I never got a rebuilt title but was still able to register and insure it with no problem. Not only that, I also financed it too.
But according to you, none of that is possible with a car that has a salvage title. How did I manage to do everything that was not possible?
When you say non financeable, do you mean no car lot with sell them? Or do you mean car dealers can have them for sale but only at a cash price?
Thanks for the details. I am trying to buy a car on auction for Turo. I did a filter. Searching only clean titles and saw a nice car but on the details it says Title Code:
TN - CERT OF TITLE-REBUILT VEHICLE
What does this mean. If I buy and register, will it be a clean title?
What are the types of car titles that can be export
In California export only no problem you just have to do inspection
is that true
So as a consumer just buying a car for myself and not looking to flip. Flood, fire, theft, & salvage titles, if the repair work is done correctly and pass all inspections can be converted into rebuilt titles?
You missed it, there are 2 types of "Salvage Titles" and Insurance doesnt issue them. Insurance companies issue Salvage Certificates. People call these Salvage Titles, they are not. A salvage title term only applies to a title issued by the state, only after reconstruction and inspection. This is different type of inspection than normal yearly inspection.
Hey my car was stolen and it’s being auctioned off. I’m considering buying it back is there any issues I can expect with a theft title?
So it's ok to purchase a theft vehicle from iaai of copart?
What is regular cumulative damage
I don’t have dealer plates. If I buy a car from a police auction or Facebook etc… how do I transport it without going to jail for lack of insurance and such
I have a question: my question is if I get a car from IAAI and it has a Theft title could I legally clear the Theft off or is just waste of time!?
Title: junk , for export only already registered in California. Bought it from a seller that buys salvage cars at auctions
Hey Lucky, thanks for the great videos. One question, if I live in Florida and I buy a out of state salvage title car like from North Carolina. Would I have to take it back there for inspection in order to get a rebuilt title? Thanks.
did u solved ur issue? i’m in the same situation and i want to now what can i do to have everything set, im looking to buy a car from california with a salvage title and bring it to florida
What do the codes mean on a wa title 199905/2004
1:28 in the video there is an error. The claimant does not have the obligation to purchase a totaled car back from the insurance compnay. I think you meant to say "OPTION" to purchase the car back.
Your the 5th one lol Option to buy
@@LuckyLopez777 That means viewers are attentive!
In the dmv portal it says the title issuance date as 30 th august 2023, but I haven't received the title yet.. its 11 September 2023 today. Can anyone tell me how long it's going to take.
im considering buying sprinter van thats salvaged but the vin check says its a junk vehicle and salvaged? does that mean i cant buy or register it for the road in California?
Never buy anything JUNK titles
How do you know if the title is washed? What do you look out for in the carfax?
it will show title history
He’s saying you can’t register a salvaged title. I live in California and I own 2 salvaged title cars. They’re both registered and insured
Once you go through and inspect, Then they become able to be registered. /rebuilt. Aka a blue title instead of a orange title
How about (RECONSTRUCTED TOTALED) pls respond I will appreciate so much!!
that means rebuild
I appreciate that you are knowledgeable, however, you're making too many generalizations which aren't accurate. For example, CA and SD both accept an export only, an MS junk title can be converted into a rebuilt (it's stated on the DMV website) (I believe KY as well) and insurance companies can and do insure salvage (not yet rebuilt) vehicles (Progressive).
I just bought a car with "For export only” stamp on the salvage certificate, do you think I can register and get a title? I’m in Riverside, Ca.
@horaciomontero2607 My car had an export only stamp on the Salvage Certificate. I went to the DMV in Palm Desert and explained that it was a mistake. She gave me an affidavit to sign, crossed out the export only and that was that.
So we bought a 2003 Mazda protégé 5 supposed friend 1,800.00 take the title to dmv ...branded title exceeds manufacture timits.i never filled in name or gave the seller the white top portion of the title he's wanting it to turn I don't want this salvaged title problem..I asked him for money back ..he.never mentioned any of these things prior to me giving him the money isn't he suppose to do thay
Someone is trying to sell me a “bonded title” it looks like an actual title and has their name on it. How can I know if this is the real deal??
Hey Lucky, question: what about salvage title classic cars? I bought a dozen classics from USA and imported them over here to Europe, and we are fully restoring most of them (I mean full rotisserie restorations), and some of them have clean titles and some of them have salvage titles (since most of them I bought from Copart and Iaai). Here in Europe, Clean or Salvage is not a problem, because cars (when finished) have to go through all kinds of inspections and when passed, they get EU title and is good to go anywhere. But what about US market? I mean, what if we decide to reimport some of the classics from here in Europe back to USA when the cars are complete and finished, just because there's a better market for some models there than here in EU. Will the salvage titles damage the value of a fully restored classic car? Is it insurable and financeble? (as I know financing is different for classics in US).
I thank you very much in advance for your knowledge, been watchin all your videos for the past few years and they helped me a lot.
P.s. The cars I'm talking about are first gen Camaro, C3 vettes, 55 Thunderbird, Old Broncos, Ramcharger, Range rover and so on - everything way older than 30 years.
THANKS AGAIN!
over seas they dont car. just dont send them back to the US or the will be branded export only
There’s a dealer where I live called Autosource I thought about buying from. I think they have a location in Vegas as well. They say their cars are “Branded Title” What does that mean? I don’t mind buying rebuilt title but branded? 🤔
I dont if I get them for cheap. Autosource sells them for almost retail.
@@LuckyLopez777 is Branded Title a legit title then?
@@poetic8tradegy yes. Some cars are totaled out for a very little reasons you just have to check because most insurance companies wanna ensure a salvage rebuilt car and if you get in an accident they’re only going to pay 50 to 70% of the value
If I buy structural damage car in California, I wonder will that show on my new title ?
If it’s Frame. Yes. The auction announces it then it sticks on the Auto check
Hey brother, I'm betting on a car in iaai, but it says (TITLE : DEALER ONLY ) what does that mean? Do you think I can register it if I buy it?
you have to be a dealer to buy it. not open to public
I think you meant to say you have the "option" to purchase the salvaged vehicle, not the obligation. You are not obligated in any way to purchase the salvaged vehicle.
you have the right to buy in from the insurace company
Every state may be different on this one. In Illinois I hold my insurance license. The company that I work for is the car must be nine years or older to have the option to buy it back as a total. The insurance company knows what the car should bring at a vendor such as Copart and that is the dollar amount that they takeoff the total settlement number.
Bought my Fairmont back. Got salvaged title. Fixxxed car. CA State safety - Brake Light Smog check. Certs. Registered. Insured for LIABILITY ONLY NO comp and collision. And with ACV insurance any way you already been paid for vehicle.
A Gf left a truck at my house and disappeared, there’s no title no tags and it’s not hers . What do I need to do to put it in my name or sale it ? Or find out if it’s stolen ? And if it’s stolen should I just have someone pick it up ?
POLICE INSPECTION COST 5 DOLLARS IN INDIANA WILL TELL YOU IF STOLEN
So you can throw a dealer tag on a some of these questionable titles and drive them?(the Gallardo you mentioned)I had a local dealer tell me they bought “export only” cars, repaired them, drove them for a while, then shipped them out. Would you have any serious issues if you got in an accident?
If you get into an accident your insurance company would only pay what the Junk value of the vehicle is.
Is original title the same as clean title ?
Clean is a type of brand of title. original title is to show 1 owner
USAA will insure a salvage title fyi
USAA will not they will do a rebuilt car but not salvaged. They always say salvage but they mean rebuilt
@@LuckyLopez777 I defer to your expertise. However, they insured a salvage title for me two years ago and I also verified with them specifically about salvage titles when I registered last month to bid on Copart auctions, which your vids have been a great educational tool. Much appreciated!
What if you lose a title at your dealership how would you get a new title?
always make copies and have customers sign POA so you can alway file for a new title. and if you buy at auction they can get you copies
@@LuckyLopez777 thanks for that tip as a new dealer I swear I’ve lost more money than I’ve made just on not being well informed…In GA you go to a 1.5 hr seminar in which you learn basically nothing and then you get your license and you don’t know anything… all I’ve done is screw up and get fined and make mistakes that cost me money but I love the industry so I’m going to stick it out until I either go completely broke or I learn how to run a dealership the right way lol.