In shopping for salvaged cars or second hand vehicles, one of the most important factors you should consider is the title. There are many types of titles which describe the condition of a vehicle. It is necessary to know about these titles to ensure that you get the best possible deal on a car or vehicle. For you to understand a car with a clear title, take a look first at a car with salvaged title and try to know what does it mean.
What is a Salvage Title?
A car or vehicle is given a salvaged title if it has been stolen or repaired. It happens when a vehicle is repaired and the cost of the repair is higher than the current value of the car which is determined by the insurance company. Although the car has been restored to its factory condition, it is still a salvaged vehicle.
In simple terms, a clean title does not have this history and does not have any outstanding mortgages, loans or liens attached to it. It means that the car or vehicle is fully owned by you and only you or by someone who jointly won the car or vehicle with you. You are the only ones who have a claim to it.
In addition, a clean title also means that a car or vehicle has not been totalled in an accident or stolen. Moreover, a clean title means a car or vehicle does not fall to the following categories:
● Rebuilt or Reconstructed - a car that has been reconstructed and repaired to be fully functional and safe to drive.
● Hail Damage - means the car has a history of serious damage due to hail.
● Fire Damage - means the car has been reconstructed due to fire and the cost of the repair exceeds the current value of the vehicle.
● Flood damaged - means the car has been damaged due to flood or has been damaged due to water.
● No Actual Mileage - a car with a no actual mileage title means its odometer is broken, tampered or damaged.
Although a clean title means that you will never have to worry about paying loans or any liens, it does not mean that you will not continue to make payments such as the annual car registration payments or car insurance payments.
Now that you know the difference between a car with a clean title and a car with a salvaged title, browse through these cars and vehicles and find the car of your dreams and pay for it at the price that you want!
Start bidding now! Call the leading salvage car dealer in the US, Salvage World at (888) 529-2655 or visit http://www.salvageworld.net/