Salvage Title
A salvage title is a designation given to a vehicle that has been damaged and deemed a total loss by an insurance company. This typically occurs when the cost of repairs exceeds a certain percentage of the vehicle's value. Once a vehicle receives a salvage title, it cannot be legally driven until it is repaired and inspected.
After repairs, the vehicle can be rebranded with a rebuilt title, allowing it to be driven again. However, vehicles with salvage titles often have lower resale values and may face challenges in obtaining insurance. Buyers should exercise caution when considering such vehicles.