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These cars have "rebuild" or "rebuild salvage" annotation in the title and can be registered and operated just like a car with a clean title. Cars that previously had "junk" title and were restored to road worthy condition get a new title and VIN after state inspection. The new VIN will not match any other VIN numbers on the vehicle doors or ...
The title branding programs typically have two objectives: A deterrent to auto theft: If a vehicle is a complete loss due to an accident, its serial number (VIN, Vehicle identification number) and registration documents could still be of potential value to persons dealing in stolen cars.
At the salvage yard, the automobiles are typically arranged in rows, often stacked on top of one another. Some yards keep inventories in their offices, listing the usable parts in each car, as well as the car's location in the yard. Many yards have computerized inventory systems. About 75% of a vehicle can be recycled and used for other purposes.
A clear title, also known as a “clean title,” is a property title that is free from liens or additional issues that could jeopardize ownership, such as boundary disputes (encroachments) or ...
With this type of filing, you create a repayment plan for all your debts, including your car title loan. Throughout the repayment period, usually three to five years, you will make your payments ...
Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.