As legal proof ownership, car titles are one of the most vital documents to have for a vehicle. But titles are not just issued for cars, trucks, and SUV’s. They are also issued for anything else that is motorized, including boats, motorcycles, RV’s, and more. If you are preparing to buy or sell a used vehicle, or any other motorized asset that requires a title, be sure you are familiar with the proper terminology to better understand the process.
Continue reading to learn the 3 most common types of car titles, and when they might be issued to a particular vehicle.
Standard Car Titles
The three most common types of car titles you are likely to encounter when buying or selling a vehicle include clean titles, salvaged titles, and rebuilt titles. The type of car title issued for a particular motorized vehicle will depend on the vehicle’s condition, history, and current market value. Here are some details to help you understand the difference between these 3 car titles:
Clean Car Title – A clean car title is the best title to have because it means the vehicle has never experienced severe damage. All brand new cars come with clean titles (or at least they are supposed to under law).
Salvaged Car Title – When a car is so badly damaged or defective that the price to restore it would be more than its current value, it is issued a salvaged title.
Rebuilt Car Title – When a vehicle is so badly damaged that it is declared totaled (making it a candidate for a salvage title), but the car owner decides to rebuild it, it can be issued a rebuilt title so long as all qualifications are met. This is also called a reconstructed title. This lets all future buyers know that the vehicle was once severely damaged, but then restored.
Where to Sell a Junk Car in Kentucky
Call GC’s Junk Cars at 502-804-5605 to sell a junk car in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we also payout the highest returns for junk vehicles in Kentucky. Just accept our offer and we will come pick up your junk car! Contact us today to request a free estimate!