what is a clean title verses a bad title? do accidents make you have a bad title? I was in an accident but had everything fixed does this lower the value of my car?
2007-08-02 05:27:17 · 3 answers · asked by brheanna 1 in Cars & Transportation ➔ Insurance & Registration
Clean title means there are no liens on the title. Liens can be placed on a title when there is an outstanding loan on the car or if a court action has caused a persons property to be held for payment of a debt. Automotive titles only contain information on the vehicle such as year, make, model, color, and identification numbers (VIN) There is no information as to accidents. Places like CarFax have a deal with repair shops that report work done on vehicles. Salvage titles are for cars taken to the junkyard.
2007-08-02 05:47:26 · answer #1 · answered by sensible_man 7 · 0⤊ 0⤋
Salvage or rebuilt title:
1-vehicle has been is a collision or other occurrence to the extent that the cost to repair exceeds 25% of fair market value.
2-has been a flood vehicle.
3-has been reconstructed.
Clean Title.
Has not been in an accident or damages did not cost more than 25% of fair market value.
REMEMBER: you can still get a clean title, even if the car has been in an accident.
And yes, it does affect the value on the vehicle.
Im refence to the above comment. CLEAR title is when there is no liens on the vehicle.
2007-08-02 05:48:34 · answer #2 · answered by maryestrellas 1 · 0⤊ 0⤋
there is no bad title
only clean title or salvage title.
clean title mean you never been get accident ON THE RECORD.
salvage title mean your car has been in accident ON THE RECORD.
and usually your car is wreck bad.or even can not running anymore.
2007-08-02 05:35:10 · answer #3 · answered by 0nc0m 2 · 0⤊ 1⤋