Are you concerned about which title should you look for while choosing a car on the auction?
It is not so hard as you think!
In this article you will find the answers for all your questions. We will explain you what titles exist on US auctions. It will help you to make the right choice by yourself.
So, let's start!
Clear (Original) title
This title means that the car was not stolen, or in a serious accident. The Clean title is rare on the auction - only 5-10%.
Cars with such a certificate are difficult to bargain cheaply since they can be registered and operated in the US domestic market.
Which is why local buyers raise the bid very high, and it can become an uncompetitive event for you. But there are still always chances.
You can export the car with such title, but only through official dealers.
Because if you won the auction on your own, you may not be given a blank certificate - only the "bill of sale" with which you cannot export the car.
Salvage title
You can meet this kind of certificate at US auctions most often - approximately 75-85%.
The title means that the car was in an accident and the cost of repairs exceeds 50% of the cost of the whole car. In some states, the cost of repairs may be 75%. It can be done for the car to be scrapped.
In general, the insurance company estimated the damage of the car to be more than 50% of the cost of the whole car and decided that spare parts and repairs were inappropriate. The insurance company pays the cost of the whole car to the owner, and the car goes to auction. The Salvage title also can be issued in case of theft.
You can export the car with such title. It is most optimal for bidding, where local players participate but not so actively, because such a car in the US domestic market will cost 30-40% cheaper than with a pure certificate.
Cars with this title are mainly with very large damages, "drowned" ones, written off by car dealers. But still very good options often come across.
You can export the car with such title. There is a high probability to take such car cheaply because local buyers practically do not participate. Such a car cannot be registered on the US domestic market.
Non-repairable (Destruction) title
Cars with this title are mainly with very large damages, "drowned" ones, written off by car dealers. But still very good options often come across.
You can export the car with such title. There is a high probability to take such car cheaply because local buyers practically do not participate. Such a car cannot be registered on the US domestic market.
Bill of sale
With such a document you cannot export a car, you cannot register it on the US domestic market, only buy it for disassembly.
However, there is one exception: WA Bill of sale - the one in Washington state, because in this state there are no Salvage certificates at all, only Bill of sale.
You can export the car with such title. But the paperwork will take about 2 months, and the cost of the service is $375.
Junk Receipt
This document does not give you the right to export or register a car in the US domestic market, so you can buy it only for parts.
However, as always, there is one exception: it can be converted into a Salvage title. To do that you have to wait 2 months and it will cost you about $375.
Parts only
The export of such car is not possible, and you cannot register it in the USA.
Reg 262
You can take such a car only for disassembly. You will not be able to get it out of the country and register.
MV-907A
This is a Junk-passport of the state of New York. This tech. passports must be checked for debt by data bases of insurance and leasing companies.
It is also possible to convert it to Salvage to be able to export, and this will take you about 4-6 weeks and an additional $375.
