A branded car title is when a car has been totalled, or had significant damage, such as fire damage or flood damage. Also if the car has been almost completely reconstructed. There is almost no resale value left in a branded car so keep this in mind when purchasing a branded car. Don't buy a branded car for kbb value, they are worth practically nil and should be considered carefully before purchasing as they may need a lot of repairs and maintenance compared to a comparable non-branded car.
2013 Toyota corolla
Yes, but the branded title must state that the car has been restored or repaired.
Yes, but the branded title must state that the car has been restored or repaired.
Nope, but full disclosure is a must! The title should be branded so the buyer will know anyway.
Yes you can. To add to the answer yes you can, it comes with a caveat. A vehicle with a branded title is worth 35% less than that of a non-branded title as it relates to fair market value. So, if you have a comprehensive or collision claim, it must be realized that the car does not have the same value as a vehicle with without a branded title. These vehicles are more apt to go total in the event of the claim. The insurance company only has to make you whole and not better you.
It will be printed on the front of the title.
Once you have sold the car you do not have to supply the title . It would be helpful to the buyer but cars are bought and sold with out titles all the time. If the title is branded (Unclean) that is something out of your control. It seems the buyer might have wanted to know that before they purchased.
Yes
Generally speaking once a title has been branded as a "lemon" the title cannot legally be changed unless you can prove to your Secretary of State or Department of Motor Vehicles that the title should not have been branded as a lemon.
what happens if you buy a car unaware of salvage title? well, if it was from a dealer you have recourse. if it's from a private seller, too bad...UNLESS they sold you the car with a clean title when they knew it was salvage. did you look at the title before you bought the car? if it was clearly branded as salvage or totaled you're out of luck but if it was a clean title when it actually wasn't you can try and get a refund from the seller or sue. If you sue you will have prove the seller knew the title was salvage at the time of sale. good luck!!
Once a salvage title always a salvage title. You may get totaled/reconstructed or some other wording but the car will never be clean again, it will remain branded and it is illegal to do otherwise.To remove the 'salvage' on the title would defraud the next buyer. It would be unethical and probably illegal.
Once a vehicle has an Ohio Salvage title assigned, the history remains with that VIN until the vehicle is scrapped. The Registrar in your county will issue a Repaired Salvage , or "branded" Title that you can get your license plates with. You cannot obtain a Clear title for this car.
Not possible. It used to be that some states provided a clean title upon meeting state inspection requirements but Congress has passed a law that requires all states to label the title as such. Individual states may differ in the nomenclature labeling these vehicles as: "salvage", "rebuilt", or "branded".