A car with a reconditioned title is usually one that has been in an accident or other serious incident that resulted in the car being classified as a total loss by an insurer. Some states call this a "salvage" title.Know More
Not all cars with a reconditioned title have been damaged, however. In some states, insurers classify recovered stolen cars as reconditioned if the owner has been compensated, whether the car is damaged or not. Additionally, many classic cars that have been extensively rebuilt have a reconditioned title.
In order for a car to get a reconditioned title, it must pass a safety inspection before it is road-legal. Most states also require dealers to disclose whether a used car they are selling is a reconditioned car.Learn more about Buying & Selling
Although the title is a key piece of legal documentation in the sale of a vehicle, it is possible to legally purchase a car without a title. However, anyone planning on buying a car without a title needs to conduct due diligence to ensure that the vehicle is not stolen and to acquire a replacement title upon purchase.Full Answer >
Selling a car without a title is illegal in most states as of 2015 and not considered a safe transaction. A title is used to show ownership of a vehicle, and vehicles without a title may indicate a problem with ownership, such as a loan taken on the vehicle.Full Answer >
A car can be purchased by someone who does not have a driver's license, and its title can be transferred to that person. However, some states may require the individual to have a license in order to register the car.Full Answer >
A salvage auction sells vehicles that have been deemed a total loss by their insurance company. Because the vehicle is considered a total loss, its value is exponentially less than its present-day market. Salvage auctions act as a venue to buy and sell these types of automobiles.Full Answer >