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A rebuilt title refers to a car that at one time had a salvage title, which has been restored to be road-ready. A salvage title is one written off as a total loss by an insurance company, which will typically occur after a serious accident or flood or hail damage.
Salvage title and rebuilt title are both terms used to describe cars that have been declared totaled by an insurance company. The key difference is what has happened to the vehicle since. Cars get a salvage title when an insurer deems them a total loss and a rebuilt title after they are repaired to a drivable state.
Can you get insurance on a car with a salvage title? You can legally buy or sell a vehicle with a salvage title. But because its generally illegal to drive one of these cars on the road unless its to or from a vehicle inspection site its not possible to obtain car insurance on a salvage vehicle.
Key Takeaways. Cars with rebuilt titles have typically been declared total losses by an insurance company and then repaired for resale. A car with a rebuilt title should sell for considerably less than a similar model with a clean title. Having a rebuilt title can also make a car more difficult to insure.
New York Salvage Vehicle Law A vehicle is considered a salvage vehicle if any of the following conditions are met: The cost to repair the vehicle exceeds 75% of the cars pre-damage value. The certificate of title states the car is a wreck vehicle.
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On the Day of the Examination You must pay another examination fee of $150 and schedule another examination. The examination takes about 30 minutes. Make sure your vehicle does not block any driveways or roadways at the facility.
Its generally a bad idea - its difficult to verify what was damaged and how it was repaired, and rebuilt vehicles are more difficult to finance and insure. For these reasons, rebuilt vehicles are considered to be worth half that of a vehicle with a clean title as a rule of thumb.
A rebuilt title has considerable advantages over a salvage title. When you buy a used car with a rebuilt title, its ready to register, insure, and drive right away without much of a headache. That typically isnt the case with a salvage title.

how long does it take to get a salvage inspection in ny