Salvaged S2000 Rebranded to Clean Title?!??! (From CR Thread)
#1
Salvaged S2000 Rebranded to Clean Title?!??! (From CR Thread)
https://www.s2ki.com/forums/californ...build-1113305/
I found this s2000 CR, great deal and i plan to see it later today, but i need to understand some information....
https://losangeles.craigslist.org/sf...22947896.html#
How in the world can a branded salvage California s2000 be sent to Utah, Georgia, then back to California and have a pink slip.... I really need help with this. If there is no frame damage i plan to pick it up...
Don't want to be reposting but before i make an offer / deposit I need to understand that this is not fraud....
I found this s2000 CR, great deal and i plan to see it later today, but i need to understand some information....
https://losangeles.craigslist.org/sf...22947896.html#
How in the world can a branded salvage California s2000 be sent to Utah, Georgia, then back to California and have a pink slip.... I really need help with this. If there is no frame damage i plan to pick it up...
Don't want to be reposting but before i make an offer / deposit I need to understand that this is not fraud....
#2
Maybe post in tbe CA subforum. Salvage rules vary from State to State.
In most States there are two levels of salvage titles. They typically have different names one State to another, but their meaning comes down to rebuildable and non rebuildable (parts only).
If a vehicle is deemed non rebuildable, it can't be retitled. Ever. It can be parted out. It can rebuilt into a track only car. But it can't ever be legally driven on the street.
If it is rebuildable, it can be retitled after inspection. Generally there are two inspections. One to make sure no stolen parts were used. The other a safety inspection to make sure its roadworthy. Almost universally, these inspections must be done by the DMV of the State that issued the salvage title.
So a rebuildable salvage vehicle could be bought by someone in another State, rebuilt, then returned to State ot came from for inspection, where it will be issued a type of title that shows it was at once point salvage, and has now been rebuilt.
Again, in most States there is a special label on the title that indicates 'Rebuilt'. But some States just issue a normal title at this point.
Once this rebuilt title is issued, the car can be registered or sold in virtually any State. A title transfer will occur like normal. Typically the title in the new State will inheret whatever the new State calls a rebuiot title.
So the one thing to watch out for here is a title history that indicates title washing. Where a car came from a State that marks rebuilt titles in some way, then was 'sold' and retitled in a State that marks rebuilt titles as normal, then was resold again to a State that would normally mark a title as rebuilt. Often those sales would all occur in a short period of time.
In most States there are two levels of salvage titles. They typically have different names one State to another, but their meaning comes down to rebuildable and non rebuildable (parts only).
If a vehicle is deemed non rebuildable, it can't be retitled. Ever. It can be parted out. It can rebuilt into a track only car. But it can't ever be legally driven on the street.
If it is rebuildable, it can be retitled after inspection. Generally there are two inspections. One to make sure no stolen parts were used. The other a safety inspection to make sure its roadworthy. Almost universally, these inspections must be done by the DMV of the State that issued the salvage title.
So a rebuildable salvage vehicle could be bought by someone in another State, rebuilt, then returned to State ot came from for inspection, where it will be issued a type of title that shows it was at once point salvage, and has now been rebuilt.
Again, in most States there is a special label on the title that indicates 'Rebuilt'. But some States just issue a normal title at this point.
Once this rebuilt title is issued, the car can be registered or sold in virtually any State. A title transfer will occur like normal. Typically the title in the new State will inheret whatever the new State calls a rebuiot title.
So the one thing to watch out for here is a title history that indicates title washing. Where a car came from a State that marks rebuilt titles in some way, then was 'sold' and retitled in a State that marks rebuilt titles as normal, then was resold again to a State that would normally mark a title as rebuilt. Often those sales would all occur in a short period of time.
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California - Southern California S2000 Owners
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01-15-2016 08:57 AM