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Learn About Title Brands And Say Goodbye To Guesswork - Autos (102) - Nairaland

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Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 11:52am On Feb 15, 2017
Non-USA Title

If a vehicle was not originally manufactured in the United States or if it was used outside the country for a period of time, it will be given a non-USA title once it has been converted to meet state standards. Also commonly referred to as a gray market title.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 2:54pm On Feb 15, 2017
Not Actual Mileage Title
A “Not Actual Mileage" title is issued when the owner states that the odometer may not reflect the actual mile mileage of the vehicle.
Common reasons an owner may report a false odometer reading include:
Possible tampering.
Damage.
Odometer replacement.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 2:55pm On Feb 15, 2017
Original Taxi or Prior Taxi Title

A taxi title is given to vehicles whose determined primary use is or used to be “for hire." Taxi titled vehicles are branded as such because usually they are high mileage and driven excessively in short periods of time.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 5:08pm On Feb 15, 2017
Original Police or Prior Police Title

Prior police titles are given when any vehicle currently or previously used for law enforcement. Similar to taxi titles, police titles are designated due to high mileage and/or excessive driving within short periods of time.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 7:14pm On Feb 16, 2017
Original Police or Prior Police Title

Prior police titles are given when any vehicle currently or previously used for law enforcement. Similar to taxi titles, police titles are designated due to high mileage and/or excessive driving within short periods of time.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 8:38pm On Feb 16, 2017
Replica Title

A vehicle receives a replica title when:
It has been constructed from components of different vehicles and was not made by a licensed manufacturer.
It was built from a kit.
OR
It was built using fabricated parts for major vehicle components to resemble a similar make or model of a car or truck.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 8:39pm On Feb 16, 2017
Salvage Title

Referred to in some states as a junk title, a salvaged title can be issued when the cost to repair damages exceeds 75% of the worth of the vehicle. How damage is calculated can vary from state to state.
A salvaged title is most frequently given to vehicles when it is determined to be unsafe for use, and as a result cannot be re-titled in order to protect future buyers. Some states also use a salvaged title for vehicles that have been previously stolen.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:21pm On Feb 16, 2017
Specially Constructed Title
When a vehicle is not originally constructed by a recognized manufacturer, it will be branded with a specially constructed title. Vehicles with this title may have been made at home. How you apply for a specially constructed title varies according to state.
Some examples include:
Homemade trailers.
Tractors.
Instances in which parts have been combined.
Example: A car that's rebuilt with a Chevrolet frame and a Ford body.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:20am On Feb 17, 2017
New Vehicle Title
Once a new vehicle is purchased, the state will issue a title to show proof of ownership. Each titled vehicle is issued a number that is transferred when the vehicle is sold.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:20am On Feb 17, 2017
Warranty Returned Title
Also commonly referred to as a lemon title, a warranty returned title is given because of repeated mechanical issues or repairs while the vehicle is still under the manufacturer's warranty.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 1:10pm On Feb 17, 2017
Water Damage Title
A vehicle is branded with a water damage title when excessive repairs are needed because of natural disasters such as thunderstorms, hurricanes, and flash floods. If the cost of repairs exceeds the worth of the vehicle, this title is usually designated.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 2:26pm On Feb 17, 2017
Brand: Descriptive labels regarding the status of a motor vehicle, such as “junk,” “salvage,” and “flood” vehicles.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 4:53pm On Feb 17, 2017
Certificate of Title (Title): A document issued by a state showing ownership of an automobile.

Consumer: The individual or entity buying an automobile or financing the purchase of an automobile. Consumers include private individuals, dealers, auction companies or entities engaged in the business of purchasing used automobiles, lenders financing the purchase of new or used automobiles, and automobile dealers.
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 5:01pm On Feb 20, 2017
Accident or Vehicle Damage
Reported accidents or damage events are a result of vehicle collisions or other non-collision incidents such as vandalism or theft. Not all accidents or damage events are reported to AutoCheck. Certain accident or damage events are reported by the source to have resulted in minor, moderate or severe damage to the vehicle, or the events are calculated by AutoCheck to have resulted in minor, moderate or severe damage based on the information reported. It is recommended to have pre-owned vehicles inspected by a third party prior to purchase.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 5:02pm On Feb 20, 2017
Assignment
The transfer of a property claim, property right, or property interest from one person or entity to another.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 7:18pm On Feb 20, 2017
[b]Auction Announced as Broken Odometer
[/b]A wholesale Auto Auction has reported that the odometer is not functioning properly or no longer accurately records the distance that the car has traveled

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 7:18pm On Feb 20, 2017
[b]Assignment
[/b]The transfer of a property claim, property right, or property interest from one person or entity to another.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 2:34pm On Feb 21, 2017
Auction Announced as Grey Market

A wholesale Auto Auction has reported that the vehicle was manufactured in another country and may not meet U.S. safety and/or environmental standards.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 2:35pm On Feb 21, 2017
Auction Announced as Major Damage
Auction reports the vehicle as having major damage.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 3:43pm On Feb 21, 2017
Auction Announced as Not Actual Miles
A wholesale Auto Auction has reported that the actual mileage is different than the odometer reading. See also: Not Actual Miles

https://www.auctionexport.com/en/Inventory/Pictures/2016-hyundai-elantra-limited-sedan-4-door-104841003?searchID=1311206250
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 3:44pm On Feb 21, 2017
Auction Announced as Odometer Rollover
A wholesale Auto Auction has reported a possible odometer rollover. This commonly occurs with vehicles that have five-digit odometers that have exceeded 99,999 miles.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 4:28pm On Feb 21, 2017
Auction Announced as Repaired/Replaced Odometer
A wholesale Auto Auction has reported that the odometer has been repaired or replaced.

https://www.auctionexport.com/en/Inventory/Pictures/2012-hyundai-tucson-limited-auto-sport-utility-4-door-105053584?searchID=1526656485
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:26am On Feb 22, 2017
AutoCheck Score®
The AutoCheck Score is a numerical rating that allows you to quickly and easily evaluate all of the vehicle's history data in one convenient score. The AutoCheck Score helps you assess a vehicle’s predicted reliability and compare it to similar cars in its class. The information helps to:
Compare vehicles of similar class and age based on a scale of 1 to 100
Predict the reliability that your car will be on the road in 5 years
Understand a vehicle’s reliability as it pertains to vehicle age, number of owners, accidents and other factors
Lower the risk of buying a vehicle with undetected problems

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:27am On Feb 22, 2017
Auto Auctions - Wholesale
AutoCheck gets data from auto auctions -- companies that act as vehicle clearinghouses and help you get the vehicle you want by providing retail dealers with cars and trucks that sell best at their store. A vehicle that has been through one or more auctions simply is being moved from one market to another, and does not reflect the overall condition of the vehicle.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 1:26pm On Feb 22, 2017
Auction Announced as Repossessed
A wholesale Auto Auction has reported that the loan/lien holder has repossessed the vehicle.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 1:27pm On Feb 22, 2017
Auction Announced as True Mileage Unknown
A wholesale Auto Auction has reported that the vehicle's actual mileage is unknown.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 3:15pm On Feb 22, 2017
Accident or Vehicle Damage
Reported accidents or damage events are a result of vehicle collisions or other non-collision incidents such as vandalism or theft. Not all accidents or damage events are reported to AutoCheck. Certain accident or damage events are reported by the source to have resulted in minor, moderate or severe damage to the vehicle, or the events are calculated by AutoCheck to have resulted in minor, moderate or severe damage based on the information reported. It is recommended to have pre-owned vehicles inspected by a third party prior to purchase.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:44pm On Feb 23, 2017
Auction Announced as Fleet/Lease
A wholesale Auto Auction has reported the vehicle as a fleet or leased vehicle. A vehicle provided by a company for an executive is an example of a fleet vehicle. Fleet and leased vehicles are often in good condition. Fleet companies can have vehicle care guidelines.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:44pm On Feb 23, 2017
Auction Announced as Odometer Rollback
A wholesale Auto Auction has reported a possible odometer rollback. This means the odometer has been tampered with or adjusted.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:58pm On Feb 23, 2017
Auto Auctions - Wholesale
AutoCheck gets data from auto auctions -- companies that act as vehicle clearinghouses and help you get the vehicle you want by providing retail dealers with cars and trucks that sell best at their store. A vehicle that has been through one or more auctions simply is being moved from one market to another, and does not reflect the overall condition of the vehicle.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 10:58pm On Feb 23, 2017
Brands or Branded
Words or symbols on the vehicle's official title issued by the state DMV that signify the vehicle's status or condition. Examples of brands include, junked, salvaged, lemon, rebuilt or reconstructed vehicles; flood, hail, or fire damaged vehicles; totaled vehicles; vehicles with odometers that have been rolled back or exceed mechanical limits; stolen or abandoned vehicles.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary
Re: Learn About Title Brands And Say Goodbye To Guesswork by Export1: 11:13pm On Feb 23, 2017
Calculated Owners
Experian uses business rules logic to calculate the number of owners that a specific vehicle might have over time. With older vehicles, the calculation begins with the date of the first title/registration.

http://www.autocheck.com/vehiclehistory/autocheck/en/glossary

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