The title certificate of a vehicle is one of the crucial documents showing proof of ownership. Moreover, the owner can be an individual, two or more owners, the lender, or anyone else. Many vehicles have a lien-free title showing that it is free from outstanding debt. Besides, if the title is lost or damaged then it is not safe to drive the vehicle around. A few cars come with salvage or rebuilt title. What does this determine? Can I drive a car with such titles? Continue to read and find the answers to your queries. Also, any person can apply for a title loan Boca Raton as long they own the vehicle with a clear title. Defining Salvage Title The salvage title gets authorized after the insurance firm has claimed that the car is a complete loss after an accident, flood, theft, or another incident. This kind of title shows that a vehicle is not safe to drive, not considered legal to get license plates, and not legalized to commute around. Auto equity loan require a clear title that can work as collateral. What are rebuilt titles? The car that has a rebuilt title gets issued after the repair process […]
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