Тёмный

All types of branded vehicle titles explained 

VINwiki
Подписаться 2,1 млн
Просмотров 269 тыс.
50% 1

Ed's Flood Title Gallardo - • I bought the cheapest ...
Ed's Rebuilt Title S55 - • I Bought a Mercedes S5...
Ed explains Lemon Law & Trade Assistance - • Can you get a manufact...
How to make a lowball offer - • How to make a lowball ...
Ed Bolian explains all the different title brands that can be applied to a car including salvage, flood, rebuilt, vandalism, hail, junk, parts only, export only, and certificate of destruction.
Policy Genius is the smart way to get the best deal on Homeowners insurance. They shop through all the major carriers to make sure you get the best deal on the best coverage. They can even bundle in your auto insurance to save you even more. Visit vinwiki.com/r/... today to see how much you can save.
VINwiki on iOS - vinwiki.com/ios
VINwiki on Android - vinwiki.com/an...
VINwiki Merchandise - store.vinwiki.com
Please support all of our 2020 Sponsors:
AutoTempest - vinwiki.com/r/...
Premier Financial Services - vinwiki.com/r/pfs
Policy Genius - vinwiki.com/r/...
Exotic Car Hacks - vinwiki.com/r/ech
Dream Car Xchange - vinwiki.com/r/dcx
The Ticket Clinic - vinwiki.com/r/tc
AvalonKing - vinwiki.com/r/...
Obsessed Garage - vinwiki.com/r/og
Transparent by GlassParency - vinwiki.com/r/gp
XtremeXperience - vinwiki.com/r/xx
Vincero Watches - vinwiki.com/r/...
Lux Rally - vinwiki.com/r/...
AP3 Paint Protection - vinwiki.com/r/ap3
ESOTERIC Fine Detail - vinwiki.com/r/...
Honey - vinwiki.com/r/...
Support the Cannonball Memorial Run - vinwiki.com/r/cmr
Support the Brock Yates Memorial Fund - vinwiki.com/r/...
#BrandedTitle #SalvageTitle #RebuiltTitle

Опубликовано:

 

2 окт 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 468   
@EdBolian
@EdBolian 3 года назад
Happy Thanksgiving everyone! We are so thankful for the support of the VINwiki channel this year. Thank you all for watching and we wish you and yours the happiest of holidays.
@Live.drones
@Live.drones 3 года назад
Enjoy your day, Ed!
@seren1ty755
@seren1ty755 3 года назад
Happy Thanksgiving to you Ed, we appreciate your work!
@primepap
@primepap 3 года назад
Mr bolian I need information about a manual murcialago this is not fake seriously
@theanomalous1401
@theanomalous1401 3 года назад
Same to you, and yours sir. Many thanks to you and your production crew for all that you do for the automotive community.
@chromaticskent7395
@chromaticskent7395 3 года назад
Happy Thanksgiving Ed, nice video
@almehgub
@almehgub 3 года назад
If Ed was my Professor at university, I would’ve gotten straight (A)s
@bfytw2125
@bfytw2125 3 года назад
This was my EXACT thought while I was watching this.
@alpaljl
@alpaljl 3 года назад
I agree.
@loonatticat
@loonatticat 3 года назад
I’d wager you’d end up right smack dab in the middle with straight (C)s
@epapa737
@epapa737 3 года назад
The law of ed: any story involving a gallardo there will be a photos of kimmies lambo
@felixborek
@felixborek 3 года назад
It’s pathetic that I know much more about the US car market than the European Market and I live in Europe ..
@fadetounforgiven
@fadetounforgiven 3 года назад
Well, as far as I know about Spain's, there's no such thing as branded titles. You have your car and the paperwork that shows you're the owner. When buying a second hand car, I think there's a way for you to know whether you are actually the second, third or n-th owner but I think you can't by looking at that paperwork. If you have an accident you have to options: nothing happened, including something happened but the car got repaired and back on the road. Or something actually happened, meaning it's deemed a "siniestro total" (kind of "totaled"). That is, the car has been destroyed, though sometimes it hasn't but the accident has caused some serious damage and the insurance company (the other guy's insurance company if it was their fault, sometimes yours if your car was insured as "a todo riesgo", which translates as "at all risk", meaning "no matter what happens, the insurance will have you covered") prefers to pay you the market value of your car rather than fixing it as this would be more expensive. Either way, you only have two options or kind of two and a half options. You have a perfectly legal car on the road of which you don't know its previous history unless the previous owner tells you, or your car is gone for good, be it due to an accident, be it because you get rid of it for good (*). There is kind of a third option, and this when your car is declared "dado de baja temporal", which means you oficially ask our "DMV" (DGT here) to declare your car as temporarily unable to get it on the road (I can't find a better translation). Your car is fine, but say you are going to live away from home for a few months and you're not taking your car with you, or maybe it needs a big repair that will take some time, or you have inherited the car and you want to keep it but won't use it for a while. That way you still own the car but you can't use it on the road. This way you won't have to pay taxes and some other things. (*) In Spain we have the so called ITV (Inspección Técnica de Vehículos - Vehicle Technical Inspection) which is, say, a periodic series of test every single motor vehicle has to pass. It depends on the vehicle but, for example, cars don't have to pass it until they are four years old. From then on they will have to pass it every two years until they're ten and, from then on, every year. My previous car was already 21 years old when it failed the test due to some problems with the rear axle. My mechanic tried to find another axle to replace it but didn't find any. I could have just taken it out temporarily until a good rear axle was found, but my mechanic didn't have good expectations and, given that I had to fix some other minor things in the car, I chose to say goodbye to it and find another. The car would run fine, but as it wouldn't pass that test, it had to go.
@mcniki12
@mcniki12 3 года назад
Same same. I know a guy who imports USA cars with some branded tittles. This is in Bulgaria. No problem with getting it registered, insured and etc. Since we don't have titles. Also fixing the Cars costs like HALF or 1/3 of what it costs in the USA. Problem is the Import tax and some other taxes. Which in total are 30 % on top of the price you bough the car. And you have to wait to pass Customs. It can take up to 4-5 weeks . On the hand, you can actually sell it to somebody in Europe as a clean car and make profit out of it.
@honestguy7764
@honestguy7764 3 года назад
@@fadetounforgiven mis dieses.
@fadetounforgiven
@fadetounforgiven 3 года назад
@@honestguy7764 aunque no sé por qué, gracias.
@VINwiki
@VINwiki 3 года назад
Would you own a car with a branded title?
@14ronn13
@14ronn13 3 года назад
wait why is it 20 hours ago
@mssabir786
@mssabir786 3 года назад
@@14ronn13 LOL
@B0F
@B0F 3 года назад
@@14ronn13 they uploaded it to the channel before putting it to public
@B0F
@B0F 3 года назад
& yes i would if i knew it was worth it
@brandonford8092
@brandonford8092 3 года назад
As long as it's not flood damage. Been there done that. Never again
@gordythecreator
@gordythecreator 3 года назад
I could follow it, but i'm hungry for more info on title washing states. Well spoken Ed, thanks
@chuckwhitson654
@chuckwhitson654 3 года назад
Tennessee, especially hawkins county, is the greatest. I've taken several salvage/rebuilt and once you register and pay wheel tax , they always print a clean sheet. That doesn't affect carfax, but it doesn't say salvage/ rebuilt. Don't say anything, just register it like anything else. ( Washington, Sullivan and unicoi counties are also a good bet) tennessee
@robertperillo1799
@robertperillo1799 3 года назад
@@chuckwhitson654 do you need a TN address to register/get a title?
@ebels3
@ebels3 3 года назад
@@robertperillo1799 Not shady at all...
@robertperillo1799
@robertperillo1799 3 года назад
@@ebels3 Im just trying to buy some salvage auction cars and my state doesn’t allow rebuilds by anyone who’s not a state approved body shop
@ericwsmith7722
@ericwsmith7722 3 года назад
@@robertperillo1799 -- you know why that is a red flag ? that means the state has no one qualified to inspect the cars for a proper repair.. so its up to the ethics of the "state approved body shop" that "fixed" the car
@JRGarage
@JRGarage 3 года назад
Very valuable information in this video. Great video Ed!
@roachlarry1488
@roachlarry1488 3 года назад
Happy Thanksgiving Ed. I hope you and you family have a great day. Thank you for the free knowledge us newer guys really appreciate it.
@yuskoo
@yuskoo 3 года назад
Carfax isn't a magical tool that knows anything going on with a car. If the person that got into minor accident never reported to their insurance and/or to the police, Carfax generally won't know that car was in an accident.
@adriandenson8855
@adriandenson8855 3 года назад
Only Ed can use “ delta “ instead of “ the difference “ in a car conversation and no one bats an eye
@---cr8nw
@---cr8nw 3 года назад
Every so often he lets it slip how much he's a businessman with a strong background in accounting.
@joef2593
@joef2593 3 года назад
Ed is the type to go into the DMV with a salvaged title, shrewdly negotiate, meet in the middle smack dab on a clean title and walk out.
@daviddavis1322
@daviddavis1322 3 года назад
Of course Ed does photo shoots with the gated Mercy and a snake.
@DaChosenOne2468
@DaChosenOne2468 3 года назад
Never thought I would ever want to watch a video about an individual talking about the different types of titles for vehicles and how they occur and work, but of course Ed Bolian has made this subject seem very interesting with his storytelling skills! Happy thanksgiving Ed!
@sccarguy8242
@sccarguy8242 3 года назад
You have to love a state like SC, I can buy a car from let’s say copart. Leave the car at the yard, goto the dmv, register the car and drive it home with real plates. All I’m the same day.
@1337penguinman
@1337penguinman 3 года назад
Growing up in Georgia it used to be like that. Not sure how it is anymore. First car I ever bought I picked it up from the "lot" that was just small enough to still be legally considered a private seller, drove it home stopping by the insurance place on the way. Next day I drove over to the DMV, paid my $35 if I remember right, and the lady behind the counter hands me a permanent plate from the stack next to her. Put the plate on, and on the way home stop by the parts store to pick up new brake lights because none of them were working, new plugs and wires to fix the misfire throwing the check engine light, and a multimeter to try and figure out why the horn wasn't working. Now that I live in California, buying a used car is very similar to buying a house except for slightly more paperwork involved for the car.
@jasonpatterson2143
@jasonpatterson2143 3 года назад
I think South Dakota also. You can throw a headlight and taillight on your 4 wheeler and get plates for it also.
@sthue1001
@sthue1001 3 года назад
@@jasonpatterson2143 I saw a guy sitting on the curb on w 41st in Sioux Falls a couple of years ago. His quad was obliterated. Police used to do speed traps on Kiwanis with their 4 wheelers. Have not seen one of those in a couple years though. Yep 4 wheelers are all over. It is kind of neat seeing them in a group of motorcycles riding around town.
@henrydillard6217
@henrydillard6217 3 года назад
@@jasonpatterson2143 same way in west Virginia lol!
@questionable8158
@questionable8158 3 года назад
My brothers c4 corvette has a clean title though it’s been wrecked a couple times. But the wrecks were never reported.
@1337penguinman
@1337penguinman 3 года назад
Just like the IRS. No paper trail means it didn't happen.
@stratis722
@stratis722 3 года назад
@@1337penguinman lol
@Just_Pele
@Just_Pele 3 года назад
Another thing. My cousin bought a 911 with a parts title, and even though it can never be titled for road use, he rebuilt it as a race car.
@ebels3
@ebels3 3 года назад
That's the best way to build a car on the cheap.
@labeebrahman702
@labeebrahman702 3 года назад
@@ebels3 total waste of money
@vasili70
@vasili70 3 года назад
If I ever have enough disposable income, that will be my plan as well...
@justsomegarage
@justsomegarage 3 года назад
@@labeebrahman702 i mean think about it. Say the motor is gone but you wanted to toss a diffrent one in, or suspension is trashed ect. Youre going to get it way cheaper and then arent paying for stock then upgraded parts, youre cutting to the chase. If the other damage isnt huge it may actually be a far better option in that scenario
@TwoDollarGararge
@TwoDollarGararge Год назад
​@@labeebrahman702 to be fair this entire hobby is a waste of money
@jringhisen
@jringhisen 3 года назад
This made my Thanksgiving!! Thank you for taking my suggestion to heart and doing this video, Ed. Hope everyone from the VINWiki family is safe and enjoying the holiday. 🦃🥧
@jaredlarson6769
@jaredlarson6769 3 года назад
In Minnesota if a car off the road for 10 years and is salvaged it gets taken out of the system and they will give you a clean bonded title . Happen to me and I happily paid 76 bucks for title fees
@gabesmath105
@gabesmath105 3 месяца назад
not after the NMVTIS came into play
@Ak47777-l
@Ak47777-l 3 года назад
Wrong. You can finance a rebuilt title in Washington state through becu. =Boeing credit union. Ive done it, I've sold cars and the customer got financing and so has alot of my friends.
@jasonpatterson2143
@jasonpatterson2143 3 года назад
Because you can doesn't mean you should.
@oldfordman68
@oldfordman68 3 года назад
My experience most insurance companies will total a car that is over 6 years old even if its repairable .
@adriandenson8855
@adriandenson8855 3 года назад
Yep - it’s because they’re in cahoots with the manufacturing co. to keep new products coming off the line and onto the road.
@skuzzyj
@skuzzyj 3 года назад
@@adriandenson8855 More likely that they know the availability of repair parts and whether or not they'll even be able to get the things needed for a proper, roadworthy repair. Anything less than "as delivered new" condition to them is a potential liability down the line.
@Default78334
@Default78334 3 года назад
Because after six years, most mainstream cars have depreciated enough that relatively minor damage will exceed the remaining value of the car.
@crazeguy26
@crazeguy26 3 года назад
Labor needed on the frame both on body on frame and uni body, can total a car out before the cost of replacement parts.
@felixeur1276
@felixeur1276 3 года назад
@@Default78334 yep, its all depreciation
@cayman9873
@cayman9873 3 года назад
Interesting learning for me. I have bought my own wrecked car and never understood about branded titles.
@AndyofCT
@AndyofCT 3 года назад
My roommate bought a theft recovery car. Title was technically clean and minus a few interior cosmetic flaws, the car has been awesome... and she saved like 35% off retail and was still able to finance at like 3%. Next time I’m on the hunt, I’m looking for theft recoveries lol
@jasonpatterson2143
@jasonpatterson2143 3 года назад
How is it technically clean? It's either clean or it isn't. A "Theft Recovery" title is far from clean.
@AndyofCT
@AndyofCT 3 года назад
​@@jasonpatterson2143 It's not a "clean" Carfax, but it's a clean title. If you want to know how insurance companies determine title status upon theft recovery, I suggest you spend about 12 seconds on Google before making uniformed statements.
@youcantshimshamthezimmzamm5712
@youcantshimshamthezimmzamm5712 3 года назад
Happy thanksgiving y’all! Looking to finally buy my first brand new car. Gonna be buying a 2021 Cadillac ct5 v series.
@theanomalous1401
@theanomalous1401 3 года назад
Same to you. Nice choice. Enjoy it and good luck. 👍🏼
@samiamm5764
@samiamm5764 3 года назад
Yeahhhh buddy!!! Happy thanksgiving and enjoy the ride
@basithph8958
@basithph8958 3 года назад
Do some burnouts!
@hreindustries
@hreindustries 3 года назад
a ctsv would crank
@youcantshimshamthezimmzamm5712
@youcantshimshamthezimmzamm5712 3 года назад
@@basithph8958 id love to unfortunately I live in Chicago and work 6 months out of the year in rural northern Wisconsin so I’m going to go after the AWD option because winters would be a nightmare in both states during the icy months, I’ve always been a very good driver in the snow and ice but knowing my luck it’ll run thin once I buy a new car lol.
@ericwsmith7722
@ericwsmith7722 3 года назад
I would have to say 1/3 of all flood damaged cars were sold with clean titles
@johnduchesneau8685
@johnduchesneau8685 3 года назад
Ed - the info in this vid is so good you should sell access to it for $1,000 a view. Thank you for enlightening us mere mortals.
@bobford7366
@bobford7366 3 года назад
speak for yourself. we ain't paying *hit
@plainbrownwrapper9688
@plainbrownwrapper9688 3 года назад
Happy Thanksgiving, I have found that most banks will do a loan on a salvage titled vehicle. They will only do 70% of the vehicles value. Otherwise they have zero problem doing the loans.
@AEeminc
@AEeminc 3 года назад
My Tacoma had an export only title. And the damage was superficial. Was able to get it registered in California without much headache. Been driving it for 2 years no issues
@ericwilliams398
@ericwilliams398 3 года назад
Those things are bulletproof.....you won’t regret it
@TopGunAce23
@TopGunAce23 3 года назад
Happy Thanksgiving to you Ed and the whole VinWiki family. If I had every professor like Ed in my college days, I would have graduated in 2yrs with a Masters.......
@calebr
@calebr 3 года назад
I appreciate the informational uploads a great deal.
@Gruingle1
@Gruingle1 3 года назад
Interesting video Ed, in Australia it's very similar but simpler, we don't have a "title" per se, we have a different registration in every state (different colour number plates or "tags" for each state etc..) and that is your "title" of ownership. We also have the PPSR (Personal Property Securities Register) were you can do a $2 online search that will tell you if there is finance owing or any lien etc on a used vehicle that you buy privately or even through a dealer. In the case of damaged or insurance claims made on vehicle we have a WOVR (Written Off Vehicle Register), there are basically two types of "title brand" in relation to this, a statutory write-off (vehicle is too damaged to be re-registered and is only good for parts or scrap) and a repairable write-off, this is where the insurance company deems that it is not economical enough for them to repair the vehicle and pays out the owner (or finance company) the agreed or market value of the car but the car is not damaged enough to be a statutory write-off. Both types of these write-off's can be bought at salvage auctions and you are informed at the time of the auction what category they are, similar to what you said a repairable write-off can be fixed an after a safety check can be re-registered and driven on the road (apologies for long post).
@georgef1176
@georgef1176 3 года назад
I had a salvaged 240sx in NH we don’t title 25 year plus cars, i sold it too Massachusetts resident (they title everything) and mass didn’t check database and his new title came back clean!
@GrandGrizzly51
@GrandGrizzly51 3 года назад
I was able to get a great deal on my 95’ Viper as the AutoCheck showed that the vehicle was in an accident and issued a salvage title. However, the AutoCheck also shows the vehicle was consistently registered as a clean title just after the alleged salvage incident. I now have a clean title and got it for cheaper than any other one I have seen due to the fact that people were scared of the unusual history and the seller lived in rural northern Michigan
@dmitrytraining
@dmitrytraining 3 года назад
FYI I've personally title-washed a Florida cert of destruction car (only had a smoked oil pan) by transferring it to a friend in KY, where residents can get a salvage rebuildable title for Florida cert of destruction cars, if you get 2 mechanics to sign off on it as being safe, with pictures of the damage, and then transferred it back to me. I didn't even need to bring the car to KY.
@daytonaguy3584
@daytonaguy3584 3 года назад
Were you able to register it in fl again?
@darius2640
@darius2640 3 года назад
American insurance auctions are a constant headache in europe, some a-holes buy up your totaled junk cars repair them in the most haggard way to still look presentable in low cost labor east countries and sell them all over europe with new clean european registrations as if they were never crashed into a shape of a spaghetti, classified ads are a minefield
@LavenderSystem69
@LavenderSystem69 3 года назад
Considering WSP legally has to inspect every car that comes from a different state and gets titled in WA, I'm genuinely surprised that 993 managed to keep its washed title instead of getting rebranded
@PJ_Sloan
@PJ_Sloan 3 года назад
You skipped the most common way totalled vehicles show up at salvage auctions with perfectly clear, non-branded titles. The owner was self insured (read rental company). ERAC for instance doesn't brand their titles and as a result people will bid their vehicles higher because they will have a higher perceived value when they're repaired and sold. They do this with everything from Altimas to their exotics.
@ksteak27
@ksteak27 3 года назад
My car has a gangsta lien. You didn't mention that one. I think my seat is broken. 😃
@ericmueser
@ericmueser 3 года назад
Hi Ed, thanks for the great video and happy Thanksgiving! What states are commonly used to wash titles? I always heard Mississippi, you said Louisiana, what others are commonly used?
@trbstang
@trbstang 3 года назад
Great info Ed! I was about to jump on here and then you got to the "owner retained" scenario. That is what happened to my 16 Mustang GT in Texas. It was totaled, but I kept it and rebuilt it. Since the damage was actually just below my state's total loss threshold (75%), a title brand was not required per my insurance company, so I didn't have to do anything to have a good clean title. I subsequently refinanced it with my credit union for the full value and they had no issues with it. If it had a rebuilt title, they would have loaned on it too, but not at the full retail value. The car is currently fully insured with the same company that totaled it and subrogated the claim to the other party, so that is good. It does have the "Total loss paid" brand on Carfax, but I don't plan on selling it. Fwiw, Carmax offered me $10,400 for a year and a half old rebuilt 16 Mustang GT Premium performance pack ($43k sticker, $32k retail clean title comp) with less than 12k miles on it! I have just over $20k in the buy back, parts, paint and body work. I have a couple videos of it on my channel if anyone is interested.
@TheFiremonkeyman
@TheFiremonkeyman 3 года назад
one thing I've noticed with older lower value cars (like a 2015 civic) is that the insurance company is going to want to put new parts on and total it because an unpainted bumper cover is like $500 and then you have $600 of paint-matching labor. Or you can just go on ebay or your local junkyard and get one in the right color for like $60.
@rhysholden2395
@rhysholden2395 3 года назад
Here in Australia it's just registration, any time I've bought an unregistered car, I get a signed document (self made) saying I purchased the vehicle and all that, then get them to sign and date it and I do the same, just means its safe if they say it got stolen or some shit
@alockworkorange7296
@alockworkorange7296 3 года назад
15:12 im 100% with u Ed manufactures have have a tolerance of +/- 3inches out of square when a car go goes on a fram machines ( ik most cars are nobody's but u still use a frame machine to straighten it out)most shops have a tollerance of less then 1" out od square The huge manufacture tollerance is often why cheap aftermarket parts dont fit right they based it of a signle car and added there own tollerance ( aka as tollerance stacking) Good aftermarket companys messure multiple cars figures the manufactures tolerance then sets theres in the middle. so unless u get a part thats the max tolerance and ur cars the minum tolerance (or vise a versa) they should fit just fine.
@jasonpatterson2143
@jasonpatterson2143 3 года назад
Bull, no new car has a 3" tolerance for being out of square. A new Mack dump truck is >1".
@SPEAKTRULY
@SPEAKTRULY 3 года назад
I work in the Automotive Industry and we happen to specialize in all sorts of Branded Title Vehicles. I now consider myself a Branded Title Expert and I couldn’t have explained this better myself. Ed did a phenomenal job explaining each type of Brand. I just wish I had seen this video at the start of my career and saved myself from the trouble of learning all of this on my own!
@firedemon2166
@firedemon2166 Год назад
Is there any way or loophole at all to end up registering a “parts only” or “non rebuildable” title, or any states or anything that allow you to re-title it as registrable?
@ThePrinceEffect
@ThePrinceEffect 3 года назад
Idk about Louisiana title washing. I live in Louisiana and owned many clean and rebuilt title cars and any salvage/rebuilt title car i register even out of state always gets a Louisiana rebuilt or salvage brand depending if the required repairs were done. This is still holds true since the last car I built 2 days ago and got a rebuilt Louisiana title coming in the mail. One thing I will admit those is that the rebuilt process to get a salvage car back on the road is super laxed at least where I am.
@omarqura4342
@omarqura4342 3 года назад
One of the longest or even the longest video on vinwiki. And happy Thanksgiving everyone
@jackielinde7568
@jackielinde7568 3 года назад
A "Lemon Law Lawyer" ... Like Steve Lehto of Michigan? Who has sued most car manufacturers under the Michigan's UCC? This Steve Lehto? ru-vid.com/show-UCMljRGC0eBJrxbUorWEnasg Yeah, when are you going to have him on VINWiki? I hear he has one of those fancy Ford cars now.
@Sasquads
@Sasquads Год назад
I buy abandoned vehicles off military bases and you get an SF-97 which allows you to apply for a clean title in your name. So that vehicle could have been branded but now is clean with the sf97. Kinda scary.
@gabesmath105
@gabesmath105 3 месяца назад
but i thought it's illegal for states to ignore NMVTIS brands when they query the vin?
@CoastalAutoReactionCAR
@CoastalAutoReactionCAR 3 года назад
Thanks Ed! So many people get lost in the sea of title brands! Cheers
@aaronburratwood.6957
@aaronburratwood.6957 3 года назад
I lost my butt on an ‘03 Mach1 with a stamped title. It only happened because the motor had a previously undiagnosed issue from the accident. Engine failure happened after about about 2500 miles. But the car looked good.
@C-TOWN-ALL-STAR
@C-TOWN-ALL-STAR 3 года назад
I've used Progressive, Geico, American Family, Allstate, State Farm, and many smaller local insurance companies without ever having a single issue insuring and/or filing a claim throughout the years. This includes me literally insuring dozens of so called branded title cars and trucks, starting way back from 1999 all the way through my current policy I have in 2020 and beyond.
@jcd351
@jcd351 3 года назад
You are incorrect about not being able to get a lien on a branded title vehicle. Me and my son have both Branded vehicles and we were both able to get loans thru our credit Union. I have a pastor friend of mine who has bought quite a few branded title vehicles. He never has a problem getting a loan.
@trapps75
@trapps75 2 года назад
The first thing you do is call insurance company give vin number make sure they will insure vehicle before even considering buying vehicles
@randomness3465
@randomness3465 3 года назад
Such great info! I’ve shared this with non-car-nerd friends as a short, easily understandable explanation of things to know about cars’ history.
@AnkoZzZz98
@AnkoZzZz98 3 года назад
Simply said, even i could understand it :Đ
@joshbell9277
@joshbell9277 3 года назад
Thank you, these videos are always SO informative/entertaining!
@randolph7214
@randolph7214 3 года назад
Some banks will loan a percentage of the value on a salvage title. Atleast in state I'm in. Just FYI.
@brokeboijd6983
@brokeboijd6983 3 года назад
I need help yall. There's a white 2015 camaro z28 with less than 23k miles with good title from dealer for 21,999 should I get it
@PS-lm3tp
@PS-lm3tp 3 года назад
I would buy it
@jamskatelake
@jamskatelake 3 года назад
Check on insurance first
@sals3379
@sals3379 3 года назад
Thanks Ed! Really good info in this video. I would enjoy more of informational videos like these
@hzozafar
@hzozafar 3 года назад
In Michigan, there are a huge amount of cars on Copart with decent damage with clean titles. I bought a Cruze that needed a hood, bumper, grille, headlight and fender. No radiator damage, no frame damage. Bought it for 50% market value and only put 800 into it for parts and paint. It depends on your state, but there are good deals to be made.
@jason9875
@jason9875 3 года назад
Great video, very informative
@VINwiki
@VINwiki 3 года назад
Glad it was helpful!
@williamrogercummings9607
@williamrogercummings9607 3 года назад
Thank you, very much, Ed. This is real, detailed information that is the foundation of many enthusiast's first supercar experience. Very important.
@mexicanspec
@mexicanspec 3 года назад
To back up what Ed said about lien sales. In Nevada, if you have a car from the east coast, you don't have to search their state if you can honestly say you don't know where it is from. They only require you to search the surrounding 6 states for ownership information. In this case a salvaged super car from New York or a similar place would not be searched and when all the documents have been submitted, it will be issued a clean title.
@joshuad1716
@joshuad1716 3 года назад
Ed, USAA savings bank will still insure and finance salvage vehicles for their full value. This is only for service members and or their families though. I know this because when I was younger I had a lot of m3/m4s at less than 50% of the value but with 70-80% of the value on the loan...and they still do these loans to this day. They are normal loans and you will get rates according to your credit. You can even get gap insurance on the loan and they will pay (personal experience).
@daytonaguy3584
@daytonaguy3584 3 года назад
Wrong- Credit unions loan on Rebuilt Title cars
@coreymac1123
@coreymac1123 9 месяцев назад
Thanks for sharing…Video very helpful…
@AGRN2014
@AGRN2014 3 года назад
Hey Ed, Your sales experience and personal rapport seems to put the history of your car sales experience into a realm n and of itself. Basically stating your youtube channel is legit and not framed by someone working at chuck e cheese. Car payments, dealer revenue cycle and educating the public through entertainment; yes Ed, you deserve a cake; for the simplest ideologies of knowing your shit, and embarking on a bath of social rhetoric . Nice Work! Also, send me some info on Audi R8's that are used fairly low millage and able to keep for a while as a non-senile individual who would like to enjoy it for a while. ED #YouDaBest
@216cle
@216cle 3 года назад
I've been told here in Ohio the salvage inspections have nothing to do with safety and only stolen parts because then they can be held liable. I've taken cars with broken seat belts and air bag lights on so I don't think they are lying lol
@ryanshanahan9100
@ryanshanahan9100 3 года назад
I know I'm not the only one, but I learned something today
@andyvalenzuela9763
@andyvalenzuela9763 3 года назад
Happy Thanksgiving to everyone who reads this...
@kylem2010GT
@kylem2010GT 3 года назад
...and sometimes that means buying a car with a sordid or storied past. SORDID not SORTED. Little different!
@mycosys
@mycosys 3 года назад
As a foreigner (who you say isnt the target for this), thank you for explaining this BS lol
@firedemon2166
@firedemon2166 Год назад
I wonder if there is any way or loophole to fight the “parts only” or “non-rebuildable” title to get it registered l
@gabesmath105
@gabesmath105 3 месяца назад
nope, NMVTIS is super tight. but you can export it to live a good life with a foreigner.
@kravlin3093
@kravlin3093 3 года назад
This is what happened with my Mazdaspeed3. Got totaled by hail, bought it back for a song (the engine and everything else works great. It just has some speed dents. Why wouldn't I?) and because it's Colorado, hail totals do not result in salvage. My loan holder wouldn't let me keep a loan so I had to pay in cash on the spot. So I have a totaled car with a clean title. No way it'll ever resell well. On the other hand, I can do anything I want to it because there's no resale to worry about. Want to paint it pink and purple? sure. Nobody's gonna buy it anyways.
@GorillaPelu
@GorillaPelu 3 года назад
Hey Ed, I am a rebuilt car salesman, I buy cars from Copart and Iaai to repair and sell them. I just wanted to point out a lot of times the insurance wont really care about branding a car, I have bought vehicles that just needed a new bumper cover. If you are interested in a rebuilt car try to look at the pictures of the car before it was repaired I always provide pictures when im asked. Thanks for reading!
@DR.P3RKY
@DR.P3RKY 3 года назад
Perfect timing for a video. I’m interested in buying a salvage title s2000 locally for 7k.
@michaellong2661
@michaellong2661 3 года назад
Ed: I'm currently searching for my dream car on a budget, but in cash. This information is coming at the exact perfect time. Some of the candidates do have title brands, and I've had lots of questions Google hasn't been forthcoming in answering. I have to give you a heartfelt thanks and all the appreciation in the world right now as you may have made my dreams much, much more attainable. Thanks, Ed.
@FixItRyan
@FixItRyan 3 года назад
So mad my car was in a fender bender and I bought it from the insurance and they still rebranded the title :(
@02lucy666
@02lucy666 3 года назад
this was very informative, even though i dont live in the US... yet. but i plan to later down the line, so thats good to know! thanks Ed! Happy Thanksgiving!
@eleanorlewis7353
@eleanorlewis7353 3 года назад
Ed - the info in this vid is so good you should sell access to it for $1,000 a view. Thank you for enlightening us mere mortals.
@rwills1050
@rwills1050 3 года назад
Who could dislike this video. Incredibly informative and all around great video.
@dariusboykin750
@dariusboykin750 3 года назад
Ed is the 🐐💯😈
@dustindooley3155
@dustindooley3155 3 года назад
Great informational video! I try to explain all of this to people constantly. Now I can just refer them to this great video!
@cocomaster3755
@cocomaster3755 3 года назад
Who wrote the script? Easy to listen 👍
@Spazass666
@Spazass666 3 года назад
Nice comprehensive video dude. Thanks for sharing ur knowledge.
@alyssaway94
@alyssaway94 3 года назад
Man O Man Mr. Ed this is good quality Information and the way you explained it is so well!!#$
@MrSafieFilms
@MrSafieFilms 3 года назад
I literally just searched up non repairable titles before I even knew this video existed because I didn’t understand it 😂😂😂
@mobiledetail4you
@mobiledetail4you 3 года назад
I’ve been buying only salvage title cars for 20 years. And driving. Both for business and personal. Basically able to own every car outright, drive as long as I like, sell for 100% of original cost or more... ( you can too if your handy...) Never bought a severely damaged car, knowing the damage helps... salv title can mean fender bender or frame damage. There’s no knowing unless you view the damage that caused the salvage... Whole lotta fear mongering by media (who knew) Don’t fear a salvage title unless you are trying to sell.
@JoeKyser
@JoeKyser 3 года назад
When I was workings at the power sports dealer I used to export a lot of the machines. We certainly didnt want the customer going to port with an mso. It would become very costly. My main job was to collect the cash and start the export. That meant take the mso. Get myself a title and then off to have some fun. We had to actually use the machines because next week we would transfer ownership with the title to the customer. The machines were now used and on the second owner. This saved the buyer hundreds of thousands, made us money, and we had fun doing it.
@joshuagibson2520
@joshuagibson2520 3 года назад
Day 181: Smoke weed erry day.
@DJV94022
@DJV94022 3 года назад
99% of 99-00 civic si have salvage title
@thehouseofcha1nsaw_
@thehouseofcha1nsaw_ 3 года назад
Here in NC I've title washed a few where I got a salvage title, got a rebuilt title, sign it over to my brother, then get him to write a bill of sale and "sell" it back to me and claim a lost title. Pay $200 for new title and BOOM Clean title. For some reason if the vin had a salvage attached, if the title was lost it would stick with the title when issued a new one, especially if it was an instate car. Out of state was a hit or miss But if i got a rebuilt title sold it to somebody, and get a new title it would work. And it was just easiest to claim a lost title. Mostly old C10 pickup that where saved from the local junk yard
@gabesmath105
@gabesmath105 3 месяца назад
saving cars from junk yards is banned in most states, sadly
@nicholas_scott
@nicholas_scott 3 года назад
Another way to deal with a "bad title" is..... register in a state that does not title older vehicles. In Maine, we only title cars newer then 1995. It its pretty common to buy vehivles with bad or missing titles from massachusets, which titles everything, and then bring to Maine, register, and drive no trouble.
@gabesmath105
@gabesmath105 3 месяца назад
i doubt that, NMVTIS is really tight
@Al3xralst0n
@Al3xralst0n 3 года назад
My 2015 Civic Si has a “damage reported” title, the guy who had it before me backed into something so the panel gaps in the rear are off. I got it for 15k, market at the time was $16,500.
@pinballdude21
@pinballdude21 3 года назад
I had a car that I got in a accident in but at the time he had 2 digits in the VIN switched so it has a clean carfax
@Kreege
@Kreege 3 года назад
A lot of rebuilt title Vipers out there due to the cost and rarity of body panels/hoods/headlights/windshields. You can get some crazy good deals on these cars with zero frame or axle damage that's been fixed and runs as well as the day it left the factory.
@dandiaz9752
@dandiaz9752 3 года назад
Happy Thanksgiving Ed from your family in Colorado much love
@authenticrebuilds9247
@authenticrebuilds9247 3 года назад
I bought all my vehicles and camper from copart. All have salvage titles but in SC it doesnt matter and the title brand on my porsche doesnt effect the smiles per gallon!
@ShellShock794
@ShellShock794 3 года назад
My car was rebuilt in like 2002 or something. 20 years ago and still kicking. I'm going to assume it was rebuilt correctly
@texasjoe_streetracing_audi9671
@texasjoe_streetracing_audi9671 3 года назад
This is some good content. .. 👍👍👍
@GlitchedGamer26
@GlitchedGamer26 3 года назад
Rip my 2009 legacy insurance totaled her and it’s now at co parts But I got 4300 and copped a nice gti 👌🏻
@blakemilton6566
@blakemilton6566 3 года назад
I have a weird title situation, I recently bought a 05 s600 that is branded “previous taxi” why would a higher end car like that have that on the title?
@arkautosales6111
@arkautosales6111 3 года назад
Those cars were used as taxis in the Middle East. Small possibility the car has been imported and or exported. There are also commercial title brands. Typically means it was used by a company and not a single owner. It would devalue a newer car; but no big deal on an older car dude. I wouldn’t worry about; just a bunch of different people farted on your seats is all.
Далее
The 5 ways dealers make money in a car deal
12:37
Просмотров 355 тыс.
Обменялись песнями с POLI
00:18
Просмотров 260 тыс.
How much is Ed Bolian’s Car Collection worth?
21:35
Просмотров 307 тыс.
Here's why car rental companies hate car guys
17:30
Просмотров 2,2 млн
Vermont loophole is DEAD!
14:17
Просмотров 168 тыс.
Doug's craziest car-guy wife stories
14:32
Просмотров 203 тыс.
The Electric Vehicle Charging Problem
19:50
Просмотров 4,9 млн
World’s WORST Exotic Car Buyers!
31:04
Просмотров 699 тыс.
Buying a Salvage Title Car: Bargain or Nightmare?
10:03
How to tell if a CRAZY car deal is a SCAM
11:29
Просмотров 311 тыс.
Обменялись песнями с POLI
00:18
Просмотров 260 тыс.