National Motor Vehicle Title Information System (NMVTIS). Is the system implemented by the US Department of Justice to protect consumers, that allows the titling agency to instantly verify the information on the paper title with the electronic data from the state that issued the title.
By AutoBidBroker|2021-09-19T13:36:32-04:00September 19th, 2021|Comments Off on What is the NMVTIS?
Title Brands indicate whether a used vehicle has sustained damage or might be potentially unsafe to drive, this information will usually be reflected in the car’s title. If the car has been significantly compromised in any way, it will be assigned a “Branded Title”. No individuals or private companies can brand titles. Title branding is handled by a state agency and it is tied to the vehicle identification number (VIN) If you have questions about title brands used in your state, we recommend contacting your state’s department of motor vehicles. Clear title: When a title is issued to an owner with no lien
By AutoBidBroker|2021-09-19T13:36:32-04:00September 19th, 2021|Comments Off on What is Branded Title?
“Damage Codes” are for reference only, these codes are indicated by the auction yard that is auctioning the vehicle. The auction company expressly disclaims the accuracy of Damage Codes, as information may not accurately reflect the type or extent of damage to any vehicle. Damage codes are an indication of the primary impact area or damage to a vehicle. All Over: Damaged in multiple spots Engine Burn: The engine caught fire Interior Burn: The inside of the vehicle caught fire Exterior Burn: The outside of the vehicle caught fire Total Burn: Vehicle has burn damage all over Front End: Damaged by
By AutoBidBroker|2021-09-19T13:36:32-04:00September 19th, 2021|Comments Off on What are the Damage Codes?
Buying with AutoBidBroker is a very simple process, and also the documentation process is very simple too. After you pay for your vehicle, you need to sign the Bill of Sale paperwork. The auction company will send the ownership documents to the AutoBidBroker office, and AutoBidBroker will process a reassign to your name and then send to you all the original vehicle documents via FedEx. Due to laws in certain states, it may take more time to process the documents. Please note that you are responsible for taking the documents to your DMV and processing registration per the state laws.
By AutoBidBroker|2021-09-19T13:36:32-04:00September 19th, 2021|Comments Off on Understanding the documentation Process
There are a variety of different ownership documents that each state can issue to a vehicle, each state maintains information on their websites. Title types denote the ownership document that will be transferred to the buyer. Clean title – no history of damage with an insurance company Salvage title – the damage was reported to an insurance company that was no longer worth a clean title Rebuilt – after a vehicle is fixed the vehicle earning a salvage title and has gone through state inspections Parts only – vehicle that only can be dismantled for parts Certificate of Destruction – parts only vehicle in the
By AutoBidBroker|2021-09-19T13:36:32-04:00September 19th, 2021|Comments Off on Most common titles
The “Ownership Documents” should arrive within 2-5 weeks from the Sale Date depends on the State, California, and Florida takes up to 90 days due to States Regulations. Once payment is made, and the “Purchase Agreement” and “Bill of Sales” has been signed, the ownership documents will be sent to AutoBidBroker from the auction company yard, where we will be placing in your name, and then sent by FedEx to the mailing address we have on file. An email notification will be sent with a tracking number when the documents are sent.
By AutoBidBroker|2021-09-19T13:36:32-04:00September 19th, 2021|Comments Off on How long will take to receive the ownership documents?