A vehicle that is hugely compromised is typically assigned with a “branded title.” Many online portals, including CARFAX, can help obtain vehicle history reports to determine whether or not a car has a branded title.
Based on what the vehicle has been through, it is provided with a branded title. Here is an overview of some common types of branded titles –
1- Lemon title brand
Vehicles that are excessively defective are required to be returned to the manufacturer as per the state’s lemon law.
When a vehicle is returned to the manufacturer using the lemon law protection, branded title buyback lemon is required to be displayed on the vehicle if it will be sold as a used car down the line. You can easily access CARFAX to determine whether or not the vehicle you have purchased features branded title buyback lemon.
2- Odometer rolled back title brand
The lower the mileage on a car, the better its market value. Hence, many frauds roll back the odometer on vehicles to make them appear new and less used.
Even though odometer tampering is hard to detect, a professional is capable of determining the same easily. Once determined, such vehicles gain odometer rolled back title brand on them.
3- Salvage title brand
Salvage title brand is when a vehicle in question has sustained damages that cost more than the vehicle’s fair market value. This title is offered when a vehicle is deemed as a total loss or totaled car by the insurance company. With a salvage title, you cannot benefit from the vehicle buyback program.
4- Rebuilt title brand
A vehicle with rebuilt title brand was once issued a salvage title but was repaired to make it roadworthy. These titles can prevent you from vehicle buyback program, too.
5- Water damage title brand
Vehicles compromised with flood or other types of water damage tend to receive water damage title brand. Other weather-caused damages include hail storms. Many of the states offer title brands for hail damage, too.
For more information, log into https://www.allenstewart.com/
About the company
Allen Stewart is one of the leading law firms in the USA that provides legal services to a wide range of issues, including occupational cancer, bankruptcy, fraud, lemon law and personal injury. They have a proven track record of successfully assisting hundreds, if not thousands, of clients in the past. From navigating you through complex legal procedures to helping you comprehend your rights, their attorneys will stand by your side at all times.
Contact
Address – 1700 Pacific Avenue Suite 2750, Dallas, Texas 75201
Phone – 866 440 2460
Website – https://www.allenstewart.com/