II;m thinking about buying a car that is being sold as a branded vehicle and I need to know what that means.
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A vehicle branding is a written notice that a vehicle previously did not conform to its warranty, had been rebuilt following damage in excess of 75% of it's retail value at the time of loss, originally entered New York State under a branded out-of-state title, had not been manufactured to U.S. standards, has been reconstructed or is not equipped with a tamper-resistant odometer.
Does the vehicle have a title with any notation that you do not understand?
No, I understand it now.
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What happens if the vehicle has been damaged and will cost more than 75% of the retail value to fix?
In that case, the vehicle could not be registered and it must undergo a salvage vehicle examination by the DMV.
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Can I take the plates from my other vehicle and put them on the new one, until I get plates for it?
No, sorry. Legally, you would not be able to drive your new vehicle until you get license plates and registration for that vehicle.
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What if the vehicle is only a couple years old?
Before you buy, make sure that the seller has completed the appropriate damage disclosure statement. This statement would show whether or not the vehicle's new title should be branded, "Rebuilt Salvage".
Where do I find the damage disclosure statement?
It's found on the backside of the vehicle's title.
