Knowledge Base Tag: Auction Terminology

  1. What does it mean if the motorcycle has no title?
  2. If the title says “Texas Original,” can it be registered in the US?
  3. What does it mean when a car is sold “as is, where is”?
  4. What does “Nevada Salvage Title” mean?
  5. What does “Salvage Rebuildable” mean in the title?
  6. What does “Auction Verification – Not Specified” mean?
  7. What does “Self-Load unit” mean?
  8. What does “Certificate of Destruction” mean?
  9. How can I be sure that a car runs and drives?
  10. What does “Clean Title (may become a salvage vehicle after ownership is transferred as per NMVTIS regulations)” mean?
  11. What does the damage type “Water/Flood” mean?
  12. “Engine starts” — does this mean the car starts but cannot drive?
  13. Salvage title due to theft and biohazard—is it possible to learn the details of the damage?
  14. What does “mileage exempt” mean?
  15. What does ‘Not Actual Mileage’ mean when a car lists 38,000 miles and then states otherwise?
  16. What does ‘CT CLEAR UNKSLVG HISTORY’ mean?
  17. What does ‘Non-Repairable/Kills’ mean?
  18. What does it mean when a title is labeled as a Salvage Certificate?
  19. What does ‘Certificate of Origin’ mean?
  20. Biohazard – Do these vehicles have a standard salvage title?
  21. What does “Not Specified – Vehicle Authentication” mean?
  22. What do ‘Biohazard,’ ‘Chemical,’ and ‘Environmental’ mean in a car auction?
  23. What does ‘Dealer Only’ in the title mean?
  24. What does Biohazard mean in car auctions?
  25. What does “Auction Verification” specifically mean in terms of “Runs and Drives” or “Engine Start”?
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