What does “Bonded Title” mean?

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A bonded title is typically issued when significant discrepancies exist in the original vehicle documentation. In such cases, a security bond, equal to the value of the vehicle, is purchased to serve as protection against any valid future claims on the vehicle. This bond helps clear any liens or ownership claims. A bonded title carries a “Bonded” stamp, which remains for three to five years, indicating its status.

If you have any questions about vehicles for sale or auction with bonded titles, our RideSafely support team is here to assist you. Please feel free to call us at (215) 289-0300 for immediate support.

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Updated: December 12, 2024, 3:02 PM  

December 12, 2024   28   RideSafely    Documentation    Auction Terminology, Auction Terms, Bonded Titles, Salvage Titles, Vehicle Condition, Vehicle Documentation, Vehicle History
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