Definitions for "Salvage Title"
A Salvage Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle for safe operation exceeds its fair market value; or a vehicle that has been declared a Total Loss by an insurer or other state or jurisdiction. Some states treat Junk titles the same as Salvage but the majority use this title to indicate that a vehicle is not road worthy and cannot be titled again in that state. The following ten States also use Salvage titles to identify stolen vehicles - AZ, FL, GA, IL, MN, NJ, NM, NY, OK and OR.
A title issued on a vehicle where an insurance company has declared the vehicle a total loss. These vehicles were typically involved in a flood or severe accident. These vehicles are not eligible for extended warranties.
A title issued on a vehicle when an insurance company has declared the vehicle a total loss. These vehicles may have been involved in a flood or severe accident. Vehicles with salvage titles are not eligible for extended warranties.