NOTE: Each state has its own rules and regulations governing vehicle titles. You must familiarize yourself with your state's procedures regarding title processes.
A good title, also known as a clean or clear title. This title can be registered over-the-counter in the state of New Jersey. Some standard titles issued to vehicles with damages may show damage history or theft history by title history reporting companies (Example Car Fax - NCIC)
A salvage title is assigned to a vehicle that has been declared a total loss from collision, flood, theft, fire or vandalism. A salvage vehicle cannot be registered or legally driven until vehicle is repaired, salvage inspection is completed, and a standard title with a status of "S" – meaning previous salvage – is issued.
STANDARD FLOOD TITLE
A good title with a status of "F", meaning flood damaged. This title can be transferred over-the-counter without salvage inspection in the state of New Jersey.
SALVAGE FLOOD TITLE
A salvage title that has been branded flood. Procedure is same as salvage title above.
NON-REPAIRABLE / PARTS ONLY / EXPORT ONLY
A non-repairable or parts only title indicates that the vehicle cannot be titled or registered in the U.S. again. These vehicles, in most cases, may be exported.
NAM – Not Actual Miles
Title designation that means the true mileage is unknown. Often this is marked on a vehicle which has a digital odometer that may have been inoperable due to the damage to the vehicle OR no key. In some cases, mileage is verified after we receive vehicle, however title may still be marked NAM.
Buyer may not rely upon any information provided (whether orally, in writing and/or in digital image form), included but not limited to: year, make, model, condition, damage amount, damage type, drivability, accessories, mileage, odometer disclosures, vehicle identification number (VIN), title, repair history, title history, and total loss history. ECONOMY AUTO INC. does not guarantee that any vehicle sold can be legally registered in any state or country. Buyer is solely responsible for confirming, researching, inspecting, vehicles and any/ all information regarding the type, condition, status, and history of vehicles before buying them.
All SALES ARE FINAL and no vehicle may be removed until paid in full. ECONOMY AUTO INC. expressly disclaims liability for loss or damage to any vehicle after purchase, including, but not limited, loss or damage caused by theft, fire, negligent act or inclement weather or other act of God, and vehicles remaining on the premises after purchase do so at buyer’s sole expense and buyer's risk.