Such great reference, for buyers as well as people new to the car business! Another note about titles and older cars: many US states either don't issue or don't require titles for cars over 20-25 years old. I took a classic car in trade last summer and had to explain to a few people that the car didn't have a title, didn't need a title, and that was normal in my state. And it's good to learn what titles from your state/states you do business in look like, that's helped me a few times.
@matrixcartel59433 жыл бұрын
Today I had a thought about this content and here you read my mind. Thank you brother
@LuckyLopez7773 жыл бұрын
Glad I could help
@Seyinicez7 ай бұрын
This an eye-opener clip you don't know what you don't seek for. Great video
@downbeatfinancial3 жыл бұрын
Arizona now has a fully electronic title transfer process even for private parties. You can still get a physical title from the DMV or transfer in person but because your drivers license holds your titles, they let you transfer online via a sales portal or a buyer portal.
@LuckyLopez7773 жыл бұрын
Yeah I Nevada we have ELT which is electronic transfer title but we still use paper titles which is weird
@Mohammedalee-ue5xj11 ай бұрын
@@LuckyLopez777 Hi sir I bough a car when I purchased it was a clean title ,but when I tried to register it , i received a junk certificate from the dmv , what should I do now
@alexanderquilty57052 ай бұрын
Sue the seller. I'd double check what classifies the vehicle as a Salvage Title for your state (if you bought it outside of your state), if you bought it in the same state, then I believe that you have been lied to.
@donttrip-wt6kjАй бұрын
the DL holds your title,how so?in what way?intresting.
@Kazbek-Yandarov Жыл бұрын
Lucky, fun fact and speaking from experience. Bought preowned used M5 back in the day from BMW dealer and almost 2 years later they lemoned it. So, it doesn’t necessarily needs to be brand new.
@Mrhandyhitman3 жыл бұрын
Keep grinding bro sooner or later you’ll blow up on YT! 💯
@Mrhandyhitman3 жыл бұрын
Can you get into more detail about getting a vehicle that is salvage to rebuilt? My vehicle was recently totaled and i am in the process of fixing it myself with the remaining money they are sending & had no idea I can’t drive it while it’s salvaged And also about vehicles with no titles you mention to get it towed is that to get a totle?
@LuckyLopez7773 жыл бұрын
@@Mrhandyhitman I appreciate that when it comes to turning your car over you just have to see what your state requires some of them it’s just getting inspected by local shop filling out a document and then bringing it into the DMV for inspections
@blackautobuying19873 жыл бұрын
Good afternoon Lucky I can't wait for your online school course are up and running
@LuckyLopez7773 жыл бұрын
They are up and running we are only taking a few select students at the moment
@blackautobuying19872 жыл бұрын
No worries, keep me informed when you open it up to the general public. I would lim.jevto ploan to purchase your courses
@willr694202 жыл бұрын
*Aaron Palos from Life of Palos sent me and I'm glad I found you, you have a great channel!*
@LuckyLopez7772 жыл бұрын
Welcome!! hopping I get back on Life of Palos next week :)
@OneOut12 жыл бұрын
Back in the day I knew some crooks from Mississippi who bought high mileage cars at Big H Auto Auction in Houston. They would mail the titles to associates in Mississippi who didnt register miles on titles like Texas did at the time. They washed to titles into MS titles with no miles then sent them back to Texss where they were transfered back into Texas titles and miles listed as whatever they wanted them to be. They made bank but were known to be crooks among other dealers.
@Fl-ev8mr3 ай бұрын
In Nc you can insure a salvage and you don’t need to do an inspection to make it rebuilt unless it’s 6 years and newer.
@fritz04263 жыл бұрын
Great content. Really appreciate this.
@LuckyLopez7773 жыл бұрын
Thanks 😁👍
@living_life_randamyly11 ай бұрын
What about a a Jeep? Is it OK to buy a Jeep with a rebuilt title? I have found 2 of them and I like them. If I do my research and everything is OK, I just want to make sure that a Jeep is still good.
@ColinsplatvonzipperAngus3 жыл бұрын
Thanks again Lucky. Good stuff here.
@LuckyLopez7773 жыл бұрын
Thanks 😁👍
@foreveracapitalist19303 жыл бұрын
Always dropping jewels bro. Greatly appreciate
@LuckyLopez7773 жыл бұрын
You already know! :)
@shawnmason52903 жыл бұрын
I know that there are mis statements as well as accurate information pertaining to Illinois as well as Illinois with insurance law. I think it would be helpful if those of us that have personal friends that are 20 and 30 year employees of our state department of motor vehicles or whatever you want to name that department would sit down with those folks and input there corrections to help lucky in his quest to have a accurate one stop place for information. What Lucky is attempting here is helpful.
@pinchevictor69452 жыл бұрын
If you’re reading this and are stuck with a “FOR EXPORT ONLY” title I believe there is a way around this stamp. In about 1 week from this comment 10/11/21 I will upload a video explaining what process I went through and the location of where this office is located. I believe it is a third party DMV and I’m being directed here from the seller who I got the car from. He even said this office can help me bypass CHP🤞🏼
@LuckyLopez7772 жыл бұрын
i know what your talking about. if doesnt work. as soon as they go to register it or insure it or car goes to another state will trigger red flaggs
@pinchevictor69452 жыл бұрын
Update guys… I feel like there’s no need to make a video since I already went to a third party office and i also went to the dmv. Anyways, third party was definitely able to help me but since my fees surpassed his limit he was not able to help me. If you have a “For Export Only” title you will need to get a Bill of sale, Break and lamp inspection, VIN verification and a smog check that is all you need to register your car. I went to the DMV 2 times with my “For export Only” title and there wasn’t a single issue I ran into because of stamp. They will ask you a few questions like… Where did you buy the car? Who sold it to you? How much? Did you fix it? Questions along those lines just be prepared to answer their questions if so. Don’t tell them you fixed the car! The DMV I went to is located in Turlock, Ca. Look it up, there’s only one location in Turlock. Let me know if you guys have any questions or want the third party’s office info.
@QW-vp7be Жыл бұрын
@@pinchevictor6945trying to register a vehicle that has a stamp “for export only” the seller fixed it, bought it at an auction, looks like a salvage car.... help? I’m in California. Any help would be greatly appreciated.
@user-by6eh9gy1v4 ай бұрын
Thanks for the info! A lot of dealers do some shady shit
@andreysinicin94192 жыл бұрын
NYS AND NJ have Lemon law for used car too
@amonpangalala33293 ай бұрын
Great video, useful information. Is there any different between clean & clear titles I see them at times .
@mikemillie38263 жыл бұрын
As a dealer I’m allowed to take customer to dmv register their car and the customer pays the sales tax to dmv and they get get the title mail
@LuckyLopez7773 жыл бұрын
It depends on your state. But I usually pay my taxes at the end of the month and the customer register the car I never go to the DMV
@JohnnyDangles862 жыл бұрын
Im pretty sure you can register a Export only title especially if it is already registered in IL
@LuckyLopez7772 жыл бұрын
We tried in Chicago you may get past a small town but eventually DMV will kick it out
@bobsides58702 жыл бұрын
I have seen a lot of these titles on thee COART site and was wondering what the heck! I only knew of Regular Titles, and Salvage/rebuilt. I even heard of was ahsiing the titles between states. OTT I was like IDK and not sure what it means to me, Now I know. FNG here stay in the green lane. I figure its for new horn green folks anyway right Lucky?
@nawakaida749911 ай бұрын
I’m a little confused. I bought a car that had a salvage title on the pink slip. I never got a rebuilt title but was still able to register and insure it with no problem. Not only that, I also financed it too. But according to you, none of that is possible with a car that has a salvage title. How did I manage to do everything that was not possible?
@theafricanamericanunicorn3 жыл бұрын
Excellent info Lucky
@LuckyLopez7773 жыл бұрын
Thanks 😁👍
@info_carsolution21 күн бұрын
You also didn't mention about BILL OF SALE & destruction title
@mcleanuniform223 жыл бұрын
I didn’t gently squeeze the like button…..I hip thrusted it.
@LuckyLopez7773 жыл бұрын
🤣🤣🤣 Thrust for the Wins 🙌
@petercook3143 Жыл бұрын
You missed it, there are 2 types of "Salvage Titles" and Insurance doesnt issue them. Insurance companies issue Salvage Certificates. People call these Salvage Titles, they are not. A salvage title term only applies to a title issued by the state, only after reconstruction and inspection. This is different type of inspection than normal yearly inspection.
@jaimemagana79813 ай бұрын
I had a salvage title and got full covrage and registered only had to apply for a salavage title
@831piper3 жыл бұрын
Good one Lucky!
@LuckyLopez7773 жыл бұрын
Thanks!
@jong1796 Жыл бұрын
Thank you , very helpful.
@oleradiodudea.m.47353 жыл бұрын
1:28 in the video there is an error. The claimant does not have the obligation to purchase a totaled car back from the insurance compnay. I think you meant to say "OPTION" to purchase the car back.
@LuckyLopez7773 жыл бұрын
Your the 5th one lol Option to buy
@oleradiodudea.m.47353 жыл бұрын
@@LuckyLopez777 That means viewers are attentive!
@murp18753 жыл бұрын
awesome ,I Really appreciate this
@LuckyLopez7773 жыл бұрын
Thanks 😁👍
@info_carsolution21 күн бұрын
You didn't mention anything about clean title?? Does Theft cars always get salvage title? Does salvage title applies if car has been been recovered within 72 hours? Has all states in usa got the same policy on theft car titles ?
@JakeMilson-s1o6 ай бұрын
So as a consumer just buying a car for myself and not looking to flip. Flood, fire, theft, & salvage titles, if the repair work is done correctly and pass all inspections can be converted into rebuilt titles?
@jacobnavarro5101 Жыл бұрын
In California export only no problem you just have to do inspection
@cindyadalid25027 ай бұрын
is that true
@lauranjohnson99723 жыл бұрын
❤️❤️❤️ thanks For the awesome content
@LuckyLopez7773 жыл бұрын
Thanks for watching 😁
@info_carsolution21 күн бұрын
If damage is normal wear & tear & there is nothing to repaire oon these cars means there is no repaire estimate so on what basis these car get salvage title?
@info_carsolution21 күн бұрын
On what percentage car declared salvage by insurance company? Does every state in isa has differet percentage policy ??
@info_carsolution21 күн бұрын
Minor dent & scratches damage is also got starange title. If a car hasn't got a single scratch on it so on what basis car has been given salvage title?? Again there is nothing to repaire on these cars??
@christin10952 жыл бұрын
im considering buying sprinter van thats salvaged but the vin check says its a junk vehicle and salvaged? does that mean i cant buy or register it for the road in California?
@LuckyLopez7772 жыл бұрын
Never buy anything JUNK titles
@anthonyletourneau2696Ай бұрын
What’s the deal with lenders and rebuilt titles? Low ltv I’m assuming?
@Bighomie-g4g6 күн бұрын
What about “WA-Bill of sale”?
@samdavidceres3 ай бұрын
He’s saying you can’t register a salvaged title. I live in California and I own 2 salvaged title cars. They’re both registered and insured
@LuckyLopez7773 ай бұрын
Once you go through and inspect, Then they become able to be registered. /rebuilt. Aka a blue title instead of a orange title
@tmr777 Жыл бұрын
I appreciate that you are knowledgeable, however, you're making too many generalizations which aren't accurate. For example, CA and SD both accept an export only, an MS junk title can be converted into a rebuilt (it's stated on the DMV website) (I believe KY as well) and insurance companies can and do insure salvage (not yet rebuilt) vehicles (Progressive).
@horaciomontero2607 Жыл бұрын
I just bought a car with "For export only” stamp on the salvage certificate, do you think I can register and get a title? I’m in Riverside, Ca.
@tmr777 Жыл бұрын
@horaciomontero2607 My car had an export only stamp on the Salvage Certificate. I went to the DMV in Palm Desert and explained that it was a mistake. She gave me an affidavit to sign, crossed out the export only and that was that.
@XennialGuy3 жыл бұрын
I think you meant to say you have the "option" to purchase the salvaged vehicle, not the obligation. You are not obligated in any way to purchase the salvaged vehicle.
@LuckyLopez7773 жыл бұрын
you have the right to buy in from the insurace company
@shawnmason52903 жыл бұрын
Every state may be different on this one. In Illinois I hold my insurance license. The company that I work for is the car must be nine years or older to have the option to buy it back as a total. The insurance company knows what the car should bring at a vendor such as Copart and that is the dollar amount that they takeoff the total settlement number.
@boedayious49932 жыл бұрын
Bought my Fairmont back. Got salvaged title. Fixxxed car. CA State safety - Brake Light Smog check. Certs. Registered. Insured for LIABILITY ONLY NO comp and collision. And with ACV insurance any way you already been paid for vehicle.
@nevetsaruges44532 жыл бұрын
How do you know if the title is washed? What do you look out for in the carfax?
@LuckyLopez7772 жыл бұрын
it will show title history
@MM-fi2cg11 ай бұрын
God bless you brother, but I have a question please I get cargo van rebuilt title is problem?
@poetic8tradegy2 жыл бұрын
There’s a dealer where I live called Autosource I thought about buying from. I think they have a location in Vegas as well. They say their cars are “Branded Title” What does that mean? I don’t mind buying rebuilt title but branded? 🤔
@LuckyLopez7772 жыл бұрын
I dont if I get them for cheap. Autosource sells them for almost retail.
@poetic8tradegy2 жыл бұрын
@@LuckyLopez777 is Branded Title a legit title then?
@LuckyLopez7772 жыл бұрын
@@poetic8tradegy yes. Some cars are totaled out for a very little reasons you just have to check because most insurance companies wanna ensure a salvage rebuilt car and if you get in an accident they’re only going to pay 50 to 70% of the value
@jordanbest39263 жыл бұрын
So you can throw a dealer tag on a some of these questionable titles and drive them?(the Gallardo you mentioned)I had a local dealer tell me they bought “export only” cars, repaired them, drove them for a while, then shipped them out. Would you have any serious issues if you got in an accident?
@LuckyLopez7773 жыл бұрын
If you get into an accident your insurance company would only pay what the Junk value of the vehicle is.
@QW-vp7be Жыл бұрын
Title: junk , for export only already registered in California. Bought it from a seller that buys salvage cars at auctions
@CandicesVanity11 ай бұрын
When you say non financeable, do you mean no car lot with sell them? Or do you mean car dealers can have them for sale but only at a cash price?
@anthonywilson83665 ай бұрын
gold advise thanks
@DainiusMatijosaitis2 жыл бұрын
Hey Lucky, question: what about salvage title classic cars? I bought a dozen classics from USA and imported them over here to Europe, and we are fully restoring most of them (I mean full rotisserie restorations), and some of them have clean titles and some of them have salvage titles (since most of them I bought from Copart and Iaai). Here in Europe, Clean or Salvage is not a problem, because cars (when finished) have to go through all kinds of inspections and when passed, they get EU title and is good to go anywhere. But what about US market? I mean, what if we decide to reimport some of the classics from here in Europe back to USA when the cars are complete and finished, just because there's a better market for some models there than here in EU. Will the salvage titles damage the value of a fully restored classic car? Is it insurable and financeble? (as I know financing is different for classics in US). I thank you very much in advance for your knowledge, been watchin all your videos for the past few years and they helped me a lot. P.s. The cars I'm talking about are first gen Camaro, C3 vettes, 55 Thunderbird, Old Broncos, Ramcharger, Range rover and so on - everything way older than 30 years. THANKS AGAIN!
@LuckyLopez7772 жыл бұрын
over seas they dont car. just dont send them back to the US or the will be branded export only
@vickashpersaud24282 жыл бұрын
I bought a rebuilt title car from Virginia an to register it in nyc I have to go through the salvage inspection but the car already went through inspection in Virginia cause it was in a flood so I don’t have no receipts to show whatever was fixed on the car. Do you have any idea what I can do? The title says rebuilt water damaged right now
@lm_mmmheyday95892 жыл бұрын
How about (RECONSTRUCTED TOTALED) pls respond I will appreciate so much!!
@LuckyLopez7772 жыл бұрын
that means rebuild
@sorinr69467 ай бұрын
Good day Lucky. I am looking to export a vehicle from the USA. The problem is that a Salvage title can’t be registered in Europe. Only a Certificate of title branded salvage. What is the difference with them and what paperwork should I submit to the DMV in order to have the Salvage certificate changed to a Certificate of title branded salvage. Thank you.🙏🏻
@Diddypartyat6pm Жыл бұрын
I don’t have dealer plates. If I buy a car from a police auction or Facebook etc… how do I transport it without going to jail for lack of insurance and such
@moxiGirl-jb2rt7 ай бұрын
So we bought a 2003 Mazda protégé 5 supposed friend 1,800.00 take the title to dmv ...branded title exceeds manufacture timits.i never filled in name or gave the seller the white top portion of the title he's wanting it to turn I don't want this salvaged title problem..I asked him for money back ..he.never mentioned any of these things prior to me giving him the money isn't he suppose to do thay
@michaelwilson20711 ай бұрын
Hey Lucky, thanks for the great videos. One question, if I live in Florida and I buy a out of state salvage title car like from North Carolina. Would I have to take it back there for inspection in order to get a rebuilt title? Thanks.
@victorvargasce7 ай бұрын
did u solved ur issue? i’m in the same situation and i want to now what can i do to have everything set, im looking to buy a car from california with a salvage title and bring it to florida
@dollarzUS2 жыл бұрын
Thankz man 💯
@PraveenKumar-ml1uh11 ай бұрын
What is Bill of Sale Parts Only available to the public / Title Group: Non-Clean ? I have seen this on copart ? Could you please help me .
@pl29964 ай бұрын
Lucky appreciate the vid. Maybe you can explain this? I bought a hail damage car from IAA brokered by SCA Auctions (i'm not a dealer hence SCA). The car is a 2020 Forester. It's been a Texas car from the beginning and I myself am in Texas. I thought Texas does not salvage title a car if it's just due to hail. I am getting the title in a couple days but it seems like it may be a salvage title? I'm a bit confused by this. Even before purchasing I called IAA and asked what kind of title I would receive. After giving them the VIN they assured me it would be clean. Any idea what's going on?
@alexiszanches2886 Жыл бұрын
I have a question: my question is if I get a car from IAAI and it has a Theft title could I legally clear the Theft off or is just waste of time!?
@stevejohnson87032 жыл бұрын
Thanks
@KikaWaiAlae2 жыл бұрын
What's your opinion on cars with MCO/MSO?
@ochicoloto35242 жыл бұрын
Thanks for the details. I am trying to buy a car on auction for Turo. I did a filter. Searching only clean titles and saw a nice car but on the details it says Title Code: TN - CERT OF TITLE-REBUILT VEHICLE What does this mean. If I buy and register, will it be a clean title?
@KOLAWOLEAJIMISE Жыл бұрын
What are the types of car titles that can be export
@mikeallison32873 жыл бұрын
USAA will insure a salvage title fyi
@LuckyLopez7773 жыл бұрын
USAA will not they will do a rebuilt car but not salvaged. They always say salvage but they mean rebuilt
@mikeallison32873 жыл бұрын
@@LuckyLopez777 I defer to your expertise. However, they insured a salvage title for me two years ago and I also verified with them specifically about salvage titles when I registered last month to bid on Copart auctions, which your vids have been a great educational tool. Much appreciated!
@pablosari2195 Жыл бұрын
Hi, Can I register a car with a reconstructed title from PA in NY? The DMV told me to file a salvage form to get the car inspected. ???
@donttrip-wt6kjАй бұрын
why does one have to buy it from the insurance company when yiou were not at fault? how do they get ownership when they are just compensating me for the neglegice of the insured? its there obligation
@CAMM2404952 жыл бұрын
best video
@LuckyLopez7772 жыл бұрын
Thanks :)
@ChicagoGunners2 жыл бұрын
Is original title the same as clean title ?
@LuckyLopez7772 жыл бұрын
Clean is a type of brand of title. original title is to show 1 owner
@kanyefranklin5584 Жыл бұрын
Can I buy doors from the junkyard when rebuilding a vehicle to get a rebuilt title?
@aintnunbutapenut Жыл бұрын
What is regular cumulative damage
@zealgaming91235 ай бұрын
Someone is trying to sell me a “bonded title” it looks like an actual title and has their name on it. How can I know if this is the real deal??
@louispayne8592 Жыл бұрын
So it's ok to purchase a theft vehicle from iaai of copart?
@churchtimetv3 жыл бұрын
What if you lose a title at your dealership how would you get a new title?
@LuckyLopez7773 жыл бұрын
always make copies and have customers sign POA so you can alway file for a new title. and if you buy at auction they can get you copies
@churchtimetv2 жыл бұрын
@@LuckyLopez777 thanks for that tip as a new dealer I swear I’ve lost more money than I’ve made just on not being well informed…In GA you go to a 1.5 hr seminar in which you learn basically nothing and then you get your license and you don’t know anything… all I’ve done is screw up and get fined and make mistakes that cost me money but I love the industry so I’m going to stick it out until I either go completely broke or I learn how to run a dealership the right way lol.
@hamadalhammadi7477Ай бұрын
what if i bought lost title in auction?
@obito25752 жыл бұрын
Hey my car was stolen and it’s being auctioned off. I’m considering buying it back is there any issues I can expect with a theft title?
@actualizatemiami85212 жыл бұрын
Hey brother, I'm betting on a car in iaai, but it says (TITLE : DEALER ONLY ) what does that mean? Do you think I can register it if I buy it?
@LuckyLopez7772 жыл бұрын
you have to be a dealer to buy it. not open to public
@dinodanny65233 жыл бұрын
If I buy structural damage car in California, I wonder will that show on my new title ?
@LuckyLopez7773 жыл бұрын
If it’s Frame. Yes. The auction announces it then it sticks on the Auto check
@PABBATHIREDDYAKHILREDDY Жыл бұрын
In the dmv portal it says the title issuance date as 30 th august 2023, but I haven't received the title yet.. its 11 September 2023 today. Can anyone tell me how long it's going to take.
@anthonirodriguez5179 Жыл бұрын
A Gf left a truck at my house and disappeared, there’s no title no tags and it’s not hers . What do I need to do to put it in my name or sale it ? Or find out if it’s stolen ? And if it’s stolen should I just have someone pick it up ?
@Daisydukes_Mainecoons Жыл бұрын
POLICE INSPECTION COST 5 DOLLARS IN INDIANA WILL TELL YOU IF STOLEN