Previous Title Branded Salvage: Damage or Not Specified - Any
vehicle which has been wrecked, destroyed or damaged, to the extent
that the total estimated or actual cost of parts and labor to
rebuild or reconstruct the vehicle to its pre-accident condition
and for legal operation on roads or highways exceeds a
jurisdiction-defined percentage of the retail value of the vehicle.
The retail value of the vehicle is determined by a current edition
of a nationally recognized compilation (to include automated data
bases) of retail values. Salvage-Damage or Not Specified also
includes any vehicle to which an insurance company acquires
ownership pursuant to a damage settlement, or any vehicle that the
vehicle's owner may wish to designate as a salvage vehicle by
obtaining a salvage title, without regard to extent of the
vehicle's damage and repairs, or any vehicle for which the
jurisdiction cannot distinguish the reason the vehicle was
designated salvage. / Per NMVTIS Report
Previous and Current Title(s) Branded Rebuilt: The vehicle,
previously branded "salvage", has passed anti-theft and safety
inspections, or other jurisdiction
procedures, to ensure the vehicle was rebuilt to required
standards. Also known as prior salvage
(salvaged). / Per NMVTIS Report
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