Salvage is used in the automotive industry to describe a vehicle that has been damaged more than 70% of its market value.
- Insurance company's write off those vehicles since the repair cost is too high. Repaired vehicles will be a Rebuild Salvage Title after meeting certain criteria.
- If the loss is greater than 91% of the vehicle's market value, it is eligible for a scrap title or total loss
- If the vehicle is repaired to a roadworthy, drivable condition, it is annotated as rebuild salvage and can be operated as a clean title
- Title washing refers to the transferring of the vehicle registration for the express purpose of removing a title brand