Salvage Retention

A Salvage Title is a designation placed on a vehicle's title after it has been declared a total loss by an insurance company. Once a vehicle has a salvage title, it cannot be legally driven on public roads in most states until it is repaired and re-inspected, after which it receives a Rebuilt or Reconstructed title.

A Rebuilt Title is issued after a previously salvaged vehicle has been repaired and passed a state-required inspection, allowing it to be legally driven and registered. Rebuilt-titled vehicles are typically worth 20-40% less than equivalent clean-titled vehicles.

Actual Cash Value is the dollar amount your insurance company is required to pay you for a totaled vehicle. ACV represents the price you would pay to buy a comparable used vehicle of the same make, model, year, mileage, and condition in your local market — not the vehicle's original price, replacement cost, or what you still owe on a loan.