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Translation glossary: Carfax glossary

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Showing entries 51-69 of 69
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OCRAThe Oficina Coordinadora De Riesgos Asegurados S.C. (OCRA) is a Mexican not 
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Odometer RollbackIf a more recent odometer reading is less than an older reading, then the odometer may have been tampered with and \"rolled back.\" The odometer read 
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Personal UseVehicle was registered by the owner for private or personal use. 
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Rebuilt/Reconstructed TitleA Rebuilt/Reconstructed vehicle is a salvage vehicle that has been repaired and restored to operation. These vehicles are often severely damaged befo 
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RelocationWhen a vehicle is moved from one state to another with no change of ownership. 
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RentalVehicle was registered by a rental agency. 
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RepossessionWhen a repossession occurs a vehicle owner fails to make loan payments, and the financial institution holding the title takes possession of the vehic 
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Salvage Auction RecordMost vehicles sold at Salvage auctions were declared totaled by insurance companies. Most of these vehicles have sustained significant damage but the 
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Salvage TitleA Salvage Title is issued on a vehicle damaged to the extent that the cost of repairing the vehicle for safe operation exceeds its fair market value; 
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ScrappedVehicles that have been dismantled and/or crushed and should not return to the road. 
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Service Plan CompanyService Plan Companies market extended warranty plans to buyers of both new and used cars as mechanical breakdown insurance. Information is collected 
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TaxiVehicle was registered as a taxi or \"for hire\" vehicle. 
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Title IssuedA state issues a title to provide a vehicle owner with proof of ownership. Each title has a unique number. Each title or registration record on a CAR 
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Total LossAn insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possessio 
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Truthin 
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U.S. Privacy LawsThe U.S. Driver\'s Privacy Protection Act (DPPA) of 1994, among other laws, restricts the use of personal information such as name and address, to sp 
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Vehicle ID No. (VIN)This 17 character number is unique to each vehicle. It identifies characteristics of the vehicle, including manufacturer, year, model, body, engine s 
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Vehicle Sold With DamageSeveral companies provide data to Carfax about their fleets. To disclose the true condition of the vehicle, these companies occasionally sell vehicle 
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Verified Odometer RollbackWhen an odometer rollback is reported to and verified by a state or province law enforcement agency. 
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