Certificate of Destruction Reasons Issued
A Certificate of Destruction is a type of title replacement issued by the Department of Motor Vehicles to sell a motor vehicle, mobile home or vessel for parts or scrap metal. Some States label Certificate of Destruction as “Junk” but usually means the same thing. A National Motor Vehicle Title Search is a good way to confirm the vehicle’s status.
Facts
- A wrecked, stolen, damaged or destroyed motor vehicle by acts of nature is totaled by the owner’s Insurance Company. If estimated costs to repair the physical damage is equal to 90% or more of the current retail value. Therefore, it isn’t worth obtaining a rebuilt salvage title. Tip* A total loss is not applicable when the estimated costs of repairing the motor vehicle is LESS than 80% of the current retail cost of the motor vehicle.
- Motor Vehicle is seven (7) model years or newer with a retail value of at least $7,500 (as established in any official used car guide or valuation service). When estimated cost to repair is equal to 90 percent or more of the current retail value so therefore, the repair cost exceeds the vehicle’s fair market value. It’s only residual value is a source of parts or scrap metal.
- Retail value of a motor vehicle is less than $7,500 or vehicle is not a late model vehicle (more than seven (7) model years old) is damaged, wrecked or burned to the extent that the only residual value is a source of parts or scrap metal.
More
- Motor Vehicle retail value is less than $7,500 and not a late model, comes into Florida under a title or other ownership document that indicates the vehicle is not repairable, a junk or is for parts or dismantling only.
- The estimated costs of repairing the physical and mechanical damage to a Mobile Home (with a retail value of $1,500 or more) is equal to 80 percent or more of the current retail value of the mobile home.
- Upon request of the registered owner regardless of the make, value or model year.
- A abandoned Motor Vehicle, Mobile Home or Vessel in a public or private area and towed away by a towing and transport company. The towing company files a towing and storage lien and obtains a certificate of destruction instead of a title.
Certificate of Destruction Reporting Requirements
Before transferring any vehicle to a certificate of destruction a report at (NMVTIS) is a requirement in Florida State Law. A copy of the certificate of destruction is kept by buyer and seller for 3 years. Once a certificate of destruction has been issued, it can not be undone. Unless done in error by the original transfer. The vehicle can not be insured, registered, or legally operated on the streets or highways. It can only be sold for parts, scrap metal or used to rebuild another vehicle.
Requiring you to have a title or certificate of destruction if your selling vehicle for parts or scrap metal, you are .So that a facility can purchase it from you.
If you purchased a vehicle with a Certificate of Destruction in Florida, it can not be reversed. Unless the towing company and/or Insurance company that totaled it agrees to reverse it. See rules in other states.
You can contact a FL Licensed Attorney with any questions about obtaining a Court Order to reverse a Certificate of Destruction