Selling a Rebuilt Salvage Vehicle
A person or dealer who sells a rebuilt salvage vehicle must provide the new owner with a disclosure statement regardless of the vehicle's age. The disclosure statement is located on the back of New York State title certificates.
If you fail to disclose the salvage history of a vehicle, you can pay a maximum fine of $2,000, and any additional penalties described in the New York State Penal Law.
Information for New York State Registered Automobile Dealers
DMV regulations require automobile dealers to receive a salvage disclosure statement from a vehicle owner when the vehicle is assigned to the dealer. The statement must be on the title certificate. The DMV will not register a vehicle or issue a title certificate for a vehicle if there is no salvage disclosure statement.
Automobile dealers must inform any vehicle buyer if
- the vehicle was damaged before the first sale of the vehicle
- the title certificate has a brand that displays 'REBUILT SALVAGE: NY'
- the previous retail owner supplied a salvage disclosure statement as described above
The dealer must confirm on the bill of sale that the buyer was notified that the vehicle was damaged. To protect yourself, ask the buyer to write their initials next to your statement on the bill of sale.