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. A Salvage Title In New York Indicates A Vehicle Has Been Declared A Total Loss By An Insurance Company.If an original title is lost, stolen or destroyed, you may obtain a duplicate Certificate of Title. Visit a motor vehicle agency to transfer the title, complete the Vehicle Registration Application (Form BA-49) if applicable, and receive the license plates. A simple Carfax report will show that the car was in an accident, and the dealership will then base the trade-in value on the damage that was sustained. Notarization is not required on a salvage title nor power of attorney when reassigning the vehicle over to the insurance company's name. Having a salvage title means the Department of Motor Vehicles (DMV) must inspect the vehicle first before issuing a new title certificate. Print and complete the form you need, then return it to the address noted on the form.