A title certificate proves ownership of a car, truck, motorcycle, motorboat, or manufactured home. The title is used to transfer it to another owner.Every title shall bear the brand "REBUILT SALVAGE" and the abbreviation "NY" if the vehicle is eight model years old or newer on the date of loss. The signatures must be the same as the names on the title. A Salvage Title In New York Indicates A Vehicle Has Been Declared A Total Loss By An Insurance Company. Learn what a NY bonded title is, if you qualify for one, and how to apply. Getting a bonded title in New York should be your last resort. A vehicle title, or a certificate of title, is a legal document showing proof of ownership of a vehicle. It contains important information about the vehicle. A salvage title indicates that a motor vehicle has sustained severe damage.