What does “salvage report” mean?

It means don’t buy it unless you want a money pit.

Plus, once the vehicle is repaired, passes an inspection, a "rebuilt" or "reconstructed" title is issued so the vehicle can be registered and driven on the road again. The title is branded from that point on, greatly reducing the vehicle's resale value in the future. If the vehicle is an older model the damage could have been minor, such as hail damage or possibly a fender bender. But if it's a newer model you don't want it. The damage will have been extensive and most likely the vehicle will be problematic for the rest of its life. Hope that helps! Jim