What does it mean when the report says "Total Loss reported"?

It was determined by an insurance company that the vehicle would cost more to fix than what it is worth. On an older model, like this one, it might not have been damaged severely. Maybe a fender bender, hail storm, or vandalism. It might be worth a look. But on a vehicle like this, absolutely get a carfax report or other vehicle history report to see how long ago it was totalled, has there been multiple owners since, and definitely look at the vehicle in person! Do not buy the vehicle if it comes with a salvage title. To get a salvage title vehicle back on the road is a huge hassle in most States and not worth the effort! Remember that if you do buy a vehicle with a rebuilt title it is worth much less at trade in time. If the total loss happened recently I'd be wary of it. Or if the total loss was years ago and the vehicle has had multiple owners since, you don't want it. That's a red flag that something is wrong with the vehicle that can't be fixed. Hope that helps! Jim