A rebuilt title car is a vehicle that has been declared a total loss by an insurance company due to extensive damage from an accident, natural disaster, or theft. After being purchased back from the insurance company, the car is repaired and then sold with a rebuilt title. The difference between a rebuilt title and a salvage title is that a rebuilt title car has been repaired to a point that it is safe for the road, while a salvage title car is considered unrepairable. Here are some things to keep in mind about rebuilt title cars:
- A rebuilt title car may have a lower market value compared to similar models with clean titles, ranging from 20% to 40% less.
- It may be difficult to sell a rebuilt title car, and some dealers may not accept them as trade-ins.
- Not all insurance companies cover rebuilt title cars, so its important to check with your insurance provider before purchasing one.
- Always have the car inspected by a shop with experience handling vehicles with rebuilt titles before purchasing, as they may know what to look for.
- A rebuilt title car may have hidden problems, such as electrical issues or frame damage, that may not emerge for months.
In summary, while a rebuilt title car may save you money upfront, it may come with hidden problems and may be difficult to sell or insure. Its important to have the car inspected by a professional and to consider the potential risks before making a purchase decision.
