Rebuilt Title, One of the golden rules for those who have little experience in cars is to prepare
before going to the market to buy a used car because not all of them are the same,
and not all of them have had the same type of maintenance.
This means that it is best to study the panorama of used cars and consult with a trusted mechanic
before deciding whether to buy the vehicle that you like so much and that you have found at an unbeatable price.
The car title tells part of the story
One of the things to pay attention to when looking for a used car is the type of title it has.
There are several types of titles that are issued depending on what happened to the car,
what it was used for, and the state in which the title was received. Thus, we have the following:
Salvage. This is a car that has been destroyed or damaged to the point that the cost of repairingit could be anywhere from 75 to 100 percent of the car’s total value.
Also, those who have been robbed are given the title of
Salvage. It should be noted that a car with a Salvage title may not be safe to drive.
Rebuilt. This title is given to a car that has been destroyed or damaged and has been repaired and inspected.Note that some states do not have this type of title, so in those states,
a vehicle that has been repaired may still have a
Junk/rubbish. This type of title indicates that the vehicle can only be sold for parts or scrap because it is beyond repair.
Flood damage. In the past, it has been reported that some vehicles that were in a flood zone are being offered for sale elsewhere.According to experts, these vehicles can be fixed and made to look in working order,
the problem is that having been in a flood zone they could have hidden damage that could cost you dearly in the future.
Fleet/ Fleet . This title is given to cars that are used as taxis, rentals,and by the police. A car that has been part of a fleet of cars may
have been subjected to frequent use and extreme situations.
Lemon. The car considered Lemon/lemon is one that is even being covered by the manufacturer’swarranty has not been successful in repairing despite countless attempts.
Unlike all of the above, a clean-titled vehicle is one that has not sustained any serious accident or flood damage,
had its odometer reset, stolen, or checked for serious defects in its manufacture.
To buy or not to buy a rebuilt car?
Cars with a rebuilt title are usually offered at a great price. Kind of like seeing is believing.
It may be the case that you want to buy a luxury car and your budget does not allow it,
and while you are looking for your next purchase you come across the car you have dreamed of and at an incredible price.
The first thing you should do is ask about the history of the car and the title,
because it could be a vehicle with a salvage or rebuilt title, depending on the state where it is being offered.
You may consider that it is advantageous to take advantage of that bargain, although it may happen that in the end,
it will be much more expensive due to the damage that could occur in the future,
or that when you decide to sell it the next buyer is not open-minded to the possibility of acquiring a car.
whose title is indicative that it suffered severe damage. What you can be sure of is
that a car dealer does not offer this type of car and that it will be difficult to obtain financing to buy it in case you need it.
These cars are typically offered 30 to 40 percent cheaper than a clean-titled car.
Now, if your heart is set on that bargain, it is recommended that you do the following:
Use the services of a certified mechanic to check it out and thus have greater certainty of
what you are acquiring so that you are not going to take risks when it comes to your safety and that of your loved ones.
When it comes to full coverage insurance, there are chances that an insurance agency will not approve full coverage for a rebuilt car.If you want full coverage, it is suggested that you first investigate if there is an insurance company that offers this service.