Rebuilt Title Cars for Sale
Regardless of generally sour associations with the salvage history (not always justified), rebuilt title cars for sale can be a great deal. Below are a few tips that hopefully will help you catch a great deal on rebuilt title vehicles for sale.
Find out what caused salvaging
Firstly, not all rebuilt cars were actually damaged. Find out what exactly caused the car to get salvaged. For example, many salvage cars had sun-screens and audio-systems or wheels stolen, without any constructive or safety impairment. Such cars can be a great choice.
Which rebuilt salvage title cars for sale are the best?
The most simple answer is those that were salvaged due to anything but substantial damage (including accident, water, fire, etc). I owned 2 rebuilt cars, my current one is about 7 years old and I’m happy with it. When buying it, I had a similar option but 4 years younger at insignificantly higher price (a 1.5 year old car at that time). However, my choice was the older one. WHY? Because if you are buying a newer rebuilt title car, there is a big change that the damage was severe and affected functional parts and safety, as compared with the same rebuilt title car but a few years older. The insurance company passes “totaling sentence” upon the car based on estimated repair costs to its actual value ratio (typically, when the ratio exceeds 75%, depends on the state). For the insurer, the value of the car depends on the age (ACV or actual cash value), and the cost of repair works is approximately the same all the time because it comprises labor (which is really costly and always costs about the same) and parts. The older the damaged car, the smaller estimated repair costs should to be for to get a salvage title.
Learn to read, understand and analyze car history reports.
Sometimes, they may do you a great service and not just once. For example, a car with a clean title may show up a salvage title in its history, which magically disappeared when the car changed state. That’s not normal. The normal and legal thing is getting a rebuilt title after being reconstructed. However, the brand should remain forever (ideally). Also, note that vehicle history reports show up not just critical problems, like salvage title, odometer scam, etc, but just the facts that in the opinion of the provider need your attention, such as registration on storm area or fleet use. Carfax, in particular, will position such data as a warning. For example, if the vehicle has been registered in New Orleans, the report will through up a warning flag about storm area registration and flood damage hazard. This, however, doesn’t mean that the car was water damaged, it just was registered there. But the warning may actually scare potential buyers away and the vehicle may sit at the dealership for months waiting for the new owner. A vehicle with such “warnings” in the history can be a great deal. Just think a little, analyze and negotiate. However, a vehicle that changed a “storm area” state immediately after a natural disaster is also a warning sign. It could be uninsured and the owner is trying to get rid of “sunk junk”.
Inspection Is the Last Vote
Needless to say, rebuilt title cars for sale be inspected by a trusted mechanic. Hire one if none of your friends are mechanics. Even if the mechanic is your friend or good acquaintance, don’t grudge and reward him with $100 for this efforts. Maybe he could have spent that time with his family and is really doing you a big favor (then he may need the money to buy an apologize gift for this wife). Don’t let him think about getting done with inspection as soon as possible. You want the inspection to be done as thoroughly as possible.
Shop around for insurance BEFORE you buy of even have that rebuilt car inspected.
I wrote it on other pages, but, again - shop around for insurance in advance - this is FREE and takes just a few minutes of your time to make a call or submit an online request. People buy rebuilt title cars because of the low price, but insurance may devour all your gained from buying the car really cheap. Make a list of a few rebuilt title cars for sale and get insurance quotes for all of them, and then compare which one is really the most advantageous. Only after that you hire the mechanic to inspect the rebuilt title vehicles for sale you like (financially as well).
Don't run rusks. Run VIN check - discover what you weren't told about that rebuilt vehicle!