Buying a Vehicle With a Rebuilt Title
Should I buy a car/truck/RV/bus with a rebuilt title?
Does buying a car with a rebuilt title make sense? Is it safe? The answer may be both yes and no. Please, read the information below carefully. We hope this information helps you decide if buying a rebuilt title car is an acceptable choice. Much depends on what your plans for that car are. If you already have one car and need another one, for example, to aid you with your business then go this way.
In certain cases, buying a rebuilt title car can be a way out when you need wheels urgently but cannot afford something for a higher price, or just the only way to buy your dream car. If you know your way around cars a rebuilt title car is a great way to get a luxury BMW or Lexus, which your could have never afforded otherwise. A rebuilt car is not always a bad choice and a waste of money. You just need to have the right expectations about it. There are a few things to remember when buying a car with a rebuilt title.
Plan your finances well when buying a rebuilt title
It's up to you how much you can spend on purchasing a car, where your get extra money if you have too little to buy what you want, etc. Just remember one thing when planning your finances: don't account on the money you could get from re-selling a rebuilt title car! Remember that a a rebuilt title car is not a good investment, it's not an investment at all. Be geared up to buy it for usage, not for re-selling. Treat the money you spend on that car as something that won't return, just be prepared for this. With such a mood, finding a buyer for you rebuilt car will be a very nice prize. However, you will most likely have to sell it with a large discount. There is also a chance that a junk yard will be its next (and last) home.
Don't Expect too Much
Even after decent repair jobs a rebuilt title car will not be the same as it was before the collision (or whatever caused to get salvaged). You will have problems with it. The problems may be minor, but you should be ready for them. Don't expect that a rebuilt car will function like new, be prepared to fix minor problems that come in the way for your own money.
Don't Rely on Seller's Tales
Remember that the seller is not your friend (unless he or she is actually your friend). The seller wants to sell that rebuilt title car at all costs and earn, not do your a favor. This means that you should be ready for any kind of deceit. It's the seller's job to be nice and friendly with you, don't swallow this. Be suspicious about any of the following:
- The seller doesn't know the history of the car or why it was salvaged
- The car changed many states and owners after it was salvaged, especially in a short period of time (you can learn it from the car history report).
TGet a Vehicle History Report
A Vehicle History Report is a must. Don't try to save on a car history report. Not just you finances but your and your family's safety depend on that report. If you know how to read and understand reports they can telly much more than you think!
Hire an Expert to Inspect and Test-Drive That Rebuilt Car
Hire an independent mechanic to inspect the rebuilt title car and test drive it together with you. This is also a must, although you will have to pay $100-200 or even more, depending on how and where you find the mechanic. It the vehicle's technical condition that makes the casting vote.
Don't Count on Extended Warranty
Getting an extended warranty for a rebuilt car is next to impossible. Even if you get it it won't cover most of the breakage, which will most likely be written in fine print if you read the contract carefully.
Avoid water damaged cars.
These can give a lot or bad surprises, although they may look really nice and cost little. Consider Non-Salvaged Alternatives If you have as little as $1500, you may have no other alternatives. However, if you have at least $5000 consider buying a non-salvaged used car of lower class, smaller size and engine capacity, or simpler specs. Most experts will say it a safer choice.
Search for Insurance Well Ahead
Insurance for rebuilt cars may be hard to find or rates may sky rocket. Always contact insurance companies and request quotes BEFORE you buy a rebuilt title car.
Be ready to put up with exterior flaws
Hail damaged rebuilt titles are among the best options and most reliable technically and the safest, especially if your are planning to drive in dry environment . Read here about hail damage rebuilts. In one sentence, if safety and durabilty are your #1 priorities that's your pick but bear in mind that giving it a 'perfect skin' may cost a fortune.