Rebuilt title

[Z06killinsbf]

What the deal with rebuilt titles? I've been looking at cars off and on and all the "good deals" seem to have a rebuilt title. Is this something to steer clear of? Anyone have experience? And yes I did my research prior to this...

[Vertnut]

Just a big red flag. Some say it cuts the book value in about half.

[talisman]

Just depends on why it was rebuilt. If it was theft recovery, that isn't that big a deal. If it was flood damaged, I'd steer clear.

[03mustangdude]

Just depends on why it was rebuilt. If it was theft recovery, that isn't that big a deal. If it was flood damaged, I'd steer clear.

exactly but if you ever trade it in to dealer expect half value for individuals expect 20-30% off clean title cost.

most insurances wont give you full coverage for salvage vehicles so if your financing that will stop your bank right there.

[JC316]

The big question is why it was salvaged in the first place. Fire and flood are the ones that you absolutely stay away from. Theft recovery and wrecks aren't such a big deal if repaired properly.

Knocks 20-30% off the value of the car.

[Hobie]

most insurances wont give you full coverage for salvage vehicles so if your financing that will stop your bank right there.

Rebuilt is what you get after salvage. In my experience salvage is good for liability only. You get it inspected with a green sheet like an out of state vehicle, register it, and get a rebuilt title. Then you can insure it like a normal vehicle once it has a rebuilt title. Never had a problem myself.

Good rule of thumb is rebuilt titles are worth approximately 65% of book of a clean titled vehicle in similar condition.

I would stay away from them unless you're really familiar with whatever type of vehicle you're looking at and you know how to spot "hidden" issues.

[Hobie]

If it's a Viper they often have rebuilt titles, nearly any collision with a Viper that's a few years old will result in a total loss. Chances are the collision wasn't bad and I wouldn't be too worried about it. Just check it out thoroughly.

[sspstang]

Just a big red flag. Some say it cuts the book value in about half.

This sums it up.

[War Machine]

Don't waste your money

[thesource]

The big question is why it was salvaged in the first place. Fire and flood are the ones that you absolutely stay away from. Theft recovery and wrecks aren't such a big deal if repaired properly.

Knocks 20-30% off the value of the car.

Typically its closer to 40-50% and most banks won't touch them on financing.

[talisman]

I got full coverage on a reconditioned title vehicle. Which I then cart wheeled and totaled out. lol

[Vertnut]

I got full coverage on a reconditioned title vehicle. Which I then cart wheeled and totaled out. lol

Well at least you were covered! LOL!

[talisman]

Well at least you were covered! LOL!

And they gave me 2 grand more than I had paid for it over a year earlier. I still would have rather not done that, however...

[Whiteboy]

My 03 cobra was rebuilt title 1/4 panel was hit. Car was mint sold it for $20k
and i had full covrage insurance.

[JC316]

Typically its closer to 40-50% and most banks won't touch them on financing.

Depends on the car, but not so much anymore. When I was still dealing cars, most people didn't give two shits about the rebuilt, as long as it was cheaper. Again though, I was dealing in cheap cars, nothing new. Still, you are out of your mind if you think you can find a cobra, or a corvette for 50% off because of a rebuilt title.