What is a rebuilt title – Everything you need to know about a rebuilt title
If you’re interested in buying a car, you may have heard of those that have a rebuilt title. Later you will read everything you need to know about this title and how much it influences the capacity and operation of the vehicle.
Keep reading and find out what this title is, what you should know before buying a car under this title, the benefits, and cons that you would get from this purchase, and much more.
Title rebuilt what is it?
Also known as a rebuilt title, it is a title issued to any vehicle that has been in a serious accident or severely damaged and has since been restored. When the vehicle is repaired, it is assigned this title so that buyers know that it is already a safe motor vehicle and is in good condition.
This title is evidently granted after the vehicle has received the salvage title.
Difference between a salvage and rebuilt title
Once the vehicle has been in an accident and the insurance company considers it a total loss due to the damage, the clean title is replaced by the salvage title.
Through this title, buyers can be aware that said car has been in an accident and would not be safe to drive.
When salvage vehicles are repaired, they receive the rebuilt title. The usual thing is that they receive this title after being inspected by the state or jurisdiction that is in charge of issuing these titles.
What should I know before I buy a car with a rebuilt title?
Before you decide to buy a rebuilt vehicle, you need to check with your insurer if it accepts this type of vehicle in its policies. There are some agencies that do not accept vehicles with this title.
There are other agencies that offer an insurance policy, but it is not complete, so it is only for liability. This is so because it is difficult to determine what the value of a rebuilt car is.
Other considerations that you should take before acquiring a car with a rebuilt title are the following:
Ask for receipts for repairs
If the current owner of the vehicle is the one who has been responsible for the repairs, it is wisest to ask for receipts for the repairs performed. This is the easiest way to know if the entire job was really done.
It is also a way for you to know if the parts that were used were of quality and information about the technician who did the work.
Find out where the repairs were made.
It is imperative that the repairs have been done at a reputable place, so ask where they were done and compare them to the name shown on the bills.
Is there engine damage?
There are usually some parts of the vehicle that are ignored when making repairs because they are the most expensive, but the frame and transmission of the engine are essential parts.
Ask if these parts were affected by the accident, this is a detail to consider before buying a vehicle or repairing it.
Is the car insured as a brand title?
Ask the owner of the vehicle can be insured and if he was able to insure it. If they have not yet done so, the most appropriate thing to do is to request that they insure it.
Benefits of a Rebuilt Titled Car
Since you have read what you should take into account before buying a vehicle, perhaps you are hesitating to finalize the deal. However, read below the benefits you would get from it:
Affordable prices
One of the advantages and why some decide to acquire this type of vehicle is that they are sold at more affordable prices than used cars with a clean title.
With this purchase, you would be spending much less and the prices are usually even 20% or 25% lower than their original cost.
Having a rebuilt title, the car was inspected
It is understandable that you have doubts about acquiring a repaired car since they are usually considered useless. However, to receive the rebuilt title it was thoroughly inspected and had to pass this inspection.
You can request the documentation of the car
After the repair, you can get all the documentation regarding the used parts, the labor that was needed to make the car work again, and the place where it was done.
By means of this documentation, you will be able to obtain the notion of if the repair was carried out in an authorized installation or if something was missing to be rebuilt.
The history of the vehicle can be verified at the DMV
Even if the owner is reluctant to give you the documentation mentioned above, you can go to the Department of Motor Vehicles and obtain information about the repair carried out.