Is it safe to go for a used car that has title status as 'Rebuilt'. What else could I possibly lose apart from its resale value ?

Asked by Aug 16, 2014 at 05:44 PM

Question type: Shopping & Pricing

6 Answers

109,965

Why was it rebuilt? Was there frame or water damage? I steer clear of these types of titles.

2 of 2 people found this helpful.
92,735

Yep salvage, rebuilt, even assembled titles, run away fast

2 of 2 people found this helpful.
92,735

As far as some else to loose, it could be your life if it fails driving down the highway.

1 of 1 people found this helpful.
65,975

If it's an older model it may have been involved in a minor fender bender. Insurance companies generally don't like fixing cars that are over 10 years old. So they total them. Especially if it's not a real popular car. Basically if the cost to fix it exceeds it's current market value it's totaled. For say a 1994 Ford Escort that may mean a $500 repair. Like a hood and front bumper. But on say a 2012 BMW it'd probably be smashed to smitherines before it'd be totaled. Be careful! Personally I wouldn't buy it. The money you save on the purchase can easily be spent on repairs once you start driving it. Run a vehicle history report like carfax and see what comes up. HTH. -Jim

1 of 1 people found this helpful.
300

All of these answers are correct ...but as Jim says ...it is the insurance companies that write them off. Repair shops look at insurance repair as a meal ticket & often rip them off. I bought a wrote off Jaguar XK8 for the convertible top & rear window ...which was in mint condition. However; the front end damage was superficial ...but when an upper & lower control arm is over $1,000. after taxes ...& there are 4 of them ...it is easy to understand the repair verses replace issue for an insurance company. Also consider the rental replacement vehicle price that some policies cover! I put this Jag back on the road & drove it for over a year ...keeping the mileage down on my other XK8 ...it was perfectly safe with minor front end damage & sold it later for a small profit. there are many convoluted situations to consider when buying rebuilt titles ...research is wise ...but in my opinion ...one can catch a deal. Always consider your personal safety first however. ...JJHXK8

2 of 2 people found this helpful.
35

Just bought a 2009 Chevy with a rebuilt title the reason it was branded was because the insurance company paid a theft claim the car had zero damage and looks and drives like new.I paid less than 40% of its current value.So you need to check the facts before you buy

2 of 2 people found this helpful.

Your Answer

Add photo

Related Questions

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Shortcuts

Search Shopping & Pricing Questions

Shopping & Pricing Experts

#1 Tom Demyan
Tom Demyan
Reputation 15,080
#2 COMETGUY61
COMETGUY61
Reputation 5,440
#3 F_O_R
F_O_R
Reputation 5,040
View All

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.