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

101,735

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

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78,375

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

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78,375

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

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56,835

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

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280

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

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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

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