I'm trying to buy a car but dont know much about cars.
There is a 2008 Toyota Prius 73k with rebuilt title for
And Toyota Corolla S 2009 90k clean title for $8000
Which one do you think is better?
Stay away from anything with a rebuilt or salvage title, none of then I have ever seen were certified as road worthy. so the Toyota is between 7300 to 10K, so it is right in the ball park price wise. So there is only one choice, the Corolla.
forget the Prius- the Corolla should last for years if it has been maintained-
Im with Tennisshoes on this one, never know what you are getting, also, you could have trouble insuring a salvage title vehicle. some insurers will only put liability on them. also, if you have to finance a car, it must have full coverage insurance.
Toyota Prius, 2000-2016 dealers can't give these away! complete DISASTER!
I would say you should go with rebuilt car number one the car is recertified by state inspector, 2 it's way cheaper than clean title 90% insurance companies insured the rebuilt title cars. If you are spending 8k on 2010 clean title you can get 2012 with rebuilt with same amount of money with less miles. You will still get your money back when you sell it.
btwautos, while a rebuilt car is inspected for safety, it is not inspected for reliability. It is by definition, rebuilt. The parts used may be older, have more miles on them, thus having less usable life span. A rebuilt title car can be insured with full coverage insurance, by SOME companies. Also, the value of the car is difficult to determine so the company that insures it may only base a claim on 80% of the value that they believe the car to hold. Also, some banks will not loan on a rebuilt title car. All of these things together make buying a rebuilt title car a shaky investment at best. If you determined to buy a car with a rebuilt title just to save some money on the front end of the deal, then make it a very cheap one that you can pay cash for and just insure it for liability. As the gang above suggested, just say no.
Mike: whatever you saying about rebuilt is 50% right however any insurance cover rebuilt 98% of the value of the car they do not put on hold 100% guarantee. Also you are talking about the banks as I said 90% bank finance the rebuilt title cars now a days but rebuilt car buyers always prefer to buy the car cash because they are saving big chunk of money. Now you talk about parts and possibility of having used parts in the car if you are buying a car with less miles and less older its as good as clean title, rebuilt is not bad at all if you get good deal. But again it's your money Katie look for best deal inspect the car throughly buy less miles car with actual miles and don't buy too old. Don't be scare you are safe. If there would be that many problem the government will not allow to sell rebuilt cars at all infact government certify 90% cars every month in the market and they get sold. Good luck
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