Does anyone have an opinion on buying a car with a rebuilt title if the price is right? and if so what are some pointers in doing so
Thinking of purchasing a 2013 Lincoln mkz for 18000-19000 just about fully loaded but has a rebuilt title
Find out how badly damaged the auto was or was it in water,or a mechanical problem. Not all totaled car are bad to buy. I have driven them for years. There are insurance adjusters that can not write a thorough estimate, and find it easier to say the repair exceeds the value of the vehicle.
thanks...I will keep that in mind
Turn around and run away, never buy a rebuilt, salvage or sheriff title. You never know what may happen down the road. I knew a guy that bought a rebuilt title vehicle and after he owned it fo over a year got stopped by a cop for expired plate and no brake lights, they ran the vin and it came back as stolen, fortunately he still had the paperwork from the purchase from the shop he bought it from so they didn't haul him in but it took over a month to get it fixed. He found out that some of the parts they has used to rebuild it were from a stolen vehicle that was bought by a wrecking yard and they failed to file the proper paperwork, then started selling parts from it. A total nightmare. Just say no.
In addition to all of the above, know that going into the purchase, you will have the car forever. If you decide to sell it in the future nobody will want it. You can trade it in but for much less than if it had a clean title. If this car is in the Northeastern United States be very careful. It could have been water damaged in Hurricane Sandy. NJ DMV had a link that you could run any vehicle identification number and see if it was a "Sandy Car". Not sure if it's still up, but check it out. Also, absolutely run a vehicle history report such as Carfax or vincheck. See what pops up. HTH. -Jim
I sell totaled cars ,after I have driven them for about 1 year, and have no problem selling them. I also tried trading in my car at a large dealer ship and they said they would accept salvage titles. Flood cars, non salt water, are repaired all the time. Salt water is BAD , and those vehicles should be destroyed. The point here is not about my cars but buying from a repairer that has the knowledge to repair them,honestly and correctly. Body shops buy and repair totaled cars. If your car sat outside ,a hail storm came along, the insurance co. totaled it. Should it be driven? If you hit a deer and the insurance co. totaled your car should it be repaired and driven? If you don't feel right buying a salvage car don't.
Thank you all for your responses they are very helpful
You're welcome. Glad to help. -Jim
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