Title Status: Rebuilt

OxZed · 03-01-2019, 11:02 PM

Quote:

Originally Posted by Desert Rat

If you know the history and plan to keep the car a long time, it can be a good value, but here's things to consider:

Most insurance companies won't insure full coverage on them.
You can't get a loan against one to buy it
Its resale is horrible

Pricewise they should never be more than 50-60 cents on the dollar to KBB due to the factors listed above.

I don't know - I think some of these are myths; or, maybe it varies from state-to-state.

I've owned at-least 15 or so "rebuilt" titled vehicles & motorcycles that I've either repaired myself or purchased them already repaired ...

- I've always had full coverage on all w/ never a questioned asked
- I've financed three, there are banks that will. In fact, my wife currently drives a 2017 Chrysler Pacifica, decked out, that I got from Copart as a recovered theft w/ 4k miles on it - we financed it via LightStream.com
- I've never had trouble w/ resale. Now, if your talking a run of the mill Buick or something - yeah, resale might be an issue. In my experience though, with desirable vehicles with desirable options, there's always a market. Will you get full retail? No. But lose thousands? Only if the repair is obviously shoddy.

All my experiences of course, and I'm aware they vary.

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