Picture this: you’re browsing online for a used car. Page after page, nothing seems like the right fit for you. Then, you find it, the perfect car. It has all the features you could want and more! But, there’s one tiny detail in the listing that has you hesitating. The listing mentions the vehicle has a “rebuilt car title.” So, what is a rebuilt car title?
A rebuilt car title means the vehicle has had severe damage from a car accident or natural disaster at some point in its life. If you’ve got a rebuilt title car on your hands, there are a few things you’ll need to know. The first, the value of your car has decreased dramatically. Even if you’ve restored it to like-new conditions, future buyers will be incredibly wary of what the car went through before it was repaired. If you plan to keep the car, know that insurance coverage might not be as easy to come by, and it will likely be much more expensive than if your car did not have a rebuilt title.
What’s the Difference Between Rebuilt and Salvage Title?
There are two different types of titles that vehicles that have been in serious accidents can have. The first is a salvage title, and the other is a rebuilt title. The difference between rebuilt and salvage title is that a salvage title vehicle hasn’t been repaired, or at least hasn’t been repaired enough to be truly roadworthy safe.
In order to get your car changed from salvage title to rebuilt title vehicle, you’ll need to have the restored vehicle inspected by a state official. In Michigan, for example, you have to make an appointment with a State Trooper and pay a fee of $100 so they can make sure that all the parts are present and haven’t been stolen. Your best bet is to contact your local Department of Motor Vehicles or your Tax Accessor’s Office for your state’s guidelines.
Want to get a fair quote for your rebuilt car title vehicle? We’ll make you a cash offer regardless of what condition your car is, and we’ll even tow it away for free! Fill out the form on this page or call us today!