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. It says it has a “rebuilt car title”. What does that mean?
If a car has a “rebuilt” title, it means it has been in a car accident at some point in its life. There are two different types of titles that vehicles that have been in accidents can have. The first is a salvage title, and the other is a rebuilt title. The difference between the two is that a salvage vehicle hasn’t been repaired, or at least hasn’t been repaired enough to truly be roadworthy.
In order to get a title changed from salvage to rebuilt, 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.
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 before.
Want to get a fair quote for your rebuilt title car? Give us a call at 1-888-993-4420. We’ll make you an offer regardless of what condition your car is, and we’ll even tow it away for free! Fill out the form or call our car buyers today for more info!