what does rebuilt title mean?
TLDR: A rebuilt title indicates a vehicle that was previously declared a total loss but has been repaired and passed a state inspection, allowing it to be legally driven. While it can offer significant cost savings, it also presents challenges such as insurance difficulties and potential hidden issues.
A rebuilt title is assigned to vehicles that were once deemed a total loss and received a salvage title but have since been repaired and restored to a roadworthy condition. To transition from a salvage to a rebuilt title, the vehicle must pass a state inspection, ensuring it meets safety standards. This title differs from a salvage title, which indicates that the vehicle is not legally drivable until extensive repairs are made. Buyers should be aware that the vehicle's history as a salvage vehicle must be disclosed.
Purchasing a vehicle with a rebuilt title can lead to significant cost savings, often up to 50% less than similar vehicles with clean titles. However, potential buyers should consider the risks, including challenges in obtaining insurance, possible hidden issues from repairs, and lower resale value. It is essential to conduct thorough research, obtain a detailed vehicle history report, and have the vehicle inspected by a trusted mechanic to make an informed decision.
See More
- CarInsurance.com. Rebuilt Title
- Bankrate. Rebuilt vs. Salvage Title
- GoodCar. Rebuilt vs. Salvage Title
- Vittana. 15 Pros and Cons of Buying a Car with a Rebuilt Title
- autoDNA. Rebuilt Title Meaning
- Autotrader. What Is a Rebuilt Title?
- ConsumerCoverage. Rebuilt Titles Vs. Salvage Titles: Key Takeaways
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