Are you looking to buy a car but on a tight budget? Have you been considering buying a rebuilt title car? Are you prepared for hidden damages that might be waiting for you to discover? The most obvious reason why people consider buying a rebuilt title is how relatively cheap it is compared to brand new or used cars.
Cars with rebuilt titles have once been extremely damaged that repairing it will cost more than what the car is worth. Many factors will deem a car a total loss. Other than a car crash, countless cars are salvaged due to flooding, hurricane damage, theft, and even vandalism.
A lot of drivers would be hesitant about purchasing a rebuilt title car, who won’t be right? I for one would not be too keen on buying a rebuilt title car. But just because it was salvaged, doesn’t mean that it’s a total lemon. All you need to do to boost your confidence when you buy a rebuilt title car is to be equipped with the right knowledge. Below are the five things you need to consider before buying a rebuilt title car.
- The Car’s History
Before investing your time and money in buying a car with a rebuilt title, you need to get more information about it first. Getting the vehicle identification number (VIN) to gather the car’s history report is a good way to start. In this manner, the mechanic that will inspect the rebuilt title car will have an easier time making sure that the car is in a drivable condition.
- The Repairs
Aside from knowing the car’s history, you should also look into a complete list of repairs done to the car. This can help the mechanic focus on the areas to inspect. A full inspection of a rebuilt title car will help determine whether or not the car may need additional maintenance. This is essential because you might be spending more on future repairs compared to what you paid for the rebuilt title car.
- Did The Car Passed The DMV Inspection
Before you enjoy your rebuilt title car on the road, make sure that it passed the DMV Inspection. One way to make sure that you get the DMV’s approval is to have the unit checked by a trusted mechanic. Several reliable mechanics will examine the car and determine how well the car has been repaired and how safe it is to drive. This is one of the crucial parts to pass the DMV’s inspection. You won’t be able to legally drive your rebuilt title car without the DMV’s approval. Each state has different requirements so don’t forget to research this in your state.
- The Damage It Has Incurred
Knowing the reason why it was salvaged and how it got its title, will give you confidence when you buy a rebuilt title car. Some cars are salvaged due to theft or vandalism and some are as heavy as being damaged by a flood or hurricane. You have to be careful in choosing a rebuilt title car especially if you’re looking to buy in a state where there have been flooding or any other natural phenomena.
- The Coverage You Can Get
Although it will be cheaper to buy a car with a rebuilt title, you’re going to have to settle on limited coverage. Most online car insurance providers will not offer coverage for cars with rebuilt titles but there are some insurance providers like Geico and Allstate, that may write policies for it but only up to liability coverage.
Just like buying any other necessities, it’s best to shop around first before settling in on an insurance provider. One of the best and most convenient ways to save on coverage is to look for cheap car insurance online.
There are countless risks to be considered when buying a car with a rebuilt title. Although you might be saving a lot of money, without proper knowledge of the car and full inspection from your trusted mechanic, you might be in for a shock.
When you’ve considered everything and have done proper research, don’t forget to have your car covered. There are insurance providers that will offer you cheap car insurance online, all you need to do is explore.
Car Insurance Advisor content is not written by a licensed insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for your situation