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The information on this site does not modify any insurance policy terms in any way. When shopping for a used vehicle, you might come across one with a rebuilt or salvage title. This normally happens when an insurance company writes off the vehicle as unrepairable. Some of the most common reasons why a car might have a salvage title are accidents, weather especially flood damage or the car was stolen.
Vehicles given a salvage title may not be safe to drive due to the danger posed because of its extensive damage. When a car with a salvage title has been repaired, it can receive a rebuilt title.
This notifies the buyer of the previous history of the vehicle. To receive a rebuilt title, the vehicle must pass a series of tests to ensure it is safe to drive in some states. After being presented with a salvage title, you cannot drive, sell or register the vehicle until it has been repaired. At this point, the salvage vehicle is typically sold by the insurer to a third party interested in repairing the vehicle or breaking it down for parts. By giving the repaired vehicle a rebuilt title, this provides the buyer more information about its history.
A vehicle having a rebuilt title will likely have a lower market value because it underwent significant damage. This depends on your situation. On the one hand, it could be a good deal to buy a car with this title. In some states, vehicles must pass rigorous inspections to receive a rebuilt title. And because the vehicle had a salvage title at one point, the resale value could be much less.
This means you could save significantly. That said, there could be some drawbacks. Just because it passed state inspection does not mean the car is guaranteed to be safe for the long haul. Additionally, it could be difficult to get insurance coverage for your vehicle. And circling back to value, while you might get a good deal to buy it, if you plan to sell it at some point, you probably will not get nearly as much as you would with a vehicle with a clean title.
A vehicle with a rebuilt title may even be harder to sell compared to one with a clean title. Buyers could be wary of rebuilt titles because this usually means that the car has been in a bad accident or even totaled in the past. Potential buyers looking to invest their money into a vehicle can be wary of rebuilt titles because of any issues that may emerge from past accidents. There are many different types of titles that can mean different things, and the definitions can vary by state.
For example, in California, a junk title indicates the vehicle has been dismantled by an individual or dismantler. It may be difficult to know how to tell whether a car has been issued a title brand or junk title in the past. Typically, a salvage title means that the car has been deemed a total loss and is no longer safe to drive. When an insurance company declares a vehicle as a total loss, the state motor vehicle agency handles the process of salvage title, and the process varies by state.
If a salvage title is issued, you may not be able to legally drive the car in your state. If you sell the car for scraps and parts, you may be able to make some money. Some states have rebuilt titles, indicating the car used to have a salvage title but has since been rebuilt. For example, in Wisconsin a car with salvage title can become rebuilt salvage after passing a state salvage inspection.
This will help flag obvious problems, and the mechanic may be able to give you insight into other expenses you may face down the road. Finally, check with your insurance company before you buy a car with a rebuilt title.
It can be difficult to find an insurance company willing to insure a car with a rebuilt title. Image: Two women sitting together on a couch, looking at a tablet and talking.
In a Nutshell The difference between a rebuilt and salvage title depends on whether a previously damaged car is safe to drive again.
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