Is it Safe to Buy a vehicle with Salvage or Rebuilt Title - Flying Wheels
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- čas přidán 22. 12. 2021
- What is a Salvage Rebuilt Reconstructed title and Are they safe to buy?
Vehicles with Salvage Reconstructed Rebuilt Recovered theft Lemon Flood Titles what does it all mean?
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I bought a 2011 Jeep GC Overland in 2013 with Reconstruct title - 11k miles...for 8K less than a used one. Sitting in my driveway now with 190K miles.....love it!!!!
Cheaper vehicle salvaged & REBUILDER
Iaa auction orcopart
Iaa auction orcopart
All depends who did the rebuild
Good on you!
The worst part of the rebuilt cars is that most banks won't loan on those vehicles. That makes them hard to sell.
Hey Craig i wish more dealers were like you,the fact that you're straight up front and honest is why you've made it so far in life and with your dealership.
All I do is sell salvage, rebuilt and a few clean titles. I swear you'd be surprised how many clear title vehicles have more damage than a salvage brand. Not all clean titles are CLEAN titles.
👍
true man went to look at a 2012 bmw 335i "clean title" it had 5 accidents on the carfax overspray on headlights just a POS not serviced oil and coolant leaks. going to look at a salvage m3 tomorrow that looks alot better
@@startingtech3900 good luck! Hopefully the body shop that repaired it. Didn't cut too many corners.
@@Steven-sk6vm they didnt it was a guy who repaired the bodywork himself and sent a sample to the painter for exact match, but the e92 m3 gets like 13mpg. gas is 5.50 here in ca thats a real issue. went to look at a 2011 335i n55 turbo it gets 22 mpgs and runs soooo much better and lighter, currently going to buy that clean title. only thing is it has a small rattle at what i belive is the wastegate only at idle so i am gonna see how much to repAIR since its perfect, white over coral red leather
True. My car doesn't show any accidents on car fax or anywhere and I found out the passenger side door has been repainted and a few other things.
3 loose wires are so you can connect aftermarket led lights/accessories and connect them to the aux ports switches for raptors which are located by the rear view mirrors. i had the same question when i bought my raptor too lol
Wow! Amazing. Thanks a lot!
I was thinking the same thing. Bet it had some aftermarket lights on the bumper that got removed when the bumper was replaced.
Was hoping to see a comment like this if I did I was going to. My brother in law had the same wires on his raptor when he had it.
Also camera needs to be calibrated in oasis
I bought a Chevy K3500 that was an insurance write off because it slid sideways on some ice and hit a pole. It left a dent on the side of the bed. Bought it for $800. That was about 4 years ago, I use it to tow from the auction to the shop. Not a bad price for a 4X4 one ton diesel. Never did fix the dent.
Nice buy buddy.
You can easily always get ur money back too, so its a def win lol.
The answer to the question in the title is ... Maybe. I've been rebuilding insurance wrecks/salvage cars for 30 years and I've seen all sorts of "rebuilds" from excellent professional level rebuilds to shit screwed together with sheetrock screws and packed with Bondo. It typically depends on who does the rebuild and why. I typically buy late model, higher end, low mileage salvage cars and invest anywhere between $1000 to $10,000 in parts and 3 weeks to 3 months of labor. My goal is having invested less cash than 50% of what it would cost me to walk into a dealer lot and buy the same car as a clean title used car. When buying a rebuilt/reconstructed title car (or any other used car for that matter) it really is "buyer beware". If the buyer is not comfortable inspecting the car themselves they should take it to a mechanic or body shop for a thorough inspection.
Great advice. Thanks.
The big problem with salvage/bad titles is that established credit unions won't touch them. It's usually written into the sales contract, too, that they will not loan on them. This forces the buyer to fall back on in-house financing, which often has enough strings to tie quite a knot, at lousy interest rates, around our necks.
Texas doesn't give two craps. I bought a car that drove perfectly from auction with salvage history. I just wrote N/A on the form for replaced or repaired parts. It passed emissions and I was good to go. The only issue I ran into was Nationwide wouldn't insure it but Geico would so you might have to shop around for insurance.
Texas is the best
Did it impact the rate?
Straight and to the point, and it didnt seem like it was 20 min video. Thank you for taking your time to make it and share it.
Great video! I got a Honda del sol with a rebuilt title in a trade a few years back. I had torn it apart, engine swapped it, and converted it to a manual and honestly found nothing other than a bumper replaced and a macco paint job. It was a great car and gave me no issues. Whereas I had an BMW E46 with a clean title that had hidden unibody damage. No accident on record and could not see it without removing the fender. It ate through tires. I could never get it aligned properly because the strut tower was bent a little out of place. No one should be scared away by a rebuilt car if you do your research beforehand. From my experience there are probably way more “clean” cars out there to stay away from.
I really enjoyed your explanation. From a buyers perspective, you will own the vehicle until it's no longer operational. It is very difficult to sell it on the used market and the majority of dealerships won't come near it. So, if you're planning on owning the vehicle for a long time, it's a great deal!
Awesome video Craig super informative.
My wife's 2020 Honda Civic Sport was cashed with 3 miles on it, The Car was never even titled, We bought that Car almost a Year ago now has 16,000 miles on it, We also only paid $16,000 For the Car because it was Wrecked and repaired When I Googled the Vin# It showed the front end damaged, Two airbags deployed. Love this Car.
Great buy Raymond..sometimes in life we do win....
Good video thanks for the information! I am I’ve always wondered about that.
Your hood ground isn't connected:10:38. Those stickers under the hood, you can order those from the dealer or online reproduced. No way they salvaged that truck for minor damage. Airbag, module, seatbelt pretensioners aren't a ton of money in comparison to a 70k truck.
Michigan reconstructed title is a joke. They have a spot where any mechanic can sign off on it saying the car is fixed with "workmanship standards". Then you take it to a police officer that specializes in the process. You bring them all the receipts of parts purchased and a sheet that said what was done. They are just looking for stolen parts, check the hidden vin numbers on the car and send you on your way. Then you apply for the rebuilt title.
The est repair cost on the insurance auction is 36k in California
It's really up to the insurance company if they want to total a vehicle. If they think the frame was damaged they will total it. In today's market because of supply shortage issues with non available parts insurance companies are totaling out easily repairable vehicles. Even Hoovie did a video last year or back last Winter on a wrecked Jeep Rubican that could have been fixed but the insurance company totaled the Jeep and the owner (not Hoovie ) bought a Hyundai SUV.
In Arkansas nobody inspects a Salvage/Rebuilt titled cars. We can literally go from the insurance auction to the DMV and have the car registered in the same condition.
Fun fact, South Carolina you don't have to have a reconstructed title to register or insure it. Salvage title is fine for them.
Hey Craig. The algorithm did me right recommending your channel. Setting the bar way high for similar channels and I love it. I don't always agree with the cars that make you smile, but it comes through strong that you're a stand-up cat and I appreciate your grind. God bless you brother.
I appreciate this comment. Thx!
Excellent video, thanks, Merry Christmas
The camera malfunction is related to the camera at the top of the windshield. It needs to be recalibrated.
Maybe one day he will figure that out
State to state, "salvage" branding requirements change. I'm in Missouri and here, just because the insurance company paid out on it and took possession, it does not automatically deem it salvage. We have a "total loss" option which means it was wrecked and paid out on, but for whatever reason, was not fully "salvaged". So as I said, State to state it must be different.
It definitely varies state to state especially the inspection to get it rebuilt some states are virtually impossible and it makes no sense some states barely even inspect the damn things and they’re rolling death traps but they pass inspection it all Varies
Yep. States are all different in this regard.
INSTANT SUBSCRIBED! Thanks for the invaluable video, Craig! I learned alot!
YES my wife & kids drive salvage, rebuilt, reconstructed title vehicles. I personally buy them wrecked usually from salvage auctions, then have them repaired myself. In the end we have a 3-4yr old newer family SUV that's paid for at roughly 60% of Private KBB value. Rinse n repeat every 18-24mos
Is it hard to get insurance?? That’s what I’m trying to figure out
Are the insurance rates high or are they not that bad?
The insurance rates have nothing to do with the title status. If you're uncertain, find a salvage title vehicle for sale and get an insurance quote on it.
you are the man with the knowledge thank you very much I understand how the vehicle status works keep on showing them videos
Hello Craig. Have Merry Christmas to you and your family. Enjoy watching your videos. Keep up the good work. Greeting from Venezuela!!!🎄🥂🎅⛪🎁
Best video in a long time, outstanding information, thank you. How does that heavy truck drive with the dual turbo 6-banger EcoBoost?
Stay away from flood damage and anything that had the airbags blown up will never be the same period that truck had the drive side Air bags blown too that's why the seat looks funky
That’s bs. If the car is rebuilt correctly, it should be as good as when it came off the factory.
@@dizk5283 I agree as long as it was repaired correctly and bags seatbelts and modules are done right . For some reason alot of times the seatbelts are not done . Craig's raptor from the video and pictures looks to have been done well .
I came across this video because I am from Massachusetts and there is a jeep XJ for sale at a dealership for 2500 bucks because it has what they said was a salvage title. Turns out that it's not a salvage title but a rebuilt title, but it's advertised as having a salvage title. I thought I would have to jump through all the hoops but now I know (thanks to you) that I can just buy the thing and have it registered.
Great video Craig. I am working on getting a rebuilt title on my 92 Mercedes 500sl. I was rear ended and of course the insurance totaled it because of age. The damage isn't that bad, so I'm doing the repairs myself. The TX DMV just sent me the salvage title, now I just need to get it inspected so my local tax office can get me a rebuilt title. I inherited the car so it will never be sold outside our family so the the title designation doesn't matter. Thanks for the in depth explanation. OH....I would love to buy that Raptor at that price but waaay out of my budget.
The problem I ran into with a salvage title was the insurance company would not cover collision on the vehicle so if I wrecked it they wouldn't pay to fix it. This is in NC.
Useful info
Craig...spot on. Honesty is always best bet. I am a x insurance adjuster..always reinspect the vehicle.,.second opinion....a shop may make just enough repairs to get it sold.
Honesty is the best policy - agree Craig. Interesting story about that Ford Raptor it probably sold quickly too.
Front camera is the ADAS camera in the windscreen. That's used for lane keep and other auto driving functions. The front parking camera is different. Usually the Adas camera needs recalibration if stuff has been repaired
1st time viewer. Your video was awesome. I just look at a re-constructed/salvage vehicle did my homework but walk away from the deal.
i've been seeing rebuilt title cars going for the same if not more than clean title cars of the same year by both dealers and private sellers. this is an 'interesting' time to need a car.
Vehicle pretty helpful, you answered me a little about a Porsche Boxster I picked up. It is finally back together and I sent off paperwork to the Dmv. Waiting to hear back from their "special agents/inspectors to schedule that".
I could have had a rebuilt title in cali but when I switched to NH it “washed” the title clean meaning someone didn’t check the rebuilt section. Here in Wisconsin they don’t have to put stickers in the door frame. We buy reconstructed trucks every time because they are way cheaper.
Craig! You’ve got that “Secret Recipe” buddy!! I’m completely addicted to ur channel and haven’t missed a video in over a year when I subscribed. Merry Christmas 🎁🎄 All love 👍
Mike..I watch every one of Craig's videos also..I just retired and it really makes me want to buy and sell some cars...looks like an adventure..have a very Merry Christmas and hope 2022 is blessed for you and those you love
@@mikeserrano3813 Mike, Merry Christmas to you too! Super nice of you!! 🎁🎄 I’m 46 and just retired too. I have been thinking about starting a small business and I love cars so maybe that’s something I should explore in 2022….. Stay safe and healthy my friend!! 🙏👍
Glad I don't live in New Hampshire because I've bought many cars at auctions that have a salvage title and sometimes if i don't want to repair it immediately but I want to start driving it, I can take my salvaged title that was given to me from the auction and go straight to the dmv and get it registered. All I need to do is get a safety and emission and that's it and pretty much all they check for me is the vin to make sure it matches with the title and all the lights to make sure they work and that's all to get the safety. They don't even check lights on the lights like ABS, Check Engine, Air bag light, etc!
Good information I wouldn't know the difference thank you
Excellent video!
The three loose wires are for the upfitter switches, prior owner most likely had off road lights on it.
My 16 Mustang GT was a total loss 5 years ago, but because the damage was less than 75% in Texas and I kept the car, it still has a clean title. But it does show the total loss on the Carfax, so any trade in valuations reflect it as a salvage vehicle. I got an offer of about $10,000 from CarMax and Carvana, while a regular car would be $25k or so. Needless to say, I won't be selling it anytime soon. I did save about $15k rebuilding it vs buying a comparable 1 yr old car.
I'm so glad Greg mentioned bad auto repair shops. I watch vechor youtube channel and Scott will buy donor vehicles to make repair to the repaired vehicle. Anyway on Chevy Truck he did had previous body damage. He talked about a bad body shop in California that will make crappy repairs to cut cost. He showed I think a crushed rear part that was badly welded and the truck was repaired at that shop. Or it could have been a different truck. I recommend watching his videos that will show you what a true rebuilt vehicle will be like from start to finish. Also Greg didn't mention it and I'm shocked that he didn't bring it up because this a good way to tell if auto rebuilder did quality work in the interior as well is by checking the seatbelts and airbags. Scott also talks about that on one of his videos. If the seat belts are locked up from an accident and side air bags are not replaced or seats have new stitching from where the air bags should be and of the air bags warning lights come on definitely avoid that vehicle at all cost. It will tell you right off the bat corners cut and repairs were done half assed. Seatbelts that are locked up has to be sent out and rebuilt along with getting new airbags. This person could put in a new airbags for the steering wheel buy just cut out the side airbags from trim panels and if you don't have that inspected you won't know if new airbags were installed or not.
One other thing Scott mentions in one of his videos that Greg did not is you have to ask if your insurance company if they will cover your branded title vehicle. They also will do a title check and not all insurance companies will cover a salvage or rebuilt title vehicle. So you could end having to change your auto insurance company.
I’m afraid of them. Me being a body guy. I’m only buying from people I know. I have seen so much spray foam. In rust holes then just bondo and paint. Cave and pave
Just commented on a different post but thanks to this figured out where you guys were located. Might just have to go take a look there
It's a PIA in missouri to get a salvage vehicle inspected after you get it fixed
Great info, especially the fact that most banks won't touch them.
Gracias por la informacion!!!!😁😁
Had a 97 ram 1500 a guy drove into the back of. The insurance adjuster made it a total loss because of the back bumper being wrecked (the only thing that was bent) and was offered for them to buy the truck for 3k or keep the truck and take 1500. I took the 1500 and bought a bumper from a junkyard for 130 and walked away with 1200
Great info here that clears things up a lot for me.
Atleast you are selling at a “r title” value.
Seems everyone else is trying to sell Branded title vehicles for retail right now like they have gold.
The tree wires are for the three auxiliary switches in the overhead console. Those are called upfitter switches. They are used for lights and shit like that.
When My Lancer Ralliart Got totaled by flood in NJ. the insurance company just ask for a photo of the tittle (I bough the car back) and they marked in the carfax it has flooded damage by the tittle still shows it's clean
It's different in many other states. Her his Washington the title stays as "salvage".
Craig, it’s possible those wires that were just laying there by that harness in the engine bay could be for the upfitter switches.
You're right
This is definitely an option for someone who wants a vehicle for a lower price but mainly focused on keeping it long term or run it to the ground.
CT rebuilt titles have to be re inspected in mass i’ve herd couple other states don’t work with mass to
You just need a Adas calibration on the front view camera. It's a dynamic calibration. Needs to be put in learn mode and driven until complete. But you will need a real scan tool or ford Moco oem tool. Those loose wires are for the up fitter switches inside the truck. Just pre wired
You can buy the decals for under the hood from the dealership about 10 bucks each
Yep, n i absolutely would if i was him, it'll take ur eye immediately off the fact it was resprayed.
Just curious on what you think of the Audi Q5 model ?
That camera error is probably because the front camera(s) have not been re-calibrated for lane departure after they because misaligned due to a front-end collision. Most of the time, only the the dealer has the equipment needed for that an it's not cheap ($800 or more). Great video :)
Great i information
Craig the 2021 jeep wrangling was 10,000 cheaper but u said it had lose parts and a bent frame ! In that case it that wasn’t worth it was it. So some cases are good some a nightmare
90% of the cars I purchase are salvage, which I then convert to rebuilt, and lately I’ve been extra careful with purchasing “clean” title cars at auctions here in Texas because our “value-to-repair” percentage cost is different here compared to other States, let’s say Michigan for example. It could leave Texas “clean” and Michigan issues a “Salvage or Rebuilt” title. I have to make it extra EXTRA clear to the customer that the car has been in an accident, repaired, and registered as required by law.
Enjoyed the video, keep them coming!
Very true I live in Michigan 😂
Should’ve subscribed and liked sooner. Two years ago came across the channel probably got me out of several jams And I haven’t provided you any value to you. so here you go brother. you the man you always provide TRUE value!!! No B. S.
TRUST WHAT HE TELLS
Definitely subscribe sooner and like more.don’t be like me
Amo tu canal, i love your Chanel
I have had a few budget cars with branded titles. No issues at all. My current car has a branded title and its great. One thing to look out for is if your insurance company will insure it. I have had an insurance company refuse to insure a car with a branded title.
Question.. what do you do when you have a "Stolen/Vandalism Title" where the VIN has been scratched out? How hard is it to get a new VIN or getting the VIN restored?
Too often the title branded vehicles I see for sale do not have any pictures of the damage, so it is hard to know how bad the damage was. With photos showing cosmetic only damage with no frame of drive-train issues I would be willing, for the right price.
The best auto rebuilders will use a donor car. Cut out the major bent up body parts and weld in parts from a a donor car. To tell a bad repair from a good one is you use a paint meter and a magnet. The magnet. will tell you of and how much bondo filler was used. The paint meter will tell you where and what parts were repainted. Like Greg said you also need to a have an competeinspection.
Great video
Auto body tech here. There is no way the damage you described would total a $70,000 truck. You can bet it needed a complete frame replacement at the very least. Hacks will buy a total like this and patch it together for a quick buck. I would never buy a late model rebuild because they are almost never repaired properly using OEM procedures. Older cheap cars can be a good rebuilt buy since just a minor accident will total them. Usually they can be repaired with cheap bolt on parts and will be safe to drive.
Just remember, it doesn’t have to be 70k in damage. Most insurance companies will total out a veh once it reaches a % of the value. Some total at 50%. Some at 70%. It just depends on the insurance company and the state. Also, some insurance companies will total out a veh if the insured is being very difficult. Seen many a time that an insured never wants the veh back after a brand new veh has 20k or 30k of damage on it. Also, remember that you could also (depending on the state) could include a claim of diminished value that could be a high amt. Just Fyi
I looked at the original auction photos, the steering wheel, passenger front seat and curtain airbags all blew. The back window is gone, it really looks like the engine is tilted towards the drivers side. The bumper on the passenger side looks like it's pressing into the wheel. Could tell the suspension is all messed up. The fender in front of the door is pushed in so the whole front end is shifted over too. Someone bought it from the insurance auction and then ran it through again after doctoring it up some. Those buyers sold it at a Copart auction in Maine, showing lots of faults.
I bought an 03 park Ave ultra off marketplace a year ago that has a "Prior Salvage" title, the sellers made no mention as to why,,, I later found a split it the welds on the subframe which I had re welded for $80 other then that the car is flawless, we've put around 26K on it since and it's still going strong at 275k, the previous owner did mention the transmission had been rebuilt a month prior to me buying it,
Can anyone tell me specifically what Prior Salvage designation means?
ive bought cars from insurance actions that have a clean title but on the Carfax shows a total loss so many times.
Amazing video
I haven’t seen salvaged title cars going for cheep. Most are asking close to high blue book.
Craig, what about hail damaged cars (salvage title) ? Some may need a windshield but otherwise are roadworthy
Currently driving 18 Lincoln Navigator salvage title that I bought from copart, fixed it in my backyard painted in paint booth . Looks like it was never hit
Interesting subject matter how do you find insurance auctions?
Hey Graig my next car will be from you. Your honesty with what you are selling is truly admired. Yes these are used cars not new so they will have certain things that are not perfect. Otherwise get a new car.
I know several people who make a killing selling rebranded titles. I live in a major city though so the demand is there
Can you still get a payout from insurance if the car gets totaled a second time after being rebuilt?
I live in PA and I am in the business of salvage cars,we also sell anything from Hyundai to Porsche. The way insurance company's total cars today is not the way it was 30 years ago,we will get current model year cars that literally need a few thousand dollars to repair but will be totalled. An example today is parts availability,if a part is backordered for 3 months it may get the car totaled as the rental bill will add thousands to the bill. Also,any type of water damage is a flag for a total,we have had cars that have only been in a parking lot where water only comes up to the hubs but it can be a total, I have a 2020 GMC in my driveway that was this way,no water inside,but it was in about 6 inches of storm drainage overflow,it was a total. Also I have a 2021 outback that needed only a headlight and a front bumper cover and a very small dent in the fender,it was a total. I have seen $160k vehicle's totaled with only minor damage that happened on the dealers lot,but they won't/can't sell as new after repair. I can go on an on with examples as there are many,but bottom line is anything can be repaired,way to many variables as to why something can be a total,it comes down to the person repairing,some people should not repair cars and these are the ones that put a bad name to the business. Our philosophy is if it is wrecked to a point that we can't repair it at our shop,then we are not going to try and fake it and have a problematic car on the road. I can say in over 30 years of selling literally thousands of vehicle's,we have never had a come back due to a repair that we had done,not one. And I can't agree more,if you are looking at a rebuilt title car,have it inspected by a trusted shop,even though most states require a enhanced inspection,we are human,we may miss something,it is better to pay a few hundred up front than to find you need thousands down the road. There are some really shady characters in this business,if you do not know for certain what you are getting into ask a trusted shop to help you.
Hi which part of PA are you in ? And do you inspect cars ?
I had a friend a year ago wrecked his Lexus coupe he had it repaired & traded it in for a new Audi the dealer was so happy to get it I know it was frame damage but they took it sight unseen
I bought a $15,000 Acura for $500. Where I work we do accident repair. The insurance company totaled the car for air bags. Most of the time the insurance company will leave the car at the tow yard and sell it to the tow company. I bought it for $500 and because I work on cars and I get parts at shop cost what I did was went to hollands in Billerica and got it out from another car. It helps to know people and have connections.
Mine had a lien on it.. and those loose wires are for light hookups
Post vin of that raptor let’s see how bed was is damaged ! Also all my work truck are rebuild no problem
I rebuild totals for personal use for the most part. My insurance co 'Allstate' told me they won't insure any new reconstructs after 1/1/ 22. Gona suck getting a new insurance co when I finish my next daily driver...
They won't insure it at all? Or they won't insure it with collision/comp insurance on it?
@@mph5896 Allstate agent told me they wouldn't insure any reconstructs that weren't already on a policy next year. check with your insurer about coverage/ results my very.
Would love to know ur opinion about rebuilt tittles vehicles titles says previous flood ??
I have a question ? I hope 🙏 you could answer with your expertise. If a carfax still says that a car with a rebuilt title bc of theft and tmu(total mileage unknown) still has 40 months of warranty, is that warranty still apply?
It has been several years but I tried to buy my minivan back from state farm ( theft ) they said they do not sell cars back to owners anymore.
You are correct...........any flood damage, even fresh water, will cause problems at some point. Many people think........oh, no problem, it wasn't salt water. Not true. An electrical problem could show up a year later and be a pain in the backside. Unfortunately, there are loads of them in the salvage market.......and maybe on used car lots.
Its because those cameras have to be readjusted by the dealer, which costs money. Also, there are times they wont do it, because it had front end damage and dont want to be responsible if it now fails going down the road. Which in itself is the problem with fixing newer cars with all this tech in them.
U either need a ford specific scan tool which is an easy 20k or more probably, but whoever has one, is getting that money back which means its expensive to fix
18:00 is my life selling used parts on eBay. amazing how lazy some people are in regards to reading simple listing descriptions, ends up wasting everyone's time.
I bought a 2006 Ford Focus in 09 salvage title w 25k for 6k back then. It literally was like new. I saw the photos and the damage didn't seem that bad and the car drove perfect. The shop that sold it to me said cheap cars get salvaged easier. It was the best basic car I ever owned. Drove it 250k commuting and hardly did any repairs. Couple of motor mounts, a few batteries, etc. Never even replaced the plugs or coils.
I personally believe that it is safe but it’s just depends on what happen to them if it was caught on fire and rebuilt that a no or if it was flooded that also a no
Also make sure your insurance will cover a salvage rebuild b4 you buy it I know some won't insure it
Salvage 30% off price automatically… dealers won’t take it as a trade in hard to get loans on. Worth it if you buy one that’s been repaired correctly
Personal opinion, you can’t ever just say definitively that a salvaged title is or isn’t a good way to go. I think it is very, VERY vehicle specific. My little bro bought a Prius that is salvaged. The only reported damage was quarter panel repairs, but the frame is tweaked and someone had tried to straighten it. He has been mobbing it for 5 years and has been very lucky to have 0 issues. But that isn’t the case every time. Had a homie had to junk a vehicle after a year because the damaged repaired was extremely understaffed and the engine seized.
How is the engine failing connected to the car being salvaged?
@@dizk5283 the car received a branded title, apparently, after a collision that damaged some major engine components (along with some body panels). The shop that repaired it strategically fixed it to make it maximize profit for them but it directly led to an engine failure down the road.
My point was not to show two anecdotal stories. I really want to say that it is never a yes or no on a branded title. It is always case by case.
@@dizk5283 I had this all typed out earlier and then got distracted. Here goes round two.
Homie bought a car that had a front end collision and was rebuilt so it had a branded title. The company that repaired it half efforted something in the motor part of the rebuild. It checked all the boxes as being fixed, but wasn’t done correctly. Motor failed. Second, third, and fourth opinions confirmed that it was because of the accident and rebuild that the motor failed.
Two anecdotal stories do not a trend make. The biggest point I am trying to make is that it isn’t wise to say it is fine to buy a rebuilt title or you should never buy a rebuilt title. It should always be a case by case. It should be excluded as an option, but it should be made with plenty of research.
I've bought and repaired (myself) two vehicles so far. Both came from Copart. Advantage to this process is 1) I see firsthand the damage, and 2) I rebuilt them myself for myself meaning I cut no corners. As you noted, the challenge on these cars are twofold. One, financing, and two, many insurance companies will not insure a rebuilt title vehicles.
Topic for another video....show me and others how to buy and re-certify the title on a vehicle that has been stolen that the VIN was removed on. I had the option to buy a Ford Raptor with almost zero damage that was at Copart and missing its VIN tag, and I steered clear of it because I had no idea what the process and costs were involved in getting it back on the road.
Financing and insurance is exactly what I was going to bring up.
Would u recommend doing this for a first car? Or should I just look for a used car