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Should I buy a rebuilt title vehicle? And what is the difference between "rebuilt" and "salvage"?
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- čas přidán 16. 08. 2024
- This is just a quick video explaining the difference between a "Salvage" title and a "Rebuilt" title. This applies to Texas as I'm not sure what other states use for descriptions but I suspect it's pretty close to the same.
Thank you for being straight to the point, honest and very informative - hard to find these days!
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Working on getting my dealers license here in Van Alstyne, TX. I like the straightforward information in your videos. Thank you sir!
Best of luck!
@@buxtonautosaleshow about for uber which hard job for a car. Rebuilt is good to go? Some say rebuilt asks more money for repair etc
Excellent video. Thank you sir. 😊
Most welcome!
Great video, Tom. Thanks for the info.! Well done!
Thanks for watching!
I learned this the hard way. I bought an out of state 93 integra GSR from Idaho (super clean car ) with a rebuilt title. I couldn’t transfer it to PA because they wanted me to get an “enhanced inspection” which is what they call it here in PA. The shop was a Fraud , lied to me saying the car needed rear control arm
Bushings and that the car was swaying all over the road. Which was total bull*****. I drove the car and there was nothing wrong with it. So long story short. He screwed me failed my car and kept my $300 enhanced inspection fee. So this must be something to be aware of to guys , if you live out of state be weary of buying cars with rebuilt or salvage titles depending on your plans like this guy mentioned Im the video. Always check with your state when it comes to buying a car with an out of state rebuilt or salvage title. You gotta jump thru
Hoola hoops and then could possible get screwed by the shop saying you need a ton of work. Just thought I’d mention this , since I went thru this first hand. Ps. Do t ever accept or attempt to alter a vehicle title. Ask me how I know this ? You’ll get screwed and will need the previous owner to get issued a new title. Unless you got connections you can’t apply for new title that’s not in your name. A family friend however was able to get a new title mailed to them without the owner involved thru someone that he knows who owns an auto tags business. Don’t ask me how they did it. I have no clue. Sometimes it’s all about who you know. Also I wanted to mention, my sitter recently was looking to buy a car and we kept finding junk everywhere we went. Well we found a nice 09 TL with a rebuilt PA title. We had no issues whatsoever transferring title and registering it into NJ. The process was literally the same. So definitely check with your state before you buy anything with a branded title..
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Amazing communication style. You should be im consulting. Thanks for the information!
Glad it was helpful!
Thank you for the information
My pleasure
Thanks brother
Welcome!
Another great video! Well done Tom.
Glad you enjoyed it
Thanks for the info.
Any time!
Thanks Tom for dropping the knowledge!
My pleasure!
Great video!.
Thanks!
2011 Honda Element with 90k miles was rebuilt in 2018 after it was rear-ended. Been on the road for at least 5k years after the rebuild. Figuring it's worth a shot. 🤷♂️. Its fwd that was rear-ended if it was awd I'd be a little worried about it.
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Thanks for the explanation! I learned in 6min what I didn't learned in a few months!
Glad it was helpful!
Awesome video. Very informative
Thanks!
Thanks for the info I’m going to be buying my first car ever it’s a 2008 Dodge Charger RT with 150k miles on it I love everything about it and reall don’t seem nor will ever care that it’s a rebuilt title 🤍 I’m in hella saving to get it wish me luck 🤍
Did you buy it yet??
@@bear2savage974 no I’m still in saving sadly
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Thank you so much sir!!
Most welcome!
2020 Crosstrek with 35k miles on it, looks brand new, gonna go drive it soon, rebuilt title, but like I said looks excellent, curious what I should be looking for, any red flags for something like this?
I'd say take it to a shop and pay for an inspection. They can lift it up and look at the frame, undercarraige etc to make sure it looks repaired properly. A body shop could do it as well. For a fee.
2021 Silverado 1500, 18,00 miles.. rebuilt title because it “flooded” but it was very very minor because the original carpet is still in , runs great. The lot wants 39,900 for it.. I wouldn’t want to sell afterwards. I’m gonna still get an independent mechanic to look at it… do you think that’s a good deal?
What do other 21 Silveradoes with comparable equipment packages and miles go for in your area? I'd expect 15-20% off for a rebuilt title but that's just me.
I’m kinda looking at this 2016 Ford Taurus SHO as a first car it’s got like 68k miles and it’s for like 14k it says rebuilt titled I obviously wouldn’t buy it before I inspected it thoroughly but I’m really looking for a car to keep so I don’t have to buy another one for a while.
Idk bro that’s a lot of money for a car with a rebuilt title. If you don’t care about the sale value after your done with using it and your state dosent give you problems with branded titles then i would say get it. I always keep the titles in mind because I like to sell
My cars whenever I want or need too and people are just really weary of rebuilt or salvage titles. Mostly
Because of the misinformation out there
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A guy tried to sell me a 2016 Mercedes CLA 250 with 134k Miles for 10K. He said it was a rebuilt title because he loss the original title. I asked was the car once wrecked tho, he said no.. So basically this guy is lying to me saying since he requested a title replacement it is now rebuilt?????
Yeah, sounds like it. For it to be a rebuilt title that means an insurance company took a total loss on it. Sold is as salvage and someone else rebuilt it, got it inspected and then sold it. If he simply "lost" the title and it was in his name he can file for a certified copy of title but it would NOT be marked rebuilt.
Question. Im looking at a 2003 Nissan 350z Coupe 85000 miles Rebuilt Title. Owner said it was bought at an auction so no previous work history to the vehicle can be seen... Passenger door wont open, seat adjusters censors went out and trunk wont open. Is it worth the hassle?? Thanks
Well that's totally up to you. You probably know what these cars are worth you just have to decide if the value is there to make it worth it with what you'd like to do to it.
Progressive and other insurance total cars after accident and dont claim it as salvage and the title comes blue clean from the insurance. When sold and transferred the new title was issued blue clean title.
That’s interesting I had never heard that before.
Honesty is a very good key to business, u rock!
Thanks!
Great explanations!
Question- Are salvaged cars with rear or front accidents better than the other to buy? Thinking front end impacts affect the engine and/or components.
I think it just depends on what you can afford and what you can afford to fix.
Yeah I agree with him. I usually rather buy front end damage because usually I can swap out everything because it unbolts. If there’s no frame damage you can just replace the bumper, hood , fenders etc. keep in mind that depending on the severity of the rear end damage you might need a good
Body guy or body shop. You’ll have to do a bunch of body work straightening /bondoing/ welding /painting etc. some damaged cars might require a frame pulling machine that they use at body shops to straighten shit out.
@@twinturbobmw535xi7I bought a Mercedes Benz that was rebuilt. It was rear ended. Still have it for 5 years bought it for $6000
@@twinturbobmw535xi7when I saw the pictures it was smashed in.
What dealer never told customer a salvage title
A salvage title or a rebuilt title? Both are supposed to be disclosed.
@@buxtonautosales I can't even trade out this vehicle I ask Carfax he site was down and it had cleaned carfax.16k down drain.
That sucks man.
If I bought a salvage title car from copart and copart charged sales tax do I pay Texas dmv sales tax again?
I assume the title came assigned to you, meaning your name now appears on the front of the title? If that’s the case you’ve already paid your sales tax.
@@buxtonautosales it’s a pink title it shows the name of the insurance company, and my name is on the back of the title as a buyer, I’m getting ready to do a title transfer to my name. Thank you for all your help!
I agree
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Very Informative video. I live in Dallas area. Would like to visit your shop one day. Quick question. If I buy a salvage car in an auction and then fix it and inspected. How can I rebuilt the title? DMV?
I've got a video out for just that situation!
I’ll look for it. Thanks
Thank you for the video, my brother wrecked my car the insurance decided to fix it but the collision couldn’t fix it due up the engine got locked up.
My question is can I fix myself because the insurance stating that is a total lost
Yeah you can fix it yourself and then get a rebuilt title for it.
How about new muscle cars like a camaro or Mustang? Most of These have a rebuild title and the price between a clean title and rebuilt title is allot. Is it wise to buy the one if I want to keep it for 5 to 6 years?
I don't think "most" have rebuilt titles. Again. Up to you for what your needs and budget are.
How much I should spend for buying 2013 honda civic 150k KM? The dealer is asking for 11k CAD.
I'd just compare price and miles to similar cars just like it and see. Markets tend to be different from one area to the next, the time of year, and availability to get cars in that area.
Quick question if I bought a car with a rebuilt title will the insurance cost more money than the same car with a clean tittle or
Check with your insurance provider. Some only do liability others adjust the value of the vehicle for collison.
Hello Tom. We are looking for big SUV family car and found rebuilt one looking good but not sure if good idea? If we buy that will be for family car.
Depends
Good video.........just disagree with one thing.......don't just assume that your teen will wreck the car they get. I never had an at-fault accident in more than 52 years of driving........right now in the U.S., car accidents are the #2 cause of death of teens. It used to be #1, but with all the fentanyl and opioids let into the country now, the drug deaths have surpassed car accidents. (my teen's best friend died at 16 because of fentanyl) Let's hope that our teens are defensive drivers and don't risk an accident. The statistics aren't good. I would just hope that they are driving a mechanically-sound vehicle.
I understand your point but I would also say that "Most" teens wreck their first car as the learn to drive. It's just an opinion. I have one child out of three that never wrecked.
How hard is it to transfer a rebuilt title in ur name is the process the same as a clean car title? Or is there extra steps
It’s not hard at all in my state(WA)…the steps are the same as a clean title. Check your state laws regarding rebuilt cars/titles. Also, I suggest that you check with your insurance company regarding rebuilt titles. There are apprehensions about rebuilt cars, but my experience has been really good. Good luck.👍
Nope once the title is issued it's just like doing any other title transfer.
Rebuild title Kia Souls with 100K miles are still selling for $10K. How is that 'cheaper'?
I think right now we are seeing a lot of "supply and demand" going on with the new car chip thing. And people are getting their 'tax season pricing" in place for when all those earned income credit funds hit the street.
Cars are expensive right now or maybe these are the new normal prices
Question is works buy a rebuild title with a hit in the back 2019 honda pilot elite with 29 thousands miles they want $28500
You have to figure out what the car would be worth before it was hit. What do you have to pay for it. What will it cost to get repaired properly. Then I would say the rebuilt title should make the car at minimum 25% cheaper. If you can't make that math work I wouldn't do it, but that's just me.
I'm looking to potentially buy a rebuilt title car to use for uber. Upon request-in general, will the seller be able to provide a crash report for that rebuilt title vehicle which details (at least) what type of damage was repaired, or what type of accident it was in to help me better make my decision?
Btw, great video. Thanks in advance. 🙏
Some dealers do carfaxes. Private parties don't usually. You can buy one on your own as well.
Becareful with this one. I actually saw on one of the ride sharing websites ,can’t remember if it was Uber or Lyft but they said cars with salvage or rebuilt titles are not accepted or will not be approved. Even though idk how they would even know or find out that type of information unless their doing carfaxes on ppls cars. Which I doubt. Or maybe thru their insurance companies ? Idk. Now that I think about it. I’m pretty sure my moms Bmw I was using for Lyft had a rebuilt title. I was using that was during the beginning of the pandemic though so god knows what they’ve changed by now. They were allowing all
Kind of shit and even rolled
Back the car year requirements to get more drivers because of the extreme shortage. I remember how bad it was. People told me they weree waiting 3-4 hours for a ride In some cases. Some even scheduled a day in advance and still had to wait. Lol
Hello Tom, I am in the process of selling a car that was deemed a total loss by an insurance company. A salvage title was never issued, and the current title has no rebuilt or salvage brand/remark. The history of the car is not clean, but is the title clean or rebuilt? I contacted my local tax office, and they didn't find any special remarks either. I've been told I can't sell this car as having a clean title.
If the insurance company didn't issue a salvage title for it then there's nothing to convert to a rebuilt title. I would call a TXDMV regional office and give them the vin and see what they have to say. If they say it's not a branded title, ie salvage, you can sell the car. A buyer can do a carfax on the car if they want to.
Man screw them. Like the man said. If the insurance never issued a salvage or rebuilt title then your good. Do what he said and and call your local dmv
thank you for a great video. I am in the process of applying for OCCC license, do you have some information on how to fill out the letter of experience? and how to obtain the loan document? if you know a good way to do them i would appreciated. thank you in advance for your help
You just right out what your auto dealer experience is. As little or as much. When you say loan document you mean the installment agreement between you and the customer? That'll be part of any dealership software that you purchase and it'll be customized to be legal by our state. I use Frazer myself.
@@buxtonautosales yes the installment agreement
What address do you send these to? I’m in the same area
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How can you finance a rebuilt title car.
Some banks will finance at a lessor value and pretty much every buy here pay here dealer sells them.
I have a question. Say I bought a salvaged vehicle and rebuilt it and now have a rebuild title in Oregon. Can I register it in California and would I have to go through the process of having to get it inspected etc again to register it in another state?
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What if I’m buying it to last a long time would you recommend it?
If the repairs were done well and any mechanical issues are addressed I'd think you'd be fine.
Can a rebuilt title car become a clean title? How will that effect insurance? Also, if I buy a rebuilt title in one state, will it be hard to register it clean in another? Just curious thank you!!! Looking for a Honda Civic and the rebuilt title ones look like cheaper options!
If it's a rebuilt title it stays that way forever. Doesn't matter if you move from state to state or whatever. You can always get liability insurance but you'll need to check with your insurance company on their policy for rebuilt titles. Some will not do full coverage and others adjust the value of the vehicle.
Does a rebuilt title car still has airbags or not
It can. Or it might not. Rebuilt titles means the value of the repair was higher than what the insurance company said it was worth so they paid off their customer. Just depends on who rebuilt it and what the problem was.
What is the % value that a car decreases by if it is a "rebuilt title"?
Hard to say. Different depending on how old the car is, what type, etc. I'd guess on average 25% but that's really just a guess.
@@buxtonautosales thanks
I’m interested in an 2006 f350 with a Florida rebuilt title not because it was in an accident but seller states because it was a theft recovery. If it was just a theft recovery would it be not as concerning ??
Thx in advance
I guess it depends on what damage was done while it was stolen.
3 sons. 2 have totaled their first cars
Yeah, I've got three kids as well. 1 Total, 1 lots of fender benders, and so far thankfully the last one hasn't had the pleasure!
Do u have a 2018 camoro
Afraid not.
We're is your dealership
Buxton Luxury Auto Sales, LLC
How much higher will your insurance go up ? Or will it not make a difference ?
It doesn't make it go up but some insurance companies will not offer full coverage on a rebuilt title vehicle. Some will give you a lessor value. Check with your insurance company first to see how they handle it.