What is the downside to buying a car with a rebuilt title?
"Is there any reason to not purchase it? I am thinking about buying a Jeep in fair condition with a rebuilt title."
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Answered on Jul 27, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“If you’re deciding to buy a vehicle with a rebuilt or salvage title, there are a few things you’ll need to consider.
Some car insurance carriers do not offer insurance for salvage titles or it can be very expensive. It can also be difficult to transfer the title or register the vehicle with the DMV.
If you currently have insurance, you’ll want to reach out to your current carrier. You can find out if they provide coverage for rebuilt vehicles. You’ll also want to find out if there is anything special you’ll need to do to register your vehicle with the DMV.
If you don’t have car insurance, you should request car insurance quotes and find out which carriers will offer insurance on the vehicle. You’ll be able to find out who will offer coverage and the cost of it.”
MORE: What Is a Rebuilt Title
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