The Risks of Buying Rebuilt Title Vehicles

Rebuilt title vehicles offer value that begs the question “Is it too good to be true?” The answer is an affirmative… not usually… Like most things, it takes a vigilant buyer to make the best purchasing decisions. Here’s a breakdown of potential challenges when buying rebuilt to help you make an informed decision:

1. Uncertain Repair Quality

Rebuilt vehicles are not created equal and their histories vary from theft recoveries to flood damage and more. As such, restoration requirements are just as variable. While some rebuilt cars are expertly restored, others might only receive surface-level repairs, leaving hidden issues. It’s important to inspect any rebuilt vehicle before purchasing it. ReVroom listings can help you and your mechanic know what areas to pay special attention to through the damage assessment built into each of our listings.

2. Upfront Costs

Buying rebuilt means more steps in the purchase process like obtaining a VIN report to see vehicle history or carrying out a pre-purchase inspection. This can cost anywhere from $50 to $200 in total for each vehicle you are interested in, which adds up quickly. Thankfully, ReVroom builds this information into each of our listings so you can avoid upfront costs and dead-end vehicles.

3. Reduced Resale Value

Because of their history, rebuilt title cars have a lower resale value than their clean-titled counterparts. This is great for buyers but can prove challenging if they have to sell their car later. Before Revroom, it was difficult to find an appropriate channel to sell rebuilt vehicles. But here, buyers and sellers are empowered to transact fairly.

4. Insurance + Financing Challenges

Rebuilt title vehicles are rising in marketplace prevalence and consumer favor. However, with any shift in the economy, it takes some time for every institution to get on board. For the most part, consumers can find full coverage insurance and financing options. However, your preferred insurance company or lending institution may have outdated or complicated policies. Make sure you have a few options when it comes to insurance or financing and check with each party to learn about their policies before buying your new ride.

Wrapping it Up

In conclusion, buying a rebuilt title vehicle can be a smart decision when approached thoughtfully. By prioritizing inspections, verifying repair quality, and confirming insurance or financing options, you can reduce risks and find incredible value. And, with ReVroom, the process of finding the right rebuilt car has never been easier. 

Wondering what the benefits of rebuilt cars are? Click here to get up to speed.