Is it Safe to Buy a vehicle with Salvage or Rebuilt Title - Flying Wheels
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- เผยแพร่เมื่อ 5 ต.ค. 2024
- 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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Ford Raptor SVT for sale
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!
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.
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.
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 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.
The worst part of the rebuilt cars is that most banks won't loan on those vehicles. That makes them hard to sell.
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?
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.
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.
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.
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....
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.
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.
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.
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.
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 ?
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 .
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.
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.
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!
Fun fact, South Carolina you don't have to have a reconstructed title to register or insure it. Salvage title is fine for them.
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 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.
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!
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.
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.
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
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
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.
Good video thanks for the information! I am I’ve always wondered about that.
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
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.
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.
CT rebuilt titles have to be re inspected in mass i’ve herd couple other states don’t work with mass to
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!
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
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.
Nonpro' s should stay away from rebuilt/salvage auto's. You never know how well it has been fixed and problems can show up later and then re-sale later you have to convince someone there is no problem.
Best way to buy a salvage or rebuilt vehicle would be either if your repairing yourself or that who your buying it from know who repaired it with good documentation on what was done or there shop did the repairs and can show you what was done with pictures etc.. if it is a person selling it and it was already repaired , bring a good mechanic or body man that knows what to look for as for proper repairs .
It's a PIA in missouri to get a salvage vehicle inspected after you get it fixed
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 😂
Some insurance companies don't like to/won't insure them.
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.
The three loose wires are for the upfitter switches, prior owner most likely had off road lights on it.
Another point to keep in mind is that you can not get more than liability insurance on a branded title car. A lot of insurance companies won't offer coverage any more.
Geico; and USAA offer full coverage on branded title cars. The one I’m using now is a example.
Honesty is the best policy - agree Craig. Interesting story about that Ford Raptor it probably sold quickly too.
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.
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
I appreciate your ethical integrity. !!
It's different in many other states. Her his Washington the title stays as "salvage".
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.
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".
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.
Anyone interested in buying a Fully loaded 2013 Lincoln MKX 31,600 miles, pearl white, 20 inch stock wheels with new tires, garage kept. Runs and looks brand new.
Dave ..very smart advertising your car here!
@@mikeserrano3813 thanks 😉
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.
Best video in a long time, outstanding information, thank you. How does that heavy truck drive with the dual turbo 6-banger EcoBoost?
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
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.
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.
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.
Dam, my truck has 240k miles. It’s a 2015 Ford F-150 and my seat has no wear like that seat. This has 14k miles. And you wonder why they left. Of course someone is expecting a new car when it has 14k miles. I love my Ford
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
In Colorado, banks will not loan any money on rebuilt / salvage vehicles and all R/S vehicles must show it out on the title. Car Fax will also flag it.
If you do the work yourself, okay, But I would not drive one rebuilt by another person.
Flood vehicles are a TOTALLY different story. It takes a few years for the electrical issues to pop up. The water gets into the wiring and eats the copper....turns it to white powder. Then its game over.
Awesome video Craig super informative.
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
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.
Great info, especially the fact that most banks won't touch them.
The three wires are probably someone installing Christmas light on it
I know several people who make a killing selling rebranded titles. I live in a major city though so the demand is there
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
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
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
If u want to have more knowledge on the rebuilt vehicles watch Vehcor's videos. Shows u how they can be better than new when done right
ive bought cars from insurance actions that have a clean title but on the Carfax shows a total loss so many times.
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 haven’t seen salvaged title cars going for cheep. Most are asking close to high blue book.
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.
you are the man with the knowledge thank you very much I understand how the vehicle status works keep on showing them videos
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
Excellent video, thanks, Merry Christmas
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'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
Hey Craig,
the camera needs to be recalibrate.
I made a ton of $ on salvage cars. especially in the current market. when customers save 30% they don't care about the title as long as you are a known trusted dealer.
I bought a 2016 corvette with 20k for 31k ! all it needed was a rear bumper and 1/4 panel $2000 dammage!!!!
i bought many cheap cars all needed was a grill etc...
but one thing I do, its that I'm the one doing the repairs myself and scheduling the title inspection, I allmost never buy salvaged cars from other dealers.
you mentioned that its a clean title, in NY many times it will come back with a clean title after the DMV inspection, no branding at all! but the carfax does pick it up 98% of times !!
good luck and u don't have to worry at all with crashed cars everything can be fixed right, it only depends if it makes financial sense. I'm with you in regard to flood cars I don't touch them, way to many things to go wrong but again if u know what to look for it may bring u more money then crashed.
good luck
INSTANT SUBSCRIBED! Thanks for the invaluable video, Craig! I learned alot!
Just curious on what you think of the Audi Q5 model ?
Hello Craig. Have Merry Christmas to you and your family. Enjoy watching your videos. Keep up the good work. Greeting from Venezuela!!!🎄🥂🎅⛪🎁
Banded titles are hard to get bank financing. You may have to pay higher financing fees.
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
As long as you get it checked out by a good body shop
always heard,rule of thumb,branded title vehicle is worth half price especially as far as loan value at banks
A lot of the cars today aren’t built properly from the factory. So many computers and modules and sensors. So many shady people selling these after floods and accidents. No way I would buy a complex car for 50k with no warranty. Just asking for electrical gremlins.
The ADAS might just need calibration, you would need a real scan tool
Hey Dude, this video is going to help sell your raptor much easier, if I may suggest, do a video of how fast and smooth it drives and actually show how everything is in top shape and functioning correctly. this way a buyer across the country will know that the vehicle is worth the price, however, I could be wrong and this is only my two cents.
he doesn't make videos to sell cars, he was just making a video about different titles, and used this truck as an example.
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
You pointing out quirks of a branded title vehicle is true of any used vehicle not just a branded title one. I fix a few crashed vehicles a year for fun and to be able to drive vehicles that I wouldn't otherwise. I feel like I would rather buy a crashed repaired car because I am not going to go through the effort to fix one that has a multitude of other mechanical and electrical problems as well as the accident damage. When you go look at a clean title used car, there are always hidden problems. Never buy a flood vehicle unless you are just using them for parts.
Craig you might want to check this @goonzquad rebuild series since it’s an Audi R8 with 1200+ hp and Happy Holidays
Will do. Thx!
I'm trying to buy a vehicle that doesn't have a clean title because the smaller dealership bought it from a auction. The car doesn't even have 5k miles and he said the only reason is that it was theft recovery. I took it for a test drive and felt like a brand new car.
Great job Craig I love watching videos you put out man your like the most honest car dealer I think I'm the country keep up the good work brother 👍😎
Good information I wouldn't know the difference thank you
It matters when you try to sell it used. People are way too scared to buy salvage/rebuilt vehicles. Also, even on one that is relatively new, the manufacturer cancels the warranty. I bought a one MONTH old F150 rebuilt. Hood, grill, one fender, air bags, windshield. 3,000 miles. As long as you keep the vehicle, you get a huge discount! I bought mine, and kept it for 13 years. So I did just fine. But when I sold it, no one would touch it at any price. Me too, I'm not messing with a vehicle with flood damage. I paid half of the new price for a one month old F150, with 3,000 miles on it, but a rebuilt title.
I was about to buy a salvaged title 4runner today. Getting insurance ended up being a mess. I could only get liability insurance . I backed out of the deal. 2016 4runner with 88k miles. $21900