Last year's hurricanes left thousands of cars with flood damage, and many may now be on the used car market bearing rebuilt titles at bargain prices.
If you’re buying a used car, you might see the phrase “rebuilt title” in the listing. What exactly does this mean? Did the title get rebuilt, or does this refer to the car? Regardless of the definition, how might this issue affect the vehicle?
An event like Hurricane Ian last September can leave tens of thousands of cars with flood damage in its wake. Read on for an explanation of what a rebuilt title is and whether you should consider buying a used car listed as having one. What does a salvage title mean? Suppose a car had an accident and is declared totaled by an insurance company. In that case, a salvage title replaces its clean title. The salvage title lets potential buyers know that the car experienced an accident and it may not be safe to drive.What does a rebuilt title mean? Once a vehicle gets fixed after earning a salvage title, it’s given a rebuilt title.
Read: Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.
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