How to Sell a Car With a Rebuilt Title
A vehicle with a title that says "rebuilt" on it generally refers to a car or truck that has been in a major accident that was bad enough for the insurance company to total it. When that happens a vehicle is given a salvage title. If the vehicle is then repaired properly, it can be inspected and re-titled with a rebuilt title. The problem with cars with rebuilt titles is that it will always be known to any potential buyers that the vehicle has been damaged and then repaired, which diminishes the value.
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Instructions
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Be honest and up front about the accident and the damage that was caused to the vehicle. One of the most important things about selling a car with a rebuilt title is being completely honest with any potential buyers who are looking at the car. Tell them exactly what happened and the extent of the damage. If they end up buying it from you, you honesty may prevent them from coming back to you and trying to get their money back or potentially suing you. The last thing you want are legal issues because you were not completely honest about the vehicle you sold.
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Have the receipts and documentation of the work that was done. Being able to prove that the repairs were done by a competent shop and that the work was done correctly is also crucial. You want to be able to prove that the vehicle was fixed properly, whether it was damage to the frame or simply extensive body damage. This will give any potential buyers more confidence in you as a seller and what you are selling.
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Be negotiable. Vehicles that have rebuilt or salvage titles are generally considered less valuable and desirable than vehicles with clean titles. However, the upside to buying a rebuilt vehicle is that the buyer is potentially saving a considerable amount of money over buying the same model with a clear title. This is particularly true if the vehicle was fixed correctly and in a high quality, safe manner. As a seller though, you also need to face the fact that the vehicle you are selling has a diminished value because of the title. You must remain flexible on the price if you are going to sell it.
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Check your local laws. Different states have different laws when it comes to selling and titling vehicles that have been wrecked and rebuilt. Make sure you go through the proper channels when it comes to rebuilding the vehicle and then having it inspected and titled properly.
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Let the potential buyers inspect the vehicle closely, test drive it thoroughly and have their own, independent mechanic look it over to make sure it is roadworthy. Again, this will give potential buyers of your rebuilt vehicle more confidence in you and the vehicle you are selling.
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Detail the vehicle from top to bottom. This goes for car you may selling, but is even more true for a car with a rebuilt title. Wash and wax it, clean the engine bay and interior.
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