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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."
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.” View full answer
- Gregory R.
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