Opinions on Rebuilt Title Car
I am probably asking a dumb question, but I will throw it out there anyway. What is the general consensus on buying a car with a "rebuilt" title? Car had damage to the right rear passenger quarter and front bumper. Don't know the extent of the original damage and seller claims it is repaired near perfect. Would you guys even consider a car with a salvage title or whatever "rebuilt" means?
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Originally Posted by t6dpilot
(Post 15868051)
I am probably asking a dumb question, but I will throw it out there anyway. What is the general consensus on buying a car with a "rebuilt" title? Car had damage to the right rear passenger quarter and front bumper. Don't know the extent of the original damage and seller claims it is repaired near perfect. Would you guys even consider a car with a salvage title or whatever "rebuilt" means?
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Thanks. Yes, it is well below market value of the car (~60%). I am leaning towards not bothering due to that fact, but the price is really good. And it looks to be in great shape otherwise.
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I think it depends on your goal for the car. Consider:
Long stories, sorry, but IMHO the 2 main things to consider are: 1. understand what the damage was, and 2. realize it will always resell at a lower price. |
Originally Posted by 911Syncro
(Post 15868181)
Long stories, sorry, but IMHO the 2 main things to consider are: 1. understand what the damage was, and 2. realize it will always resell at a lower price.
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First consideration is the model year and price!
If there is no documentation of the damage and the repair, I would have a HIGH end body shop inspect the car. These guys will see things in a different way than you or I Keep in mind that the body work is only part of the picture...you have to consider the car as if it had NO damage...in other words, don't be blinded by just the repairs... Salvage title is not a turn off to everyone, it depends on the rest of the car, and what you intend to do with it...keep it a long time? (Then again...you can't really assume that even if that is your thinking) If it's good and you can "steal" it, as a "driver" it may be just what you want, keep in mind that when the time comes to sell it..it may take time to find another.... "you" |
I've owned and sold a few, if the work looks good then it could be a good buy. Ideally, pictures and documentation would be available.
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I have owned a few, hail damage (mercedes) BMW135i Right rear qrt, Porsche 911 ( they said water) when fully inspected was not water and it had a new engine from factory, because of IMS issue, this was a great buy and still have it.
So answer is all cars are different, get photos, take a friend that knows what he is looking at. Then get up on lift and check it out. All cars were built once and can be rebuilt again if done correctly with care. If you like the car, its a good price and you want to drive it, go get it. |
I belive any salvage title cancels all factory warrantys, It did on my 2015 lexus with 63 miles.
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Originally Posted by Byprodriver
(Post 15868460)
I belive any salvage title cancels all factory warrantys, It did on my 2015 lexus with 63 miles.
How much are they asking for this car $8K? Just know you'll never get your money back out of it. |
Originally Posted by 808Bill
(Post 15868465)
We are talking 996 here aren't we? Factory warranty is out...
How much are they asking for this car $8K? Just know you'll never get your money back out of it. |
Originally Posted by Byprodriver
(Post 15868483)
You may want to reacquaint yourself with the original post.
In regard to the OP - you have to ask a few questions. Was the car repaired properly? Is there any documentation to support the repair? Do you plan to resell? If so, are you expecting equal or more than you spend? If so - you will be disappointed. Is the price low enough to take a chance? This is where I came to be an owner. My car has a rebuilt title, the price was very reasonable and I was willing to take a chance. You will need to figure if this will work for you. |
OK guys, thank you for your very valuable input. I really appreciate it. I just wanted your opinions on the issue and glad you were generous with your thoughts. First off, I am not new to the Porsche game. I have been in the early 911 scene for a while owning a variety of them and even a 914-6 (GT rep). I have been thinking of a 996 to add to the stable and am very aware of all the issues regarding the IMS, etc. I am also no stranger to the buying/keeping long term/selling process. Normally, I would not even consider a car with a reconstructed title, but it is local and priced - I think - pretty reasonably (16.5k). The car looks great in photos (yeah, I know....) and I would most definitely go look it over closely followed by a PPI and body shop inspection. If I was going to get serious... I keep my cars a long time and this would be like that and I know it may be hard to find another "me." I like that comment - thanks. I would prefer a no accident car, but really don't mind it at the end of the day if the repair was done correctly. Heck, my 71T had a front crunch in 1975 that I bought and lived with for 12 years. Didn't bother me ---- much.
Not sure about this car. I know the risks and issues, but just wanted to get your input for reference. It looks really nice and I may go take a look. But first, I will see if the seller has accident photos and paperwork. Great advice! Thanks. |
As the basis of a track-day toy, with a full 'cage installed, sure thing.
As a daily driver that might be transporting family or other loved-ones, then it's a hard no. As in all things, go with what fits your comfort zone. |
$16.5? No! Look at same cars on CarGurus for comparison. Every major cities CL have a few to choose from as well.
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