I was planning to buy an 05 coupe today, but found that it had a rebuilt title. The car has 73k miles. The price isn't bad ($4,000) but I don't know how to discount for the title status. The car also needs about $2k (retail) in repairs: brakes, etc. Any thoughts?

 

Shop around, for 6K plus you should be able to locate a decent 05 coupe with a regular title.

 

In Florida, concerning salvaged automobiles, the distinction is made between rebuilt, and salvage whether it be a wreck or flood. The rebuilt title is issued after the Fla. Dept. of Trans. inspects the vehicle and recertifies it as roadworthy. The rebuilt title will specify if it was a wreck or if it was flood which is important to know when determining the true value of the car. As some senior forum member here pointed out in another thread concerning rebuilt titles...I don't drive a title, I drive a car.
The mechanical condition of the car should determine its price, not so much the title issue. IMHO....good luck.

 

I've bought insurance cars with a salvage title, brought them up to specs, had them pass state inspection, then obtain a rebuilt title. Personally my goal is to be no more than 70% of private party purchase value. The $2K in repairs also should be taken into consideration. The goal is to have no more than 70% of private party purchase in the car when complete. IMO.

 

Depends on the state laws where it will be purchased, and titled (will a state issue a title to drive it if another state has a title record like the ones discussed). I would guess you SHOULD be able to 'haul' it on a trailer/flatbed no matter what state it is purchased in BUT after $ has been invested, will another state issue a 'roadworthy' title. I have no experiences with those many laws BUT then again I hear a lot of restrictions in certain states MUST be followed (if at all able to title for road use). Check what state laws your buying in, and then the state laws in the state you are repairing/titling/driving it in. Good luck!

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check your insurance co see if they will insure it,, some will not some will do liability only .

 

This thread reminds me of an old song, 'Just walk away Renee'.