How to Buy a Car With a Rebuilt Title

If you are looking for a cheap car that is dependable, consider a car with a rebuilt title. When a car is wrecked and the insurance company determines it is "totaled," a salvage title is issued. However, when the vehicle is repaired and the proper inspections are completed, a rebuilt title is issued. While a rebuilt may pose some issues, doing the proper research regarding the history of the vehicle allows you to determine if it is worth buying.

Instructions

1

Drive the car you are considering buying. Make sure the car is in alignment and drives well. Also, have a mechanic look under the hood for mechanical issues.

2

Locate the information about the car that allows you to perform a vehicle history search. This includes the vehicle identification number and make and model -- all generally found on the title.

3

Search the car's history and determine the extent of damage that was repaired. Visit an online site, such as CarFax, CarChex or AutoCheck, and purchase the report as directed by MSN Money.

4

Call your insurance company. Supply your insurance agent with the vehicle's information and make sure the company will cover the auto. Some insurance companies will not cover it.

5

Pay cash for the car. Generally, finance companies and banks will not finance a car with a rebuilt title. However, you can use other collateral, such as land, to get the funds if you do not have the cash on hand.

6

Receive the rebuilt title with the back completed along with a bill of sale. Make sure the seller prints and signs his name on the correct line. Also, place your name and address on the rebuilt title.

7

Register the car at your local department of motor vehicle office. Take the title and bill of sale with you. Pay the fees and have the title transferred into your name.