rebuildt title
Asked by jimwarrant Apr 14, 2019 at 10:15 AM about the 2004 Chevrolet Corvette Coupe RWD
Question type: Car Selling & Trading In
How much does rebuidt title reduce value?
3 Answers
For me it reduces it to Zero because I would never buy such a car.
voltagefuel answered 5 years ago
With a Rebuilt Title, the value is only equal to what someone is willing to pay for it. An auction is a good place to sell it. It is assumed the vehicle was totalled out and the value was paid out to the owner in full, with the presumption the vehicle would be scrapped and destroyed. However, if you rebuild it, the value is between the buyer and seller and will vary. Avoid using book values to price the car, it's irrelevant to these cars. Contrary to popular belief.