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Newer Cars with Salvage Rebuilt Tittle - Value?
I have been looking at getting another daily driver. I like to look for 1-2 yr old less than 30K miles.
Several have popped up that have a Salvage Rebuilt tittle. The ones I have seen are Body shops. They buy a damaged car from an insurance company with a salvage tittle. Then they repair the car and get a Salvage Rebuilt tittle, when it passes inspection.
These places selling them are asking ~75% of what it would be worth if it didn't have a salvage tittle. Car dealerships tell me they will only give 50% on a trade in.
My insurance company will not tell how they would value one should it be a total loss. This makes me want to get a different agent.
Anyone have any knowledge in this area? I would like to know how to properly value such a car.
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