Things You Need To Know About Branded Titles Before Purchasing a Used Car

Maybe you are searching for a used car that fits your budget. Or you have already decided to buy a used car model. Wait, before purchasing that car. Whenever you are going to buy a used car you must check the background of that vehicle. Make sure all the information on the official documents are valid. You should look up that car’s information in order to find whether the car has a branded title or not. 

Now you must be wondering what is this branded title. Actually, a branded title indicates that the has gone through extensive damage due to an accident or any type of uncertain situation. A branded title car may have issues with its odometer or may have a defect that is caused by the manufacturer. If you can find out a branded title car that is in good condition then it will be a good choice. Branded title car models are cheaper than the actual price of the same first-hand model. Just that you need to be aware of the drawbacks before making a purchase.

In this blog, we are going to let you know about branded title vehicles so that you can purchase a branded title car that is in good condition.

Key points that you should remember

  • A branded title indicates that the car was once declared a total loss or has some major issues.
  • Cars with branded titles may have been repaired or rebuilt. 
  • A branded title means that the car got damaged due to a flood, the odometer was rolled back or it was involved in an accident. 
  • Branded title vehicles cost 20% to 40% less than the actual value of the same cars with a clean title.

Types of branded titles you should know

A branded title lasts for the lifetime of the car. Even if the car is repaired or rebuilt to make it drivable on road legally the branded title cannot be removed. You must know that branded titles are handled differently state by state in the country. A title provides insights into what kind of damage the vehicle has suffered. We have mentioned some of the common types of branded title cars.

  • Lemon title brand 
  • Odometer rollback brand 
  • Salvage title brand 
  • Rebuilt title brand 
  • Water damage title brand 
  • Hail damage title brand

Now it is time to understand each of these branded titles precisely.

Lemon title

Most states have laws that let car owners return cars that have proven to be highly defective. These laws are known as lemon laws, and they work for the consumers to provide protection who have purchased poorly manufactured products. Lemon laws state clearly what kind of defects can qualify a car for return. These laws vary from state to state in the country. It aims to identify cars that are defective which can make the car unsafe to drive on roads.

Odometer rollback title 

The mileage of a car is an extremely important factor for valuation purposes. That is why mileage impacts a car’s value. Dishonest sellers may alter the reading of a used car’s odometer so that it shows lesser miles. In this way, sellers fool buyers and increase the valuation to sell at a higher price which is not worth it. A skilled mechanic can identify whether a car has tampered or not. If a car’s odometer has been rolled back then it will receive an odometer rollback title.

Salvage title

If a car has gone through extensive damage and it will cost more to repair than the car’s fair market value then the car may receive a salvage title. A salvage title is commonly issued in situations where an insurance company has declared the policyholder’s vehicle to be a total loss or a totaled car. The definition of this branded title varies from state to state in the country. Going through all this information is necessary before you purchase a car that has gone through extensive damage.

Rebuilt title

A car can receive a rebuilt title if it has been declared a total loss by an insurance company and issued a salvage title but then got repaired to make it drivable and roadworthy. Buying a car that has a rebuilt title can be a good decision due low price and good car condition.

Water damage title & hail damage title

The names water damage title and hail damage title are pretty much self-explanatory. Here water damage title car means a car that has been damaged due to a flood. On the other hand, a hail damage title car means a car that has been damaged due to hail.

Conclusion

Hopefully, now you got familiar with all the branded titles. So make sure to check the background of a branded title car before buying it.

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