Rebuilt titles and recovered titles have some similarities, but each is applied at a different stage in the rebuilding process.

Rebuilt title	Wild title
Indicates a history of serious damage, depending on the condition, which typically ranges from 70% to 90% of the median resale value.	Indicates a history of serious damage, depending on the condition, which typically ranges from 70% to 90% of the median resale value.
You can specify the type of damage suffered, such as flood, hail, theft, or vandalism.	You can specify the type of damage suffered, such as flood, hail, theft, or vandalism.
Previously it had a salvage title, but it was repaired	Indicates if the vehicle is repairable or only has market value for its parts
Restored and passed a rebuilt vehicle inspection	Not roadworthy and it is illegal to drive

Pros and cons of buying a car with a rebuilt title

Pros explained

If you are looking for a used car, you can get a better deal if you buy one that has a rebuilt title. But keep in mind that even though the car has passed inspection, its past condition may mean higher than average repair costs down the road. You may want to reach out to an industry expert or friend with in-depth knowledge on the subject for guidance. If you have no experience working under the hood and need a reliable wheelset, a rebuilt title car may not be the best option.

Disadvantages explained

Difficult to insure : Many companies do not insure a vehicle that has a rebuilt title. And those that do probably won’t offer collision and comprehensive property coverage. Therefore, if you are in an accident, you will have to pay the repair costs out of pocket.

Difficult to obtain financing : Certified salvage cars have no Blue Book Value . Even though a car with a rebuilt title has been restored and passed state inspection, lenders can refuse to finance it. Lenders may also refuse to finance a restored vehicle because they question its repair history or its ability to perform on the road. Lenders who do finance rebuilt-titled cars often charge high interest rates and only offer short-term loans.

Low market value : Since remanufactured titled cars have a troubled track record, they typically don’t have a good resale value. In most cases, car dealers will not accept a rebuilt car as a trade-in because they cannot sell it quickly.