For people who are conscious about ecology and their own finances, repairing their old vehicle, which would otherwise go to waste, is a great decision. After all, automotive production leaves a giant footprint because materials like steel, rubber, glass, plastics, paints, and many more must be created before a new ride is ready to roll. Therefore, getting a rebuilt title and reselling your car adds to your budget and contributes to environmental health. So, let’s find out what this title is and how to get it in Florida.
If the repairs total 70%–90% of the car’s value, the insurance company may deem it a total loss and hand out a salvage title. After that, one cannot drive, sell or register the vehicle until it has been repaired. In this situation, the insurer usually sells the vehicle to a third party, which would deal with the repairs or break it down into parts.
If this third party proceeds with a repair job, they could quickly get a rebuilt title afterward. However, to receive it, they would have to pass a thorough inspection confirming the automobile is safe to drive.
If you want to get a rebuilt title in Florida, there are two things to do. Firstly, you must collect the required documentation:
After you get all those, all that’s left is to pay a $40 inspection fee and Florida sales tax and submit the documents and the bills to the Florida Department of Highway Safety and Motor Vehicles (FLHSMV).
The next part is the compliance examiner reviewing your documents and deciding whether your vehicle is eligible for a rebuilt title. If passed successfully, you forward the application in a sealed envelope to the tax collector's office. Ensure the documents are in order and demonstrate that your car has received all necessary replacements and repairs. Applying for a title in Florida costs around $77.25. The review takes several weeks.
Corresponding bodies usually guarantee the safety of all cars with a rebuilt title, i.e., the state’s motor vehicle agency. But it’s impossible to reliably say if the vehicle repaired after the accident is truly safe.
The buyer must understand that the damage has already been done and its structure mechanically altered. Even though a rebuilt automobile should work, there are no guarantees that it’s gonna last.
So, if you’re buying a used car, know it’s a rebuilt one, pay attention to the following:
Another drawback of purchasing a repaired vehicle is that getting insurance coverage for such a car could be difficult. Lastly, if you plan to sell it at some point, you probably will get less than you would with a vehicle with a clean title due to associated risks.
If you want a rebuilt title for your car in Florida, you must take care of the salvaged vehicle properly. It involves replacing all the damaged components yourself or through an auto shop, paying associated fees and taxes, acquiring all the documents from the list, and submitting them to the Florida Department of Highway Safety and Motor Vehicles.
The last step is passing the inspection and sending the application for the title to the tax collector’s office. After a week-long review process, your vehicle will be officially considered rebuilt if you were through.
However, remember that it’s difficult to profit from rebuilding cars. Some states require vehicle history report submission if you were to sell it. And when the potential buyer finds out the car’s been rebuilt, they may go back on the deal or ask for a significant price reduction.
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