Rebuilt Status risks?

[BMDUBS]

To all who may know, what risks is there in buying a newer (2011) BMW M3 with a rebuilt status?

Say I buy the car, what will the insurance company say about its insurance value? What happens in an accident and in a case of another massive accident?

Also what is the typical reduced value of a total loss rebuilt titled vehicle??

[euro_racer]

No risks at all

Just make sure it was fixed right and know it might be a bit harder to sell down the road, but it will sell for the right price.

[ExtraSlow]

You'll need to ask your insurance company, but as far as I know, some companies won't insure rebuilt cars with collision.
I think I see the car on kijiji that you are looking at. If so, it's listed at $38,500, and the comparable cars are listed at between $60 and $75k.

You want to see some very solid documentation on WHO did the rebuild. If it's not a company that specializes in BMW, I wouldn't touch it.

The whole point of getting an M3 over the regular 3 series is that it's special. If some joe-blow NE shady fuck rebuilt it, it's probably been done with the cheapest parts he can find, which likely means that suspension is back to "normal" 3-series parts, or worse. an get into 2011 3-series for $20k, so not much point paying nearly double for a car with a dubious history.

Shit, for $38k, you can get yourself into a very lightly used 2013 or even 2014 3-series, and end up with a much better car, with warranty.

My vote: Don't do it.

[Kloubek]

I wouldn't say there are "no" risks at all. Everything has to be inspected so assuming that went as planned it should at least be roadworthy. However, there is nothing to say a repair is going to hold up as well as if it wasn't damaged in the first place. Perhaps inferior parts (but still in spec) were used. Perhaps something wasn't sealed whereby from the factory it was... those sorts of things. An inspection doesn't ensure it is up to original spec; it just makes sure the car works and is safe to drive.

Reduced value? I'm not sure but I'd say 20-25% less sounds about right.

[ToXicXxX]

The one you're talking about is a black sedan owned by a guy named Victor right?

Yeah... I'd avoid that one. If you want to know why PM me.

[J.M.]

Originally posted by ExtraSlow
You'll need to ask your insurance company, but as far as I know, some companies won't insure rebuilt cars with collision.
I think I see the car on kijiji that you are looking at. If so, it's listed at $38,500, and the comparable cars are listed at between $60 and $75k.

You want to see some very solid documentation on WHO did the rebuild. If it's not a company that specializes in BMW, I wouldn't touch it.

The whole point of getting an M3 over the regular 3 series is that it's special. If some joe-blow NE shady fuck rebuilt it, it's probably been done with the cheapest parts he can find, which likely means that suspension is back to "normal" 3-series parts, or worse. an get into 2011 3-series for $20k, so not much point paying nearly double for a car with a dubious history.

Shit, for $38k, you can get yourself into a very lightly used 2013 or even 2014 3-series, and end up with a much better car, with warranty.

My vote: Don't do it.

I wouldn't buy that M3.

[J.M.]

Originally posted by ToXicXxX
The one you're talking about is a black sedan owned by a guy named Victor right?

Yeah... I'd avoid that one. If you want to know why PM me.

Why

[ToXicXxX]

I just know how it was put back together and what kind of corners were cut. He had a white coupe as well that he brought to us, asking for all sorts of shady shit to be done (basically wanted a bunch of codes/errors permanently hidden, no doubt from a shoddy rebuild). Needless to say we turned him away.

[redblack]

Originally posted by ToXicXxX
I just know how it was put back together and what kind of corners were cut. He had a white coupe as well that he brought to us, asking for all sorts of shady shit to be done (basically wanted a bunch of codes/errors permanently hidden, no doubt from a shoddy rebuild). Needless to say we turned him away.

Sounds like a typical kijiji curber

[ToXicXxX]

Originally posted by redblack


Sounds like a typical kijiji curber

Gotta love that internet.

[NoPulp]

Talk to your insurance company.

Do some research on the car, make sure it was done correctly.


Typically rebuild cars are fine since passing them is very difficult (unless you pay someone off and do it in a shady way). Keep the value in mind... they're harder to sell and worth less. They can be a good way to get a decent vehicle for cheap.

[ToXicXxX]

If it's the one I described you need to run. Very far away.

[J.M.]

Originally posted by ToXicXxX
I just know how it was put back together and what kind of corners were cut. He had a white coupe as well that he brought to us, asking for all sorts of shady shit to be done (basically wanted a bunch of codes/errors permanently hidden, no doubt from a shoddy rebuild). Needless to say we turned him away.

That's some shady shit

Would a car like this still be under factory warranty if it has a rebuilt title? (assuming 4yr/80km)

[relyt92]

Originally posted by J.M.


That's some shady shit

Would a car like this still be under factory warranty if it has a rebuilt title? (assuming 4yr/80km)

Generally a rebuild will have 0 warranty from the manufacturer.

[Darell_n]

And also subject to any recalls, safety or not.

[AE92_TreunoSC]

Yup, every rebuilt I've seen is disqualified for recalls or warranty. I'd only consider a car like that with a form of warranty, even if there is a deductible involved. Repairs can escalate fast.

[BDenali]

I would have to say its a risky buy. If you plan on keeping it long term that will be when issues start popping up if any do. Not to mention if or when you go to sell it people are gonna be very concerned like you are, you will have to drop the price dramatically.

[Twin_Cam_Turbo]

Legally I think they have to be subject to recalls still but nothing else.

[ShermanEF9]

It would also depend on why it was written off to begin with. As an example, my civic is a theft recovery from the states and was rebuilt because of the 50 states, 3 of them are auto writeoffs when stolen. Just do your research.

[BMDUBS]

Yup it's the black one. I think this car is worth $30k or less. The price is not good enough for the risk and loss of value. Nevermind how it was put back together.