What is a branded title? A branded title refers to a situation where an insurance company changes the current vehicle's title from one type to another because of an incident resulted in a total loss.
Understanding vehicle titles can be very complicated, especially if you don't have previous experience. You might be familiar with the type of clean title, which is any regular title with no previous problem, but do you know what a branded title is?
In this article, we will walk you through some details about when a vehicle is considered to have a branded title and what this means in terms of the vehicle's value or status. Does it mean buying a branded title is a great idea, or should you stay away from vehicles with branded titles?
Let's read on for more details!
What is a branded title?
Whenever you hear the term a branded title, it refers to a situation where the insurance company decides that the vehicle went through an incident involving a total loss. As a result, the vehicle was not safe to drive at some point.
There are many situations where a vehicle might have title branding, such as an incident where a vehicle was involved in a major car accident, water damage through rain or flooding, hail damage, etc.
Despite the reason why the vehicle was claimed as a total loss, it might end up in a situation where it has a title change or a branded title.
The vehicle will be branded if a good mechanic or a professional service fixes the car and has it back working and driving. This means that not every branded title indicates that the vehicle is bad. It could be a great potential for a huge money saver if you're looking to buy a used vehicle.
Asking yourself what the branded title means is extremely important because it could save you a ton from getting involved in buying vehicles from scammers with major problems. However, it could also mean that you're getting great deals, and you shouldn't be suspicious about the low price this vehicle is worth if you bring your mechanic to check it out.
Is a branded title OK?
A branded title could be just a label on the vehicle and might not mean anything when it comes to the vehicle test. In other words, the vehicle might be running perfectly and has no major problem. However, you must be aware of all potential negative consequences.
For example, the vehicle might look good for you in a general sense, but it could have some hidden problems. In other words, if you don't have the right mechanical experience add you try the vehicle and notice that it's just working fine, it doesn't have any weird noises or strange behaviors come it doesn't mean that the vehicle is problems-free.
If you're interested in buying a vehicle and think it's great but has a branded title, it might be worth investing in bringing in a professional with a better experience in checking on any potential hidden problems.
In most scenarios, some automotive experts recommend avoiding buying a vehicle with the branded title, but it's in some instances a great deal and a huge money-saving option. Once you do it right, and once you bring the right people to check it out.
What are the cons of a branded title?
Although there might be a great benefit from purchasing a branded title, there are some drawbacks that you have to be aware of before deciding to purchase a brand-new title or when dealing with a vehicle with a branded title and you're already owned.
Let's look at some of the cons of a branded title:
1. Hard to resell
The first and biggest drawback about owning a vehicle with a branded title is that you cannot sell it easily. Many people are skeptical about buying vehicles with weird titles, including the branded title. You'll find it very challenging to convince potential buyers to remove your vehicle, especially if you're posting it at a lower price
If you think about it, why would someone invest thousands of dollars on a vehicle that has a strange title?! Yes! The branded title might look strange to people because it's not the typical title they're looking for.
When someone buys a vehicle from a private buyer, they'll think about all the potential scamming approaches that you might be using, which is not surprising. Therefore, one of the first questions they will ask you is why your vehicle has a branded title and what happened to it previously?
Unfortunately, not everybody will be convinced of your answers, and once they know immediately that your vehicle is branded, they will probably walk away.
However, you should not discourage yourself from posting your vehicle on private websites. Still, you must be as clear as possible and mention in the description that your vehicle's title is branded. You don't necessarily have to start with this information in the first thing in your ad, but you should include it somehow.
By including this information in your vehicle's advertisement, you're saving yourself time and saving the time of people who are coming to buy your car. In addition, they will know at the end of the day that your vehicle cell is grounded.
2. Challenging to finance
Even if you found a potential buyer interested in you by your vehicle because of its great deal or for whatever reason, you'll find challenges in financing this vehicle.
Say that the potential buyer will buy your car, but he wants to finance it instead of paying it in cash. In that case, it will be very challenging to find a potential bank or lender to give you money to purchase this vehicle, considering that It has a branded title.
In most scenarios, people will not have the exact amount of cash to wire a vehicle and pay it in full. Most of them will require some financing, and this challenge could be a huge obstacle in selling your vehicle.
3. Challenges to insure
In addition to the complications, you'll deal with trying to find us this vehicle, you will also find it very hard to ensure this vehicle. Most insurance companies might feel worried about providing you service or ask you for higher premiums to allow you to join their policies because this car was involved in a major situation.
4. Expensive repairs
A lot of cars with branded titles might have significant problems. Yes, the mechanic will do his best to fix the vehicle and make it look as good as possible, but this doesn't guarantee that the vehicle is problem free.
You might deal with situations where there are some major problems in the core components like the engine transmission. In that case, you must consider the potential repair options and the expected repairs costs that will easily approach 75% or more of the vehicle's value.
Of course, this isn't very encouraging, especially if you're trying to sell this vehicle and convince potential private buyers to pick
What to do with my vehicle if it has a branded title?
If your vehicle ended up with a branded title for whatever reason, that's not the end because you can still sell the vehicle and use its value to buy our car.
You do have a lot of options to consider, but each one has its drawbacks to keep in mind:
1. Private buyers
As we mentioned, you can post your vehicle on classified websites like Craigslist or eBay motor. You'll find many potential private buyers interested in buying any vehicle. Of course, since you're trying to sell a vehicle with a branded title, you might need to drop the price slightly more than the typical sellers.
You also need to be clear about the vehicle situation and mention that the vehicle has a branded title. Otherwise, you will be wasting your time at the time of the potential buyers. They'll come to you and eventually know that the vehicle has a branded title.
You don't want to scam buyers because that's not the correct way of selling your vehicle, no matter what.
Although all dealerships are considered a good strong option for selling any vehicle, it can be challenging to convince them to buy your vehicle with a branded title. Infographic and still give it a try, especially if your vehicle has a lot of demand around your area for parts to placements.
The challenge with dealerships is that even if they're convinced to buy your car, they will not pay you whatever you are looking for. Typically, dealerships underestimate vehicles and consider additional costs and expenses, including their physical lot and the price for their labor, etc.
If you get to a point where no one is interested in buying your vehicle, you might want to consider junk yards. Junk yards are considered the final option for vehicles because they will buy your car no matter what you're. However, the biggest challenge about John cars is that they might not provide you with the best deal. Also, there might be a lot of scammers out there if you're not very familiar with the process.
If you decide to go this route, you must spend some time researching the best junkyard near you and learn about all potential scams before you move forward and select your final junkyard option.
4. Junk car buyers
As you might notice, most conventional options for selling cars might not work for dealing with Vehicles with branded titles. However, this doesn't mean that you're dealing with the end of the world because you still have a great option that provides you with all that you're looking for.
Did you know there are junk car buyers like cash cars who are willing to buy your car despite its size or condition? So even if you're dealing with a car with a branded title, Cash Cars Buyer can always help you.
Did you know that we even buy vehicles without titles at all?! Therefore, we highly encourage you to reach out to our team and provide them with some information about your vehicle, including the fact that it doesn't have a clean title. You can always find the solution and an option that works best to sell your vehicle for the most money and get rid of it fast!
Learning one or two about vehicle titles can help you save time and prevent dealing with car scams or any negative consequences.
This article walks you through all the details about a branded title. In short, the branded title changes the vehicle's title status from one to another because of an insurance decision after a major incident.
If your vehicle got a branded title for whatever reason, it doesn't mean that this is the end of the world, and it doesn't mean that you can't sell it for a really good price. However, you have to choose the right place to sell your vehicle to ensure you're getting the best value.
If you're looking to sell a car with a branded title, or if you ended up buying their vehicle and would like to get rid of it faster for the most money, you can always reach out to Cash Cars Buyer!
Cash Cars Buyer is one of the top-rated car removal companies in the nation that guarantees to pay you the top dollars and provide you with free towing despite your living location around the United States.
Our process is very straightforward and doesn't take more than a couple of days to get your car removed safely and for the most money.
All it takes you is to:
- Describe your car's type and condition
- Receive our instant free quote
- Accept the quote
- Get your car removed and receive your cash payment on the spot!
To learn more about our process and our team, you can reach out to us by calling us at (866) 924-4608 or by visiting our home page click on the free instant online offer.