Should You Buy a Theft-Recovered Vehicle?
Buying a theft-recovered vehicle can be an incredible way to save on quality. That’s because theft recovery title vehicles have seen their values drop from receiving a branded title due to theft, and a branded title due to theft recovery has a good chance of only having received a branded title for technical rather than material reasons. If this all sounds confusing, keep reading for a breakdown of everything you need to know.
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What is a Branded Title?
Before we get into the semantics of theft recovery titles or go over the benefits of buying a theft recovery vehicle, you should know what a branded title is. The reason that many theft-recovered vehicles are so affordable is because an insurance company has given them a branded title due to theft.
When a vehicle undergoes an insurance incident, the insurer may give it a branded title, which traditionally indicates that the vehicle is not worth the cost of repairs caused by the insurance incident. That said, titles can be branded for any number of reasons that don’t necessarily reflect the condition of the vehicle, and this is especially true for branded title vehicles due to theft recovery.
Do All Stolen Vehicles Receive Branded Titles?
No, but a stolen vehicle has strong odds of becoming a branded title. The important thing to note is that, while a vehicle that has received a branded title due to theft recovery is likely still in great condition. This is especially true when you consider that several states slap a theft-recovered branded title stamp on any vehicle that’s been stolen, drastically decreasing its value regardless of the condition it’s in. These states include:
- Arizona
- Florida
- Georgia
- Illinois
- Maryland
- Minnesota
- New Jersey
- New Mexico
- New York
- Oklahoma
- Oregon
If you don’t live in one of the aforementioned states, theft recovery title vehicles are still excellent options. That’s because most insurance companies have a narrow window of time for a stolen vehicle to be recovered before it’s deemed a complete loss. What does this mean for you? When you shop for vehicles that had a theft recovery title, you’re going to have plenty of nearly-new options with much cheaper price tags.
Get Help Buying a Theft-Recovered Vehicle for Less
If you’re interested in the savings of a vehicle with a branded title vehicle due to theft recovery, let AutoSavvy help you find a theft recovery title in excellent condition for jaw-dropping prices. We have locations all over, from Colorado Springs to Clearwater to Boise to Las Vegas and many more. Check out all of our locations to find the AutoSavvy dealership closest to you.
If you have other questions about vehicles with branded titles due to theft or any other reason, you can explore our branded title research guides for informative overviews of rebuilt titles and more!
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