You discovered the ideal car at a price far lower than you had anticipated. You research the car's details before making the purchase and, to your astonishment, learn that it has a branded title. What does that signify, and does it ruin the deal?

A branded title buyback lemon is one that was returned to the manufacturer through the vehicle buyback program due to substantial damage, problems with the odometers, or a defect. Even though buying a car with a branded title can be quite affordable, there are some disadvantages to be aware of.

Should you purchase a car with a branded title?

If you are still unsure about whether you should buy a car with a branded title certificate, weigh the benefits and drawbacks of doing so.

The market provides the following benefits for branded title vehicles:
1. The chance to pay less than for brand-new or cars with clear titles
2. The chance of discovering a car with minimal damage

But branded title cars usually have the following drawbacks too:

Possibility to ignore the damage that could be dangerous
Possibly expensive repair costs
Potential issues with getting new insurance 

For a large part, the bad press surrounding branded titles is in reference to the unfortunate instances where an insurance company devalues a perfectly good automobile. Sometimes the meaning of a branded title for a prospective automobile buyer gets mixed up with the negative associations for owners of branded vehicles.
What impact would a branded title have on the car's value?

Already, cars are assets that lose value over time. Although it is not as detrimental to the automobile's worth as a salvage title, a branded title buyback lemon car loses value permanently. Nevertheless, it further lowers the worth of your used car. A car would typically lose 20–40% of its value.

For more information, log in to https://www.allenstewart.com/.

About the company

The Allen Stewart law firm has extensive knowledge in all areas of vehicle fraud. Their attorneys are familiar with state-specific lemon laws and specialize in handling situations involving lemon laws. In addition, Allen Stewart may help with cases involving branded tile buyback lemon cars.

Contact

Address: 1700 Pacific Avenue Suite 2750 Dallas, Texas, 75201
Phone: 214-965-8700; 866-440-2460
Website: https://www.allenstewart.com/