Joe H Review of Prestman Auto
This post is a warning. I have bought three cars f...
This post is a warning. I have bought three cars from these guys. The first one I got in an accident and it was totaled. So I went back and got a second. I thought I had found the holy Grail for getting cheaper nice cars. I even went and got my wife a car when we got married. The dealership is very nice and the people are very nice, but they don't tell you that you're making a very very bad financial decision. You save a few thousand by buying a rebuilt title, this is true. You also lose HALF the value of the car as soon as you buy it. They have special relationships with Banks to get more financing on a rebuilt title than you possibly could as a consumer. I found this out when the car I bought for my wife wasn t big enough to fit a baby seat in the back, and we went to try and sell her car. Did you know that banks will look up the NAD a value of your car and then half it 50% because it has a rebuilt title? That means that anybody that tries to buy it or trade it into a dealership they will literally give you half of the value. So I bought a $20,000 car that was 3000 less than what I could have got a clean title and when I drove it off the lot the value dropped to 10,000 Instantly. Even press mean almost gave me half of the value of my car after I had bought it from them. They used the rebuilt title as a reasoning for it being less value, but they did not say anything about that when they were selling it to me. So I took a monster hit on the second car I bought and the third car I can t even give away at this point. I would highly advise everybody to not buy a rebuilt title no matter how well it was rebuilt. You literally are throwing half of the value of your car away as soon as you drive it off the lot. In the long run it ends up being more money by a decent amount.
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