Quote:
Originally Posted by zx10guy
Absolutely, I just didn't get into more details around what a branded title means. I was facing this decision with my car. The car was great. Cheap and reliable. But I knew the next set of things I had to do to the car would involve a suspension overhaul due to age and mileage plus Progressive giving me such a high payout on a car with 185,000 miles on it, I decided to take the money and run.
I also did check with my insurance, State Farm, on what the implications would be if I decided to repair the car. My agent said I would still be able to maintain my current coverage.
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Yeah, I think I'd only do it if the car really meant something special to me, and if I was pretty sure I was keeping it forever. Otherwise I'm not sure it'd be worth the hassle of trying to sell it one day, and there's the possibility you'd couldn't sell it for enough to recoup the money you spent repairing it.
That being said, I've never dealt with a branded title, so maybe it's not as bad as I'm thinking. Everything I've ever read about it pretty much boiled down to "don't", lol.