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Look into your state laws about registration and call your insurance about coverage for a vehicle with a rebuilt title. Are you paying cash for this? I would be doubtful any bank would lend against this truck. If you are paying cash, use it as a down payment on something better, and have a small note to help with your credit.

just saw your on Texas, ask the current owner if they have passed the mandatory safety inspection and filled out form VTR-61. They may have already done this but it’s still good to confirm.

 
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