Rebuilt titles are great. My parents have a Ukranian mechanic that rebuilds them, and they have always shopped with him. They buy cars almost new and run them into the ground.
Their latest purchase - Nissan Sentra, the highest model they make (SV?) with leather, GPS, bluetooth, rear camera, etc etc
They got theirs rebuilt title for $13,000 cash. It had 3,000 miles on the clock, smelled and looked brand new, and still had the dealer sticker in the glove compartment.
Sticker price on that car? $25,000 with all the options. As far as anyone is concerned, it's a brand new car.