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I've sometimes considered this route. The thing that holds me back is that I am so anal about my cars, that if a panel didn't line up right or something of that ilk, it would drive me insane.
Also, I don't keep cars for more than 4 or 5 years, and the branded title makes them nearly un-sellable. But, if planning on keeping it for the long run, this wouldn't really be an issue.
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