wnaplay1647545503 Posted December 11, 2006 Report Share Posted December 11, 2006 Its no mystery you can save alot of money on buying something that has a salvage title. Are you leary about buying something with one? What is your reasoning? Quote Link to comment Share on other sites More sharing options...
Guest powers Posted December 11, 2006 Report Share Posted December 11, 2006 The reasoning is use of the car and inspection by myself to determine the extent of what the damage was and to see if it was repaired correctly. There are many reasons a car can be deemed salvage. It is a per car basis and in my opinion only people who understand this and are able to inspect the car and make a reasonable decision based on that should buy them. Quote Link to comment Share on other sites More sharing options...
NOS50 Posted December 11, 2006 Report Share Posted December 11, 2006 Depends on what kind of car and why it has a Salvage title.It would also depend on what you were going to do with the car.A buddy of mine bought a 4x4 Dodge Cummins pickup that had a salvage title from an accident.He saved a TON of money and since he said he was never going to sell the truck the salvage title didn't bother him.I would NEVER buy a flood car. Quote Link to comment Share on other sites More sharing options...
Big A Posted December 11, 2006 Report Share Posted December 11, 2006 i hear you cant get a loan... after i was told that i didnt even bother. Quote Link to comment Share on other sites More sharing options...
baron_ Posted December 11, 2006 Report Share Posted December 11, 2006 powers said it well depends why it was salvaged if it was a simple reason - doesn't matter I had a 1967 Grand Prix, 350 HP 4 spd - neat car It was a salvage title because in the early 80's someone dented the rear bumper. The rear bumper for that car is almost $500. For a car that was worth $1,000 back then - insurance paid the car off and made it a salvage title Like NOS50 said - really depends... However, regardless - you have to think about resale You might believe the story on why it's a salvage title, but would the next buyer? Resale will definitely be hurt if you resell a lot of the vehicles you buy, and quickly...it's something to take into account So, if you're going to buy to use and you don't think the salvage was a problem - it's worth it If you buy/resell your vehicles every few years and might have to dump some money into this one to get it right or maintain it - might not be worth it cuz you won't get the $ back out Quote Link to comment Share on other sites More sharing options...
RS69 Posted December 11, 2006 Report Share Posted December 11, 2006 I would only buy a salvage title car if it was cheap and not repaired. I would repair it myself, so I know what the damage was. I agree with NOS50, I would never buy a flood vehicle. Quote Link to comment Share on other sites More sharing options...
Dave1647545494 Posted December 11, 2006 Report Share Posted December 11, 2006 flood cars not to bad if you want a clean shell but you'd need to redo everything else most cars salvage out becuase the repair exceedes the value of the car on an old car that could be a dent or a scratch on a new car it usually means a heavy hit or flood damage always carefully inspect a salvage title car before a purchase, I wouldn't hesitate to buy one if all the damage had been repaired properly Quote Link to comment Share on other sites More sharing options...
BloodRed Posted December 11, 2006 Report Share Posted December 11, 2006 It wouldn't bother me if it was a project car. But I require dependablity in my daily drivers, so I normally wouldn't go that route. Quote Link to comment Share on other sites More sharing options...
nicktcfcsb Posted December 11, 2006 Report Share Posted December 11, 2006 Great deal if your buying a toy/race car project car. Lots of cars get needlessly totaled due to high airbag cost and paint work from a body shop..with ebay most of those cars can be fixed for half of the original totaling cost Quote Link to comment Share on other sites More sharing options...
Ziggy1647545504 Posted December 12, 2006 Report Share Posted December 12, 2006 Check with your insurance carrier, some insurance companies won't insure any salvage titled vehicle for anything more than strictly liability at state minimums. Resale is HUGE! If it carries a salvage brand on the title, you can expect that the retail value of the vehicle is about half of the clean titled equivalent vehicle. For a project/trail/race car, it's probably not a bad way to go. If you're gonna be driving it regularly, do yourself a favor and find someone you trust to inspect it very carefully. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 12, 2006 Author Report Share Posted December 12, 2006 I was thinking of looking into bikes with salvage titles. Quote Link to comment Share on other sites More sharing options...
Kohones Posted December 12, 2006 Report Share Posted December 12, 2006 my .02??? I doubt I'd consider a car with a salvage title & agree with all of the earlier posts / regarding a bike???? NO WAY would I buy one that has a salvage title, why?? They've got 2 wheels, small frame, if it's got a salvage title I'm not putting my fat ass on it, driving somewhere & have it malfunction when I'm doing 35 mph +++ Only (possible) exception might be an off road dirt bike & even then I'm just not comfortable with this scenario. If I purchased another bike I'd pay the price for one not messed up rather than "searching for the ultimate deal on a salvaged one" - Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.