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General Moto | Off-Topic Posts
Buy or No Buy Salvage-Titled Car?
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[QUOTE="robwbright, post: 1161916, member: 60515"] We didn't deal with salvage titles much at the dealership I worked at, but if I understand it right, a salvage title could also be a car that was totalled, recovered by the insurance company and resold. Since repairs generally cost so much, a salvage can [B]sometimes[/B] be a wreck that was serious body damage only - and thus, you could get a decent car cheap. I did sell a salvage title 84 Corvette with about 80,000 miles for $6,000.00 (that car would have been worth $10,000.00 plus if not salvage). The car ran great and had a straight frame, but the body work was pretty crappy if you looked at it up close. However, from 15+ feet away you'd have never known - and most people wouldn't have known up close unless you pointed the problems out to them. A salvage title lowers the value of the car by a large percentage, so buy it right (if it checks out) - you'll have trouble selling it. Thus, you might want to plan on driving it for awhile. I would guess you could find out from the previous insurance company and/or police reports how badly it was banged up or if it was stolen. A competent mechanic could tell you whether the frame is straight, etc. . . obviously, don't use the dealer/seller's guy for this. [/QUOTE]
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MX, SX & Off-Road Discussions
General Moto | Off-Topic Posts
Buy or No Buy Salvage-Titled Car?
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