View Full Version : Salvaging


CGDoig
10-20-2005, 11:39 PM
Whats wrong with a slavage title? (besides the obvious it was in an accident). anything else? The car was smoked drivers side fender, looks good as new now.

The Beastmaster
10-21-2005, 12:56 AM
To most people and your insurance company, your car will be worth diddly squat.

bennetts22
10-21-2005, 12:17 PM
yes they will be worth less but if it was a good repair not to worry. some people cant afford mint cars. And the car doesnt know what kind of title it has when driving down the road. Put it this way i have a 1990 M3 No body fillers all new panels and completely rust free. Car has a fully built 2.5L that will take down E36 M3's all day long. Yes it has a salvage title but I did the repair and know it was fixed correctly. I also have only 7500.00 Invested and race it all the time and have never had a single problem. Rare cars insurance will pay out. I totaled my M coupe and blue book was 23k I got 29500 for it in a heart beat when they looked in replacing a Estorlial Blue two tone. I hope this helps

///MLust
10-21-2005, 03:11 PM
Try to find out what kind of damage it had when it was totaled, frame damage, roof damage, etc. Get a good pre-purchase inspection. If it has been repaired very well then I would go for it, it will be worth a lot less if you try to sell it but its also less to buy. Before you do buy it find an insurance company that will insure it, many wont.

bennetts22
10-21-2005, 03:22 PM
Insurance company's dont even know what the title states enless you total it then they get the title from you. My Insurance cost 116.00 a year for full coverage on my M

seven217
10-21-2005, 04:28 PM
I pay that almost every month. :eek: But if it's a car you can fix and owning it is more important than selling it, why not take the discount. Mine was wrecked and still has a clean title because I did the work. I'll never let it go either way. Trade in or resale value don't come close to what that car is worth to me.

OPTIMO
11-01-2005, 04:23 PM
Maybe if it was a track only car and the frame tested out ok. That's about it.

needle332rur
11-09-2005, 03:48 PM
my rule of thumb is, if the repair was in the front mostly and you can see that it hasen't been just thrown back together you'll be golden. But ever car is different.

Just remember that the Blue Book value on our cars is much lower than the true value, so if a $10,000 e30 m3 is crashed up the insurence will only pay up to the book value of 4000 - 6000. If the car needs a bumper and a fender that could easily make the repair over the Blue book value. Blue book values and insurence companies work great till the car is older then ten years old and they consider it worthless. God i hate Capitalism sometimes!