So tell me...how bad is it to buy a salvage, insurance settlement, or flood car?

Pretty bad, I would pay about half price or less compared to a clean-titled vehicle. Financing and insuring salvage vehicles is also cumbersome in a lot of states.

Depends on the type of salvage. Freshwater floods below dash level are easier to deal with than saltwater or floods above dash. Expect to replace a lot of electronic sensors/wiring. Rebuilt titles usually are OK but once again it depends. Salvage title due to theft sometimes is OK, depends on how and why they stole it. If it was just towed/stripped then not so bad, if it was driven and stripped then you don't know what kind of potential engine damage there may be (most thieves are NOT kind to engines while drive...obviously). Don't buy anything that was in a fire or saltwater flood or flood above dash..just not worth it. Also you cannot finance a salvage vehicle and may have trouble titling or insuring one. Some states require you to be a licensed rebuilder before you can apply for a rebuilt title or register the vehicle.

Thanks, that helps a lot. I keep seeing ads for flood cars and the like, but wasn't sure what I'd be getting in to.

it could be fine or.........BAM! hepres.

id avoid.

I would never buy a flood car....think about it....go put your laptop in the bath tub....dump in some table salt.....let it sit for a day or so... now pull it out, dry it out, and now fire it up and see what happens....

cant be good....

now a salvage from a wreck... I would just want to see pics of what it looked like in the wreck, that way I would know were to look for problems...

In a word: yes.

If your rebuilt salvage titled vehicle is totalled again in a wreck or whatever, expect only about 50% of regular value from your insurance company too. Risky proposition.

If your rebuilt salvage titled vehicle is totalled again in a wreck or whatever, expect only about 50% of regular value from your insurance company too. Risky proposition.

that kind of depends on the insurence company....but yes...you wont get as much if it wasnt salvage already...

some states...if you total a car and buy it back from the insurece company it dosnt hold a salvage title...and you can rebuild it and have a clean title...think about that the next time you buy a used car with a clean title.......

Hi

Besides not being able to afford a non salvage BMW what are you going to use to fix the problems that come from no where??
You would be better off buying a lessor car without all the baggage. Your not impressing anybody so the only person that you should care about is your pocketbook.

And leave the salvage and water cars for the pro's.

Good Luck