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SVTPerformance's Chain of Restaurants
Road Side Pub
Salvage Title Car: Anybody with any experience?
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<blockquote data-quote="ElCoyote" data-source="post: 15382108" data-attributes="member: 170024"><p>To begin, no one buys a car because it's a "good investment". You only lose value on a regular car with age and mileage, whether salvage or not. (Unless you own a Terminator of course, they are exempt.. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /> haha)</p><p></p><p>I just recently (few months back) purchased a 2015 Ford Fiesta with 7,4XX original miles for $6,200 cash and it is about as clean as any other 2015 on the road. (Had the brakes and light cert. done on it + registration fees) Also Purchased (about half a year back) a 2014 Honda CRV with 9,1XX original miles for $11,000 cash (brakes and lights cert already included along with CHP verification). BOTH of these vehicles hold a salvage title and are in PRISTINE condition. Perfectly aligned, no lights, no problems, nothing.</p><p></p><p>I've been around the salvage vehicle game and repair game since i was in my very early teens due to how my father used to do this as a side business buying from Mercury Insurance salvage auctions up until around 2007-2008. If you know what you're looking for (<strong>extent of damage and whether or not a frame rail was ever affected/ how much it was affected/ how good the repair job is</strong>) then these vehicles are an absolute bargain. </p><p></p><p>[ATTACH]71560[/ATTACH]</p><p></p><p>100% insurable and in a worst case scenario the insurance company will pay out 20% - 25% less for a car with a salvage title when compared to another car that does not hold one. (Negotiable with adjuster based on multiple variables. #AlwaysKeepRecentPhotosOfYourCars)</p><p></p><p>WITH THAT SAID, certain vehicles (like the one question) should require MUCH MORE inspection and caution as for they are not as straight forward and simple as most other cars. The idea of the cost of a Prius battery alone is scary to me.</p><p></p><p><strong>In addition to this</strong>, MY OWN 2011 5.0 holds a salvage title. I purchased it over three years ago with 6,XXX original miles for $18,000 cash. No lights, not a single problem, and 100% stock. I've drag raced this thing at AAA Dragway dozens of times and I treat the thing like any other car. Oil changes and regular maintenance. 51,XXX miles on it today with no issues to speak of [not a single one coming from the MT-82 either <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /> ] Do you think I wont be able to sell this thing (after returning it to stock) to someone for $11,000 a year or two from now? HA! In Southern CA where rust doesn't exist, of course i will!</p><p></p><p>[ATTACH]71561[/ATTACH]</p><p>^Purchased Early-Mid 2013.</p><p></p><p>Summing this up, if you know what to look for, and you know what you're talking about, Great quality Salvage Title vehicles CAN be had for a bargain. For those inexperienced with overall vehicle body I suggest you either bring an expert or look elsewhere.</p></blockquote><p></p>
[QUOTE="ElCoyote, post: 15382108, member: 170024"] To begin, no one buys a car because it's a "good investment". You only lose value on a regular car with age and mileage, whether salvage or not. (Unless you own a Terminator of course, they are exempt.. ;) haha) I just recently (few months back) purchased a 2015 Ford Fiesta with 7,4XX original miles for $6,200 cash and it is about as clean as any other 2015 on the road. (Had the brakes and light cert. done on it + registration fees) Also Purchased (about half a year back) a 2014 Honda CRV with 9,1XX original miles for $11,000 cash (brakes and lights cert already included along with CHP verification). BOTH of these vehicles hold a salvage title and are in PRISTINE condition. Perfectly aligned, no lights, no problems, nothing. I've been around the salvage vehicle game and repair game since i was in my very early teens due to how my father used to do this as a side business buying from Mercury Insurance salvage auctions up until around 2007-2008. If you know what you're looking for ([B]extent of damage and whether or not a frame rail was ever affected/ how much it was affected/ how good the repair job is[/B]) then these vehicles are an absolute bargain. [ATTACH]71560.vB[/ATTACH] 100% insurable and in a worst case scenario the insurance company will pay out 20% - 25% less for a car with a salvage title when compared to another car that does not hold one. (Negotiable with adjuster based on multiple variables. #AlwaysKeepRecentPhotosOfYourCars) WITH THAT SAID, certain vehicles (like the one question) should require MUCH MORE inspection and caution as for they are not as straight forward and simple as most other cars. The idea of the cost of a Prius battery alone is scary to me. [B]In addition to this[/B], MY OWN 2011 5.0 holds a salvage title. I purchased it over three years ago with 6,XXX original miles for $18,000 cash. No lights, not a single problem, and 100% stock. I've drag raced this thing at AAA Dragway dozens of times and I treat the thing like any other car. Oil changes and regular maintenance. 51,XXX miles on it today with no issues to speak of [not a single one coming from the MT-82 either ;) ] Do you think I wont be able to sell this thing (after returning it to stock) to someone for $11,000 a year or two from now? HA! In Southern CA where rust doesn't exist, of course i will! [ATTACH]71561.vB[/ATTACH] ^Purchased Early-Mid 2013. Summing this up, if you know what to look for, and you know what you're talking about, Great quality Salvage Title vehicles CAN be had for a bargain. For those inexperienced with overall vehicle body I suggest you either bring an expert or look elsewhere. [/QUOTE]
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Salvage Title Car: Anybody with any experience?
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