What's it worth? - 99 996 C2 Cap Tip 105K Salvage
01-26-2015, 10:39 PM
#17
Rennlist Member
Thanks for the responses all.
I'm thinking if the PPI works out offering $6k and maybe willing to go as high as $8k.
I understand that for 15K I can get a clean title car, but often, at least in my area that car doesn't have the IMS done. Which means it's an 18k car.
I'm thinking salvage saves me 50% and if the car takes a dump in 5k miles, I can likely offload it for $3-5K in non-running condition.
Wish me luck.
I'll keep this thread updated as I go through the process.
I'm thinking if the PPI works out offering $6k and maybe willing to go as high as $8k.
I understand that for 15K I can get a clean title car, but often, at least in my area that car doesn't have the IMS done. Which means it's an 18k car.
I'm thinking salvage saves me 50% and if the car takes a dump in 5k miles, I can likely offload it for $3-5K in non-running condition.
Wish me luck.
I'll keep this thread updated as I go through the process.
It might not be the way I'd go, but hard to get hurt too bad when you have that little invested and can get nearly that much from the carcass or by parting it out.
01-27-2015, 01:22 AM
#18
a running salvage title car is never going to drop below auction type value for wrecked cars... so in that respect, 6k is out of the question. figure 8k if you are lucky. 9-10k is more likely. break up value of that car is much more than that.
01-27-2015, 01:52 AM
#19
Three Wheelin'
I owned four salvaged cars so far. It is a great way to get a car at 1/2 of the regular price for the non-salvaged car.
With older cars, a broken headlight and a door dent will force the insurance company to salvage the car due to body shop rates. Offer $7k for the car and you are covered. If it ****s on you, you can part it out and make ALL of the money back.
With DDs and older cars, salvage title is a way to go. If you intend to keep the car for a few years at least, salvage title is a great option to buy a good car for little cash.
With older cars, a broken headlight and a door dent will force the insurance company to salvage the car due to body shop rates. Offer $7k for the car and you are covered. If it ****s on you, you can part it out and make ALL of the money back.
With DDs and older cars, salvage title is a way to go. If you intend to keep the car for a few years at least, salvage title is a great option to buy a good car for little cash.
01-27-2015, 05:07 AM
#20
Rennlist Member
01-27-2015, 08:39 PM
#22
Team Owner
With older cars, a broken headlight and a door dent will force the insurance company to salvage the car due to body shop rates. Offer $7k for the car and you are covered. If it ****s on you, you can part it out and make ALL of the money back.
With DDs and older cars, salvage title is a way to go. If you intend to keep the car for a few years at least, salvage title is a great option to buy a good car for little cash.
01-27-2015, 10:02 PM
#23
01-27-2015, 10:43 PM
#24
Burning Brakes
Never buy a salvage title Porsche ... That's my rule.
I know where a solid C2 cab is with a clean and clear title for 12k. Needs a cracked head repaired. Other than that it's a solid car that just needs some interior trim pieces replaced.
I know where a solid C2 cab is with a clean and clear title for 12k. Needs a cracked head repaired. Other than that it's a solid car that just needs some interior trim pieces replaced.
01-28-2015, 12:04 PM
#25
Race Director
I owned four salvaged cars so far. It is a great way to get a car at 1/2 of the regular price for the non-salvaged car.
With older cars, a broken headlight and a door dent will force the insurance company to salvage the car due to body shop rates. Offer $7k for the car and you are covered. If it ****s on you, you can part it out and make ALL of the money back.
With DDs and older cars, salvage title is a way to go. If you intend to keep the car for a few years at least, salvage title is a great option to buy a good car for little cash.
With older cars, a broken headlight and a door dent will force the insurance company to salvage the car due to body shop rates. Offer $7k for the car and you are covered. If it ****s on you, you can part it out and make ALL of the money back.
With DDs and older cars, salvage title is a way to go. If you intend to keep the car for a few years at least, salvage title is a great option to buy a good car for little cash.
The car was a flood vehicle. At 20K miles.
That it has gone another 85K miles is perhaps a plus but the car is still a salvaged vehicle. I would still give it a miss. With so many cars without a salvage title to chose from why bother?
02-02-2015, 02:00 AM
#26
5th Gear
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Well - I drove it yesterday. Car's in pretty good shape by my eye ball.
Brought my mechanic buddy who thought the engine had a slight tick. He thought it was an exhaust manifold leak?
Tires only had 500 miles, brake pads were REALLY thick and the rotors seemed a bit scalloped.
Paints in pretty good shape, but has some cracking. It is 15 years old.
Convertible mechanism tested and working, no water leaks, but the soft top has some issues inside.
Couple of paint dings, but nothing dented. Couple of paint scratches on the hard top as well.
Waiting on their availability to drop off the car for PPI. Found a good mechanic 10 minutes from their house.
I told owner I'd be @ 60% of asking, he came back @ 80% and I basically said it's good to see we're flexible... Seems we'll be between 65% and 75% of asking.
I could get a good deal on this if the PPI goes well... We'll see.
More updates to come.
Brought my mechanic buddy who thought the engine had a slight tick. He thought it was an exhaust manifold leak?
Tires only had 500 miles, brake pads were REALLY thick and the rotors seemed a bit scalloped.
Paints in pretty good shape, but has some cracking. It is 15 years old.
Convertible mechanism tested and working, no water leaks, but the soft top has some issues inside.
Couple of paint dings, but nothing dented. Couple of paint scratches on the hard top as well.
Waiting on their availability to drop off the car for PPI. Found a good mechanic 10 minutes from their house.
I told owner I'd be @ 60% of asking, he came back @ 80% and I basically said it's good to see we're flexible... Seems we'll be between 65% and 75% of asking.
I could get a good deal on this if the PPI goes well... We'll see.
More updates to come.
