California Salvage Title
07-20-2016, 01:19 PM
#1
Track Day
Thread Starter
California Salvage Title
Hi Guy's ,
Hoping to get some input from the collective.
I am being offered ( at a good price) a 1969 912 Sunroof 4 speed that has
a California Salvaged Title.
12 years ago the car was hit on the drivers side front fender and door.
The Claims department at 21st Century Insurance decided to total the
Car because the repair (9K) was more then they perceived the value of the Car.
The owner was paid 10K and then offered the Car for 0 dollars.
He then had the Door, Fender replaced and everything that was needed was
repaired by a professional shop. He decided to have the car painted a 1998 Boxster
color. The car was aligned and the car has been driven 20K miles since.
The Car has recently had the original motor rebuilt and everything runs and drives
well. If I purchase the car I plan on having the Car repainted a 1969 color and anything needed will be repaired.
I understand that Totaling a car was a pretty common occurrence when the repair was more the the cars value.
How much will this effect the value of the car if I decide to sell later on.
Also I have a friend in Germany that I may ship the Car to so we both have a Car to drive when we visit. Will they allow the Car into the country with a Salvage Title
even though it has been thoroughly sorted (Written Proof).
I don't want to get too upside down. Thanks in advance for any input and thoughts.
Bob
Hoping to get some input from the collective.
I am being offered ( at a good price) a 1969 912 Sunroof 4 speed that has
a California Salvaged Title.
12 years ago the car was hit on the drivers side front fender and door.
The Claims department at 21st Century Insurance decided to total the
Car because the repair (9K) was more then they perceived the value of the Car.
The owner was paid 10K and then offered the Car for 0 dollars.
He then had the Door, Fender replaced and everything that was needed was
repaired by a professional shop. He decided to have the car painted a 1998 Boxster
color. The car was aligned and the car has been driven 20K miles since.
The Car has recently had the original motor rebuilt and everything runs and drives
well. If I purchase the car I plan on having the Car repainted a 1969 color and anything needed will be repaired.
I understand that Totaling a car was a pretty common occurrence when the repair was more the the cars value.
How much will this effect the value of the car if I decide to sell later on.
Also I have a friend in Germany that I may ship the Car to so we both have a Car to drive when we visit. Will they allow the Car into the country with a Salvage Title
even though it has been thoroughly sorted (Written Proof).
I don't want to get too upside down. Thanks in advance for any input and thoughts.
Bob
07-20-2016, 07:02 PM
#2
Rennlist Member
In the collector market, I would completely stay away from anything totaled/salvage title. Too many stories when it comes time to sell. A salvaged title could reduce value to half of the same car with a clean title.
On the other hand, if it's being offered at enough discount, it might be fine for a daily driver to play with, with no regard to market value. Photo documentation of the damage and subsequent repairs would be paramount in either case for my own satisfaction.
On the other hand, if it's being offered at enough discount, it might be fine for a daily driver to play with, with no regard to market value. Photo documentation of the damage and subsequent repairs would be paramount in either case for my own satisfaction.