718 Spyder Salvage Title — Offer?
#16
Rennlist Member
#17
RL Community Team
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#18
Drifting
I wouldn't do it but it's not as bad as it looks IMO. That's a hard hit. It's in deep and Porsche likely wouldn't sell the structural components they needed behind the outer sheet metal to anyone but a certified shop, so they probably repaired the structure, or use used parts from another write off. There actually is a long way to go on a hit like that before it makes it into the inner aluminum structure so it may not have made it to the floor of the car. As far in as it is that plastic panel being bent like that makes it look worse than it likely is IMO. 49g USD for repairs sounds about right to me, canadian I was thinking under 60g and that thing would be a struggle to get written off.
But it's not a crazy hit, nor is it guaranteed they didn't do it with care and attention. They spent 26g (or so tehy claim) on a job that should have taken 49g, but that it totally within the realm of possible for someone in the industry to fix 'properly' outside of insurance. If a Porsche bodyshop took off that side skirt and put it on a hoist and didn't see any red flags knowing how it was hit, I'd say it could be worth the risk, if it was the right price...... But it's not the right price.
What I honestly like the least about that hit is how the trunk fits. It got put way out of alignment and closed the gaps on the driver side. Why? The worry is the structure was moved enough to move where that trunk's hinges mount to.
I don't know how taboo write offs are in your area, but in Canada I've fixed some and they're super hard to sell, even cheap ones where you'd think people are ok if it's a good deal. I did a low km 2-3 year old tucson in mint condition with only 3g in damage but it was flagged as a salvage title (because some nut job threw flaming gas on the hood and melted the bug deflector onto the bumper and headlight and all burn vehicles generally get written off instantly), and that thin was 42g new here, and I sold it for $15,500, when the next cheapest tucson was 24g and a POS. That's the most I could get for it and is why I very rarely ever buy a write off to fix and when I do it's stuff like that tucson that is a one off that got written off for almost no damage. The thing is banks won't touch them for financing, so they're basically worthless to dealerships. And with most people financing even their lunch, very few people actually pay cash for a car or can. Even if that thing was 70g USD I wouldn't touch it. They paid too much for it and got too greedy with selling it, or took way too long to fix it.
Last edited by Zhao; 12-07-2022 at 10:56 PM.
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mojo12345 (12-08-2022)
#20
Response
perfect thx.
I wouldn't do it but it's not as bad as it looks IMO. That's a hard hit. It's in deep and Porsche likely wouldn't sell the structural components they needed behind the outer sheet metal to anyone but a certified shop, so they probably repaired the structure, or use used parts from another write off. There actually is a long way to go on a hit like that before it makes it into the inner aluminum structure so it may not have made it to the floor of the car. As far in as it is that plastic panel being bent like that makes it look worse than it likely is IMO. 49g USD for repairs sounds about right to me, canadian I was thinking under 60g and that thing would be a struggle to get written off.
But it's not a crazy hit, nor is it guaranteed they didn't do it with care and attention. They spent 26g (or so tehy claim) on a job that should have taken 49g, but that it totally within the realm of possible for someone in the industry to fix 'properly' outside of insurance. If a Porsche bodyshop took off that side skirt and put it on a hoist and didn't see any red flags knowing how it was hit, I'd say it could be worth the risk, if it was the right price...... But it's not the right price.
What I honestly like the least about that hit is how the trunk fits. It got put way out of alignment and closed the gaps on the driver side. Why? The worry is the structure was moved enough to move where that trunk's hinges mount to.
I don't know how taboo write offs are in your area, but in Canada I've fixed some and they're super hard to sell, even cheap ones where you'd think people are ok if it's a good deal. I did a low km 2-3 year old tucson in mint condition with only 3g in damage but it was flagged as a salvage title (because some nut job threw flaming gas on the hood and melted the bug deflector onto the bumper and headlight and all burn vehicles generally get written off instantly), and that thin was 42g new here, and I sold it for $15,500, when the next cheapest tucson was 24g and a POS. That's the most I could get for it and is why I very rarely ever buy a write off to fix and when I do it's stuff like that tucson that is a one off that got written off for almost no damage. The thing is banks won't touch them for financing, so they're basically worthless to dealerships. And with most people financing even their lunch, very few people actually pay cash for a car or can. Even if that thing was 70g USD I wouldn't touch it. They paid too much for it and got too greedy with selling it, or took way too long to fix it.
I wouldn't do it but it's not as bad as it looks IMO. That's a hard hit. It's in deep and Porsche likely wouldn't sell the structural components they needed behind the outer sheet metal to anyone but a certified shop, so they probably repaired the structure, or use used parts from another write off. There actually is a long way to go on a hit like that before it makes it into the inner aluminum structure so it may not have made it to the floor of the car. As far in as it is that plastic panel being bent like that makes it look worse than it likely is IMO. 49g USD for repairs sounds about right to me, canadian I was thinking under 60g and that thing would be a struggle to get written off.
But it's not a crazy hit, nor is it guaranteed they didn't do it with care and attention. They spent 26g (or so tehy claim) on a job that should have taken 49g, but that it totally within the realm of possible for someone in the industry to fix 'properly' outside of insurance. If a Porsche bodyshop took off that side skirt and put it on a hoist and didn't see any red flags knowing how it was hit, I'd say it could be worth the risk, if it was the right price...... But it's not the right price.
What I honestly like the least about that hit is how the trunk fits. It got put way out of alignment and closed the gaps on the driver side. Why? The worry is the structure was moved enough to move where that trunk's hinges mount to.
I don't know how taboo write offs are in your area, but in Canada I've fixed some and they're super hard to sell, even cheap ones where you'd think people are ok if it's a good deal. I did a low km 2-3 year old tucson in mint condition with only 3g in damage but it was flagged as a salvage title (because some nut job threw flaming gas on the hood and melted the bug deflector onto the bumper and headlight and all burn vehicles generally get written off instantly), and that thin was 42g new here, and I sold it for $15,500, when the next cheapest tucson was 24g and a POS. That's the most I could get for it and is why I very rarely ever buy a write off to fix and when I do it's stuff like that tucson that is a one off that got written off for almost no damage. The thing is banks won't touch them for financing, so they're basically worthless to dealerships. And with most people financing even their lunch, very few people actually pay cash for a car or can. Even if that thing was 70g USD I wouldn't touch it. They paid too much for it and got too greedy with selling it, or took way too long to fix it.
Thank you for your feedback. You put some time into it. I have purchased a salvage in the past and it was a bit of a headache and still is. The car is great but struggling to get it titled. But what made it ok with me is the car was 30k so I wasn’t taking that big of a hit. I know most won’t take the chance on a salvage but I wanted to see people’s reactions on a salvage here. I can get stuck with a 30k car but I can’t with a 65k to 100k purchase. We are also dealing with a car that holds it’s value. Saving 20k on a car you can sell at msrp years after buying tells me to just buy a clean one. I can move it if need be.
#21
yes that seems like a fair price. 60k is tempting. I have to get them to understand that people who have 100k cash will just buy a clean title. This car is like almost too hot to pull a salvage off. Hell, buy one for 100k and sell it for the same amount a few years later. I was also looking at a 2016 and he is having a hard time moving it and think it is for this reason.
#22
Rennlist Member
The fact that the seller bought it for $64k and sunk a bunch of money into it doesn't factor on what is reasonable to buy it for. It's worth what it is worth, and is certainly not worth $100k. For the record, for a car to be a total loss, it does not have to have damages in excess of value. Most states will have a designated threshold where a car is deemed salvaged even though the damage is below the true value of the car.
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mojo12345 (12-13-2022)
#23
This is one of those scenarios in which we wander down a decision path, take a few turns, and then end up at a completely different destination. As you did hereon, it is then helpful to seek counsel from objective observers so that you can then rightly ask, “why in the $&ck did I think this might be a good idea?” 🙂
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mojo12345 (12-13-2022)
#24
Burning Brakes
If someone wants a car of this caliber and MONEY IS AN ISSUE, then it’s worth the resale risk.
IMHO, I see this car realistically selling for mid $80’’s to the low $90’s.
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mojo12345 (12-13-2022)
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mojo12345 (12-13-2022)
#26
Drifting
Just remember:
All these questions that you are asking, the next potential purchaser buying it off you (when you sell) will ask the same questions.
For that price, I won’t touch it with a 10’ pole.
If you wait for a year or when the economy takes a real dive, 100k might buy you a clean one with higher mileage.
All these questions that you are asking, the next potential purchaser buying it off you (when you sell) will ask the same questions.
For that price, I won’t touch it with a 10’ pole.
If you wait for a year or when the economy takes a real dive, 100k might buy you a clean one with higher mileage.
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mojo12345 (12-13-2022)
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mojo12345 (12-13-2022)
#28
But I struggle with 26k to repair that... This is a P-Car after all. In comparison, my buddy hit a piece of tire in his Audi last summer - it scuffed up his hood and bumper and grill... NOTHING near this kind of damage but fenders needed blending etc etc... ended up being 13k in repairs.
As mentioned above - I'm guessing this was repaired with profit in mind vs quality. I'm willing to bet it's shady all the way down to a crap paint job. Pass.
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mojo12345 (12-13-2022)
#29
Rennlist Member
Just be patient. The market for these cars is collapsing. Most sellers in the classifieds and elsewhere are in denial but that will change as winter wears on. A lot of people who “know what they’ve got” will be singing a different tune by mid-feb.
People still asking over MSRP for their used Spyder with mods (or in a ****ty spec) that suit their taste but not everyone’s are going to have to get real at some point. For fun, favorite some cars on CarGurus and watch the price reduction e-mails roll in week after week.
People still asking over MSRP for their used Spyder with mods (or in a ****ty spec) that suit their taste but not everyone’s are going to have to get real at some point. For fun, favorite some cars on CarGurus and watch the price reduction e-mails roll in week after week.
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mojo12345 (12-13-2022)
#30
Rennlist Member
Just be patient. The market for these cars is collapsing. Most sellers in the classifieds and elsewhere are in denial but that will change as winter wears on. A lot of people who “know what they’ve got” will be singing a different tune by mid-feb.
People still asking over MSRP for their used Spyder with mods (or in a ****ty spec) that suit their taste but not everyone’s are going to have to get real at some point. For fun, favorite some cars on CarGurus and watch the price reduction e-mails roll in week after week.
People still asking over MSRP for their used Spyder with mods (or in a ****ty spec) that suit their taste but not everyone’s are going to have to get real at some point. For fun, favorite some cars on CarGurus and watch the price reduction e-mails roll in week after week.
The following users liked this post:
mojo12345 (12-13-2022)