Previous Salvage Title Affect Value? - Rennlist - Porsche Discussion Forums


Previous Salvage Title Affect Value?


Old 07-10-2005, 09:51 PM
Rennlist Member
Thread Starter
brucec59's Avatar
Join Date: Nov 2004
Location: San Francisco
Posts: 1,796
Default Previous Salvage Title Affect Value?

I would really appreciate your help here. I am about to buy a '95 993, but when I ran a Carfax on it, it shows a salvage title issued in 1997 in Oregon. The title was "issued or updated" the next year (to a normal title I guess), then sold to the current owner (in CA). It has been registered in CA ever since.

The mechanic who looked at it found no indication of accident repair, so it could have been theft which earned it salvage title.

Does the old salvage title affect the value of the car? How much?


brucec59 is offline  
Reply With Quote
Old 07-10-2005, 10:27 PM
chris walrod
Lifetime Rennlist

Rennlist Small
Business Sponsor

chris walrod's Avatar
Join Date: Aug 2001
Location: yorba linda, ca
Posts: 15,541

Unless this car is priced really low, like in the low $20's, I would pass on it to be honest. Would be really diffcult to sell and may be hard to insure. Many higher-end sports cars easily 'total' due to theft recovery, but still carries a salvage title nonetheless.

Just my view.. Be patient, there are plenty of 993's available that should suit your needs
chris walrod is offline  
Reply With Quote
Old 07-10-2005, 10:30 PM
KASH '95 993
KASH '95 993's Avatar
Join Date: Jan 2002
Location: Frankfort, IL
Posts: 291

You are looking at 20 to 25% deprecation depending on the extent of the prior damages and the outcome of the repairs.
KASH '95 993 is offline  
Reply With Quote
Old 07-10-2005, 11:13 PM
MonkeyBoy's Avatar
Join Date: Jul 2001
Location: Boston, MA
Posts: 344

Salvage titles can save you some money if you're careful with a PPI, you intend to keep the car forever, or can sell it to a non-enthusiast. I bought my 964 at a significant discount, put 40,000 miles on it over 3 years and sold it for $3500 more than my purchase price because the buyer didn't care about the salvage title, as the theft that resulted in the salvage title was so long ago and the car had proven itself since. I'd only recommend a salvage title car if you get a smoking deal.
MonkeyBoy is offline  
Reply With Quote
Old 07-10-2005, 11:39 PM
Rennlist Member
901aero's Avatar
Join Date: May 2005
Location: Palm Bay Florida
Posts: 1,179

Good advice from MonkeyBoy. I agree. Old salvage title or recent it DOES effect value, both to you as a buyer factoring it into the price and the next owner (in a variable degree)who will buy the car from you when you're through with it. I would get a second or even third opinion on the "damage". Some shops can be very clever in covering their tracks.
901aero is offline  
Reply With Quote
Old 07-10-2005, 11:44 PM
Old Fartus Emeritus
Rennlist Member

ca993twin's Avatar
Join Date: Jan 2003
Location: Santa Cruz, California
Posts: 8,499

Talk to your insurance company before you purchase. They will probably charge you as if it were a "full-value" car, but if it is ever stolen or totalled, they will only pay a percentage because it was a previous salvage. That percentage is a guide for you to use when negotiating a price.

On another note, I once had a Toyota pickup that had a salvage title... when I went to trade it in, the dealer would only give my half of the normal trade-in value. I sold to a private party who didn't care (and signed a disclosure).
ca993twin is offline  
Reply With Quote
Old 07-11-2005, 02:55 AM
Addicted Specialist
Rennlist Member
Edward's Avatar
Join Date: Jun 2001
Location: So.CA
Posts: 5,399

Yup, "salvage" is the kiss of death. Only good if you know that:

a) you're getting a killer deal (not just a "good" one, but killer!)
b) you're not planning to sell it, ever (though would make a great gift)
c) you're not planning to insure it fully (or are willing to get a laughably low settlement if you ever have to make a claim)
d) want it for a track car and it passes a VERY close PPI inspection, especially by a good body man.

Wait for the right one; you'll be happier in the long run.

Edward is offline  
Reply With Quote
Old 07-11-2005, 11:30 AM
Rennlist Member
Pedro356C's Avatar
Join Date: Dec 2004
Location: Surfside - FL
Posts: 2,331

Yes! It's affecting already...this thread is a living proof!!! ;- )

Edward's posting is "right on"...

Take care...
Pedro356C is offline  
Reply With Quote
Old 07-11-2005, 03:32 PM
Rennlist Member
Thread Starter
brucec59's Avatar
Join Date: Nov 2004
Location: San Francisco
Posts: 1,796

Thanks, all. This forum is awesome!

I called my ins co this morning. They would insure it for liability only. I don't know if the seller is aware of the salvage title or not, but it really doesn't matter because this is a deal breaker.

Thanks again!

...back on the hunt for a black/black coupe...
brucec59 is offline  
Reply With Quote
Old 07-11-2005, 03:34 PM
Rennlist Member
97Targa's Avatar
Join Date: Jul 2004
Location: Sunny So. Cal.
Posts: 1,613

Good luck Bruce. The right one WILL come along. Hang in there!
97Targa is offline  
Reply With Quote
Old 07-11-2005, 04:58 PM
Chuck W.
Rennlist Member

Chuck W.'s Avatar
Join Date: Jul 2003
Location: Agoura Hills (Los Angeles) California
Posts: 4,098

The problem with a salvage title is it can be as simple as a theft recovery or as bad as a roll over. Unless you know what the reason for the salvage title or know the damage that was repaired, stay away from it. If you know those facts and are going to save a lot of money AND plan on keeping the car for a long time, then it's not a problem. Six out of my eight cars are salvage titles including my 993. But I either did the work or had it done and know exactly why it was salvaged. I also documented everything with photos. I will keep them so long too that it's not an issue. With the info you have on this one I would stay away from it. Good luck....
Chuck W. is offline  
Reply With Quote

Thread Tools
Search this Thread
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

All times are GMT -3. The time now is 12:57 AM.

Copyright ę 1998 - 2017
  • Ask a Question
    Get answers from community experts
Question Title:
Your question will be posted in: