What are your thoughts about "Salvage" cars?
#1
Pro
Thread Starter
What are your thoughts about "Salvage" cars?
I have to admit that I hold great prejudice against buying cars that are "Salvaged". During my long search for my C4S, I always ignored cars that were salvaged even with deep discount. My primary reason was that you can never know the severity of the damage that the car sustained for the insurance co. to deem it a total loss.
Recently, my mom's fairly new Mercedes was hit mildly in the front. The airbag was deployed but I thought the frame of the car was still ok. Maybe new fenders and a new hood and radiator were all that's needed to put it back on the road. But the insurance co. from the other party still totalled my mom's car. We took the check as it was a bit more than the current market value for the car.
It got me thinking, was I wrong to pass on those "salvaged" 911's without investigating what their prior damages were? Do the economics of buying a cheaper "salvaged" car work?
Here is a nice and cheap 911 C4S to serve as case study
http://sandiego.craigslist.org/csd/ctd/5185983086.html
What do you guys think?
Recently, my mom's fairly new Mercedes was hit mildly in the front. The airbag was deployed but I thought the frame of the car was still ok. Maybe new fenders and a new hood and radiator were all that's needed to put it back on the road. But the insurance co. from the other party still totalled my mom's car. We took the check as it was a bit more than the current market value for the car.
It got me thinking, was I wrong to pass on those "salvaged" 911's without investigating what their prior damages were? Do the economics of buying a cheaper "salvaged" car work?
Here is a nice and cheap 911 C4S to serve as case study
http://sandiego.craigslist.org/csd/ctd/5185983086.html
What do you guys think?
Last edited by speedracerf4i; 08-28-2015 at 08:34 PM.
#2
Rear end on a PCar is not good...BUT you never know. Best thing, IMHO, is to take the car to have a thorough PPI and body shop look over. Someone you trust and will give you an honest opinion about what they see. The body guys can tell if there was frame damage, what may have been done under the other skin, etc.
Driving it will also tell you something too. Thing is....you can't buy this car without risking NO sale down the road due to salvage, it will be know in the history, even when you register it. But honesty is the best policy for that. Maybe the next buyer will trust you if all the paperwork is there and you can show good maintenence and the salvage info is included. I wouldn't say no myself...not without looking at it. A bargain is a bargain. I know some will chime in a say run away, but that's cool to...some will not want to risk the "chance" of a money pit for things down the road.
Keep us posted what you do..interesting to know.
Good Luck.
Driving it will also tell you something too. Thing is....you can't buy this car without risking NO sale down the road due to salvage, it will be know in the history, even when you register it. But honesty is the best policy for that. Maybe the next buyer will trust you if all the paperwork is there and you can show good maintenence and the salvage info is included. I wouldn't say no myself...not without looking at it. A bargain is a bargain. I know some will chime in a say run away, but that's cool to...some will not want to risk the "chance" of a money pit for things down the road.
Keep us posted what you do..interesting to know.
Good Luck.
#5
I thought the same thing. How could that be?
I personally would never buy a salvage car. People do and drive them without issues. I have a friend that owns a bodyshop.
Every car he owns is a "salvage" title car. However, he is the one rebuilding them. He knows exactly what he is getting.
I personally would never buy a salvage car. People do and drive them without issues. I have a friend that owns a bodyshop.
Every car he owns is a "salvage" title car. However, he is the one rebuilding them. He knows exactly what he is getting.
#7
Why because people who had no idea what it was going to take to put it back to in proper order. So these guys would over bid for the cars.
I suspect this is the case for Porsche's as well. If they over pay then they will cut corners to save money. You will end up with a problem case that you get to finish.
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#9
Burning Brakes
I used to have a "salvaged" 356 and it was fine. It was totaled, years ago, due to an engine fire at a time when they were cheap. HOWEVER, when it came time to sell, a number of buyers couldn't finance the purchase because the lender (bank) wouldn't touch it……. even though it had never been in an accident!
#10
RL Community Team
Rennlist Member
Rennlist Member
Sort of like marrying a adult movie star.
#11
Pro
Thread Starter
What are your thoughts about "Salvage" cars?
I actually already found my 2009 C4S this February. I paid top dollar for a really clean and low mileage car. My brother is interested in getting the same car but has a lower budget, so he is considering salvaged cars as well.
#15
Rennlist Member
If you want to keep it for the rest of your life, is a great deal because you will never be able to sell it, unless its so cheap anyone would take a chance.