salvage title?
08-18-2003, 12:23 PM
#26
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Re: (SeaQuake)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by SeaQuake »</TD></TR><TR><TD CLASS="quote">Mercury insures salvage cars, no questions asked. Full coverage too.
I had to salvage cars insured at one time.</TD></TR></TABLE>
so does Allstate
I had to salvage cars insured at one time.</TD></TR></TABLE>
so does Allstate
08-18-2003, 06:36 PM
#27
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I think salvage titles are ok as long as you get it repaired right and it was a very quality job..thats what happen to me and it seems brand new now after they fixed it.If the damage was fixed right by a reputable shop then I am ok with it. my .02
08-18-2003, 06:48 PM
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Re: (hardcorepreston)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by hardcorepreston »</TD></TR><TR><TD CLASS="quote">I think salvage titles are ok as long as you get it repaired right and it was a very quality job..thats what happen to me and it seems brand new now after they fixed it.If the damage was fixed right by a reputable shop then I am ok with it. my .02</TD></TR></TABLE>
Dependa on the damage. The kind of quality work it will take to repair a flood damage or an extremely damaged car will "usually" cost more than the car is worth. Of corse there are different cases though.
Dependa on the damage. The kind of quality work it will take to repair a flood damage or an extremely damaged car will "usually" cost more than the car is worth. Of corse there are different cases though.
08-18-2003, 06:56 PM
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Re: salvage title? (civickidd99)
If the Clean Title Car Can be repaired then I still would rather have the clean title car as it will protect my investment.
Question not being will an insurance Co insure the car but if damage occurs will it PAY OUT what you put into it or even NEAR what was put into it??
If you buy that DX for 5 grand (Good Clean Title os Valued at 2600) How much do you honestly think an insurance CO will Pay on that Claim if the car is totaled. Let's just say He can Find a Good Co to insure the car for a decent price. HOW MUCH will they pay out on a CLAIM if the car is TOTALED???
This is the POINT that is more important than if or not an insurance Co WILL or WILL not cover a car.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by civickidd99 »</TD></TR><TR><TD CLASS="quote">The real question is why do you need everyone to tell you what to do...if you think it is worth it go for it. If you're gonna keep it for a long time then who cares about resale value, if it's a straight car and it runs good then thats all you can ask for. Just my $.02! </TD></TR></TABLE>
Not asking what should he do he asked WHY do we think his father DOESN'T what him to get that car.
Question not being will an insurance Co insure the car but if damage occurs will it PAY OUT what you put into it or even NEAR what was put into it??
If you buy that DX for 5 grand (Good Clean Title os Valued at 2600) How much do you honestly think an insurance CO will Pay on that Claim if the car is totaled. Let's just say He can Find a Good Co to insure the car for a decent price. HOW MUCH will they pay out on a CLAIM if the car is TOTALED???
This is the POINT that is more important than if or not an insurance Co WILL or WILL not cover a car.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by civickidd99 »</TD></TR><TR><TD CLASS="quote">The real question is why do you need everyone to tell you what to do...if you think it is worth it go for it. If you're gonna keep it for a long time then who cares about resale value, if it's a straight car and it runs good then thats all you can ask for. Just my $.02! </TD></TR></TABLE>
Not asking what should he do he asked WHY do we think his father DOESN'T what him to get that car.
08-18-2003, 09:51 PM
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Re: (SeaQuake)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by SeaQuake »</TD></TR><TR><TD CLASS="quote">
Dependa on the damage. The kind of quality work it will take to repair a flood damage or an extremely damaged car will "usually" cost more than the car is worth. Of corse there are different cases though.</TD></TR></TABLE>
work to repair a flood damage? i see that you've never bought a flooded car off an auction. let me tell you how much work there is: a lot less than a wrecked car, or even theft recovery. my sister's gsr had been flooded. here's what we had to do: change the fuse box (the fuse box itself, not the fuses), the stereo, and there was a dent in the driver's door. that's it. other than that, it ran perfectly, had no other electrical problems, etc. it DID need a good cleaning; it was scrubbed inside and out because it had water residue everywhere. she sold it 20k miles later because she had a baby on the way and bought an accord. she had absolutely no problems with it ever. another example: my friend had a 98 civic cx that he bought flooded from an auction. here's what he had to do: change the fuse box (again the fuse box itself, not the fuses), flush the fuel system (it had water in it), and patch up a couple dents. again, no problems later on, it ran perfectly, etc.
Dependa on the damage. The kind of quality work it will take to repair a flood damage or an extremely damaged car will "usually" cost more than the car is worth. Of corse there are different cases though.</TD></TR></TABLE>
work to repair a flood damage? i see that you've never bought a flooded car off an auction. let me tell you how much work there is: a lot less than a wrecked car, or even theft recovery. my sister's gsr had been flooded. here's what we had to do: change the fuse box (the fuse box itself, not the fuses), the stereo, and there was a dent in the driver's door. that's it. other than that, it ran perfectly, had no other electrical problems, etc. it DID need a good cleaning; it was scrubbed inside and out because it had water residue everywhere. she sold it 20k miles later because she had a baby on the way and bought an accord. she had absolutely no problems with it ever. another example: my friend had a 98 civic cx that he bought flooded from an auction. here's what he had to do: change the fuse box (again the fuse box itself, not the fuses), flush the fuel system (it had water in it), and patch up a couple dents. again, no problems later on, it ran perfectly, etc.
08-18-2003, 10:13 PM
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Re: (civicdxtyper)
Flooded Car vs Theft recovery vs Accident
Well it is all a matter of HOW MUCH DAMAGE is Done to the Car. My car was Flooded with about 6 inches of standing water inside of the car. MUD EVERYWHERE...
Minor Flood atleast the Seats didn't get wet. REPAIR COST? 1000 dollars.
My Neighbor's car was flooded in the same flood and their car was a bit worse than mine. The ECU and ENGINE was damaged. I sure thing that thir repair bill would have been quiet a bit more than mine. On top of that the SMELL!!!! Oh my Gosh can't seem to get that mildew smell out of the car. In my car it is not as obvious.
So Flooded cars are not a sure by in some cases. Personally theft Recovery is probably the soundest wasy to go Replace all the Parts and go from there. Just that your car has no real value, but if you plan to keep the car and not sell it then go for it.
Well it is all a matter of HOW MUCH DAMAGE is Done to the Car. My car was Flooded with about 6 inches of standing water inside of the car. MUD EVERYWHERE...
Minor Flood atleast the Seats didn't get wet. REPAIR COST? 1000 dollars.
My Neighbor's car was flooded in the same flood and their car was a bit worse than mine. The ECU and ENGINE was damaged. I sure thing that thir repair bill would have been quiet a bit more than mine. On top of that the SMELL!!!! Oh my Gosh can't seem to get that mildew smell out of the car. In my car it is not as obvious.
So Flooded cars are not a sure by in some cases. Personally theft Recovery is probably the soundest wasy to go Replace all the Parts and go from there. Just that your car has no real value, but if you plan to keep the car and not sell it then go for it.
08-18-2003, 10:36 PM
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Re: (Spoond TEG)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Spoond TEG »</TD></TR><TR><TD CLASS="quote">Flooded Car vs Theft recovery vs Accident
Well it is all a matter of HOW MUCH DAMAGE is Done to the Car. My car was Flooded with about 6 inches of standing water inside of the car. MUD EVERYWHERE...
Minor Flood atleast the Seats didn't get wet. REPAIR COST? 1000 dollars.
My Neighbor's car was flooded in the same flood and their car was a bit worse than mine. The ECU and ENGINE was damaged. I sure thing that thir repair bill would have been quiet a bit more than mine. On top of that the SMELL!!!! Oh my Gosh can't seem to get that mildew smell out of the car. In my car it is not as obvious.
So Flooded cars are not a sure by in some cases. Personally theft Recovery is probably the soundest wasy to go Replace all the Parts and go from there. Just that your car has no real value, but if you plan to keep the car and not sell it then go for it.</TD></TR></TABLE>
my sister's car had been flooded to the roof; there was a fine film of mud all over the car, it was even in the sunroof tracks. it wasn't like chunks of muds; it was like a residue from not-very-dirty water. i guess it musta been in some clean water or something lol. and there was water in the engine actually; though the engine wasn't damaged. my dad pumped the water out, changed the oil, then stuck the car in gear, and me and him pushed the car forward until the engine unlocked. simple as that. that means that the engine hadn't been running when it was submerged, but water still seeped into it. the engine had no damage whatsoever; my sister drove it for almost 2 years without 1 single problem.
i agree with you on that theft recovery is the surest way to go, if buying the car damaged from the auction. a wrecked car is hard to restore to original condition if the frame was bent, and you take a risk buying a flooded car because you don't know if the engine is blown or not. however, if the car is already completely repaired, and was previously damaged, i think that there's minimal risk with it. there's basically as much risk with it as with a clean titled car; just because the car was never totalled doesn't mean it never had **** wrong with it. i know a kid that wrecked his civic 3 fucken times, each time choosing to repair it with his own $$ instead of going through insurance, because his insurance was already sky-high from tickets. most people would never figure out it was previously wrecked, even though he did a pretty shitty job of fixing it.
ok, here's the part where i disagree with most of you people on: most of you are saying that salvage titled cars have no value. that's a load of bs!! seriously, my bro in law repairs salvaged cars for a living. you think he lives in a cardboard box?? no. he has a decent house on a 1/3 acre of land, always has a couple of fixed up cars, etc. let me give an idea of what he sells his cars for:
94 integra rs with 80k miles, repaired title due to theft recovery, sold for $6k
98 integra gsr with 60k miles, reconstructed title due to flood, sold for $10.5k
99 integra gsr with 50k miles, repaired title due to theft recovery, sold for $10.5k
95 civic ex with 105k miles, repaired title due to light accident, sold for $5k
99 civic si with 50k miles, repaired title due to theft recovery, sold for $11.5k
are you getting the idea here? these cars DO have value. no matter what you guys tell me, i've seen this stuff up close and personal. he has never had a problem insuring any of his salvage titled cars; full coverage isn't a problem.
Well it is all a matter of HOW MUCH DAMAGE is Done to the Car. My car was Flooded with about 6 inches of standing water inside of the car. MUD EVERYWHERE...
Minor Flood atleast the Seats didn't get wet. REPAIR COST? 1000 dollars.
My Neighbor's car was flooded in the same flood and their car was a bit worse than mine. The ECU and ENGINE was damaged. I sure thing that thir repair bill would have been quiet a bit more than mine. On top of that the SMELL!!!! Oh my Gosh can't seem to get that mildew smell out of the car. In my car it is not as obvious.
So Flooded cars are not a sure by in some cases. Personally theft Recovery is probably the soundest wasy to go Replace all the Parts and go from there. Just that your car has no real value, but if you plan to keep the car and not sell it then go for it.</TD></TR></TABLE>
my sister's car had been flooded to the roof; there was a fine film of mud all over the car, it was even in the sunroof tracks. it wasn't like chunks of muds; it was like a residue from not-very-dirty water. i guess it musta been in some clean water or something lol. and there was water in the engine actually; though the engine wasn't damaged. my dad pumped the water out, changed the oil, then stuck the car in gear, and me and him pushed the car forward until the engine unlocked. simple as that. that means that the engine hadn't been running when it was submerged, but water still seeped into it. the engine had no damage whatsoever; my sister drove it for almost 2 years without 1 single problem.
i agree with you on that theft recovery is the surest way to go, if buying the car damaged from the auction. a wrecked car is hard to restore to original condition if the frame was bent, and you take a risk buying a flooded car because you don't know if the engine is blown or not. however, if the car is already completely repaired, and was previously damaged, i think that there's minimal risk with it. there's basically as much risk with it as with a clean titled car; just because the car was never totalled doesn't mean it never had **** wrong with it. i know a kid that wrecked his civic 3 fucken times, each time choosing to repair it with his own $$ instead of going through insurance, because his insurance was already sky-high from tickets. most people would never figure out it was previously wrecked, even though he did a pretty shitty job of fixing it.
ok, here's the part where i disagree with most of you people on: most of you are saying that salvage titled cars have no value. that's a load of bs!! seriously, my bro in law repairs salvaged cars for a living. you think he lives in a cardboard box?? no. he has a decent house on a 1/3 acre of land, always has a couple of fixed up cars, etc. let me give an idea of what he sells his cars for:
94 integra rs with 80k miles, repaired title due to theft recovery, sold for $6k
98 integra gsr with 60k miles, reconstructed title due to flood, sold for $10.5k
99 integra gsr with 50k miles, repaired title due to theft recovery, sold for $10.5k
95 civic ex with 105k miles, repaired title due to light accident, sold for $5k
99 civic si with 50k miles, repaired title due to theft recovery, sold for $11.5k
are you getting the idea here? these cars DO have value. no matter what you guys tell me, i've seen this stuff up close and personal. he has never had a problem insuring any of his salvage titled cars; full coverage isn't a problem.
08-19-2003, 08:24 PM
#33
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Re: salvage title? (NonovUrbizniz)
I bought a salvaged vehicle 4dr gsr it was in the big flood texas had a couple years back. I've driven car over 40k miles and I haven't had a problem yet make sure you find out what happened get the dmv to do a title search for you if it was fender bender then he should have pictures of the damage if he did the repairs himself
Chris
Chris
08-19-2003, 09:27 PM
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Re: salvage title? (TecHnOCal)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TecHnOCal »</TD></TR><TR><TD CLASS="quote">i found a car and i found out that it was a salvaged title (by a theft recovery) and i was wondering what it the worst part of having a slavage title car? my dad jus told me i couldnt get it without explaining why he didnt want a salvaged car. btw, the car is a 1994 dx hatchback with a 1994 usdm b18c1 with 88,xxx miles on the chassis and 67,xxx on the motor. he was going to sell it to me for $5,500</TD></TR></TABLE>
JEESSSSSASSSSSS!!!!!! $5,500 for a car with a GSR swap??? das a grip right there
tell him you'll buy it for $1,000 and call it a day...
JEESSSSSASSSSSS!!!!!! $5,500 for a car with a GSR swap??? das a grip right there
tell him you'll buy it for $1,000 and call it a day...
08-19-2003, 09:28 PM
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Re: salvage title? POINT BEING
You are missing the POINT
SALVAGE CAR HAS NO VALUE:
This Means there is NO SET NUMBER that this car can be valued at. It is Simply the Value that a seller is willing to sell it for and what the buyer is willing to pay for it.
I know a Kid (not the smartest in the world) Paid 6500 for a USED CX with a D15 engine, Stock suspension, and Stock seats. The Car had a CF hood and Duckbill Spoiler. Does this mean that the value of a Stock CX with CF hood and spoiler is 6500??? NOT AT ALL.
Can you put a value on used parts for cars? you can guess but when it all boils down to it there is a system of depreciation. When a car is salvaged there is no telling what REALLY is wrong with the car. There is so much risk involved. Was it repaired properly? I mean on a real NOTE... If I had 2 Project cars One I bought New 10 years ago and the other I bought Salvaged. I took Both cars stripped them completely are and repainted them. I put fresh rebuilt B series engines into them reupholtered the interior and new Stereo systems in both.
In my mind there is NO Difference between the two cars AT ALL However if I were going to sell the cars ONE CAR WOULD BE WORTH MORE THAN THE OTHER.
SALVAGE CAR HAS NO VALUE:
This Means there is NO SET NUMBER that this car can be valued at. It is Simply the Value that a seller is willing to sell it for and what the buyer is willing to pay for it.
I know a Kid (not the smartest in the world) Paid 6500 for a USED CX with a D15 engine, Stock suspension, and Stock seats. The Car had a CF hood and Duckbill Spoiler. Does this mean that the value of a Stock CX with CF hood and spoiler is 6500??? NOT AT ALL.
Can you put a value on used parts for cars? you can guess but when it all boils down to it there is a system of depreciation. When a car is salvaged there is no telling what REALLY is wrong with the car. There is so much risk involved. Was it repaired properly? I mean on a real NOTE... If I had 2 Project cars One I bought New 10 years ago and the other I bought Salvaged. I took Both cars stripped them completely are and repainted them. I put fresh rebuilt B series engines into them reupholtered the interior and new Stereo systems in both.
In my mind there is NO Difference between the two cars AT ALL However if I were going to sell the cars ONE CAR WOULD BE WORTH MORE THAN THE OTHER.
08-19-2003, 11:02 PM
#37
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Re: salvage title? (chriscoleman102)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by chriscoleman102 »</TD></TR><TR><TD CLASS="quote">I bought a salvaged vehicle 4dr gsr it was in the big flood texas had a couple years back. I've driven car over 40k miles and I haven't had a problem yet make sure you find out what happened get the dmv to do a title search for you if it was fender bender then he should have pictures of the damage if he did the repairs himself
Chris</TD></TR></TABLE>
same flood my sister bought her gsr from. it was the hugeass texas flood; copart had thousands upon thousands of flooded cars.
Chris</TD></TR></TABLE>
same flood my sister bought her gsr from. it was the hugeass texas flood; copart had thousands upon thousands of flooded cars.
08-19-2003, 11:08 PM
#38
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Re: salvage title? POINT BEING (Spoond TEG)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Spoond TEG »</TD></TR><TR><TD CLASS="quote">You are missing the POINT
SALVAGE CAR HAS NO VALUE:
This Means there is NO SET NUMBER that this car can be valued at. It is Simply the Value that a seller is willing to sell it for and what the buyer is willing to pay for it.
I know a Kid (not the smartest in the world) Paid 6500 for a USED CX with a D15 engine, Stock suspension, and Stock seats. The Car had a CF hood and Duckbill Spoiler. Does this mean that the value of a Stock CX with CF hood and spoiler is 6500??? NOT AT ALL.
Can you put a value on used parts for cars? you can guess but when it all boils down to it there is a system of depreciation. When a car is salvaged there is no telling what REALLY is wrong with the car. There is so much risk involved. Was it repaired properly? I mean on a real NOTE... If I had 2 Project cars One I bought New 10 years ago and the other I bought Salvaged. I took Both cars stripped them completely are and repainted them. I put fresh rebuilt B series engines into them reupholtered the interior and new Stereo systems in both.
In my mind there is NO Difference between the two cars AT ALL However if I were going to sell the cars ONE CAR WOULD BE WORTH MORE THAN THE OTHER.</TD></TR></TABLE>
so what defines value??? last time i checked, it was the price the seller is willing to sell the car for versus the price the buyer is willing to pay for it. the value is the price that they both meet at. to say salvaged cars have no value is just plain stupid. yes, i agree, a salvage title lowers the value of a car, but the value doesn't just dissappear. once a car gets a salvage title, the value DOES drop. however, after the inital value drop, the value of the car continues to depreciate at the normal rate.
SALVAGE CAR HAS NO VALUE:
This Means there is NO SET NUMBER that this car can be valued at. It is Simply the Value that a seller is willing to sell it for and what the buyer is willing to pay for it.
I know a Kid (not the smartest in the world) Paid 6500 for a USED CX with a D15 engine, Stock suspension, and Stock seats. The Car had a CF hood and Duckbill Spoiler. Does this mean that the value of a Stock CX with CF hood and spoiler is 6500??? NOT AT ALL.
Can you put a value on used parts for cars? you can guess but when it all boils down to it there is a system of depreciation. When a car is salvaged there is no telling what REALLY is wrong with the car. There is so much risk involved. Was it repaired properly? I mean on a real NOTE... If I had 2 Project cars One I bought New 10 years ago and the other I bought Salvaged. I took Both cars stripped them completely are and repainted them. I put fresh rebuilt B series engines into them reupholtered the interior and new Stereo systems in both.
In my mind there is NO Difference between the two cars AT ALL However if I were going to sell the cars ONE CAR WOULD BE WORTH MORE THAN THE OTHER.</TD></TR></TABLE>
so what defines value??? last time i checked, it was the price the seller is willing to sell the car for versus the price the buyer is willing to pay for it. the value is the price that they both meet at. to say salvaged cars have no value is just plain stupid. yes, i agree, a salvage title lowers the value of a car, but the value doesn't just dissappear. once a car gets a salvage title, the value DOES drop. however, after the inital value drop, the value of the car continues to depreciate at the normal rate.
08-20-2003, 07:40 AM
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Re: (Tad)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Tad »</TD></TR><TR><TD CLASS="quote">ptran13... do you really have 4 eg hatches!??!?!?!(i see 4 i one of those pics).
wow</TD></TR></TABLE>
No, I only have 1 now, at the time I had 2, the white one and the PGP, the other two belong to my roommates.
wow</TD></TR></TABLE>
No, I only have 1 now, at the time I had 2, the white one and the PGP, the other two belong to my roommates.
08-20-2003, 12:22 PM
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Re: salvage title? (NonovUrbizniz)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by NonovUrbizniz »</TD></TR><TR><TD CLASS="quote">
I'm the kind that doesn't care...
If you know what condition it's in and the worst condition it ever was in then there's nothing to be affraid of.. other than reduced re-sale value...
If you don't know why it was salvaged or what happened to it then I would steer clear... you could endup with a flood damaged car that will never work right... or many other scenarios...
If you know the history and are comfortable with it then I 'd go ahead... otherwise I wouldn't touch it.</TD></TR></TABLE>WORD
I'm the kind that doesn't care...
If you know what condition it's in and the worst condition it ever was in then there's nothing to be affraid of.. other than reduced re-sale value...
If you don't know why it was salvaged or what happened to it then I would steer clear... you could endup with a flood damaged car that will never work right... or many other scenarios...
If you know the history and are comfortable with it then I 'd go ahead... otherwise I wouldn't touch it.</TD></TR></TABLE>WORD
08-21-2003, 07:18 AM
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I have a salvage 99 Zx2 which was fully repaired and is running great with <40k miles. The value of those cars are not that much but I can't get 2k for the car so salvage does drop the value of a car, period. If you are planning on keeping the car and you are sure that the car is in good condition go ahead and buy it.
08-21-2003, 08:27 AM
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Re: (SeaQuake)
obviously if you plan on doing repairs yourself then salvaged cars are the best way to go. If you plan on paying someone to do it... then more often then not chances are it isnt worth it.
08-21-2003, 11:15 AM
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Re: (CRX_VTEC)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by CRX_VTEC »</TD></TR><TR><TD CLASS="quote">obviously if you plan on doing repairs yourself then salvaged cars are the best way to go. If you plan on paying someone to do it... then more often then not chances are it isnt worth it.
</TD></TR></TABLE>
I bought it fully repaired.
</TD></TR></TABLE>
I bought it fully repaired.
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