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    Thread: How much does a slavage or rebuilt title hurt car value?

    1. 05-12-2002 12:36 AM #1
      How much does a rebuilt car or a salvage title hurt a cars value? I am sure it depends, but is there like a pretty consistant rate, like 20%?
      Thanks,
      Natty

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      05-12-2002 01:39 AM #2
      Probably much more than 20% on a relatively new car that would otherwise be valuable. People will wonder what corners were cut in repairing the car, since doing it "correctly" would have cost close to or more than the car was worth and damage that expensive is usually extensive (e.g. bent frame / unibody).

      On the other hand, if the car was already old enough to be cheap when it was labeled as salvage, then the damage might not have been too bad (even a bashed fender could cost more to repair than a cheap old car is worth, if done "correctly" -- but replacing it with a junkyard fender can be much less expensive (and obvious, if the color doesn't match)).


    3. Member VeeDubDriver's Avatar
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      05-12-2002 10:22 AM #3
      Buying a car with a salvage title is like playing a shell game with thousands of dollars. It just isn't worth the risk since there is no way to know the extent of the damage the car had and what potential ticking time bomb might be waiting for you a month, six months or a year down the road.

    4. 05-13-2002 01:51 AM #4
      what if, say, you know for a fact that the vehicle has/had no engine damage, do you think it would still be worth the risk considering taking it to a mechanic of choice, to make sure of no frame damage...etc..... then do you think there is still that much of a risk? If so, what should you look for? thanks.

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      05-13-2002 04:10 AM #5
      quote:
      what if, say, you know for a fact that the vehicle has/had no engine damage, do you think it would still be worth the risk considering taking it to a mechanic of choice, to make sure of no frame damage...etc..... then do you think there is still that much of a risk? If so, what should you look for? thanks.

      Do you know why it was total lossed and what type of damage is took? Usually, when cars are total lossed when relatively new / valuable, the damage is extensive, or something that is very difficult to fix completely like flooding occurred (a car that has been flooded can have all kinds of annoying electrical problems in the future; air bags may not function properly also). Also, if the damage was crash related, can you be sure that the car will act appropriately in a subsequent crash (including the performance of seat belts and air bags, as well as performance of crumple zones)?

      Things may be different if the car was not very valuable when it was total lossed. Even a bent fender or door (bolt on part) can cost more than a cheap car is worth if one goes through the trouble of painting it to match (rather than living with a home made harlequin or carefully searching the junkyards for a part of the matching color), as insurance companies will estimate for.


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      05-15-2002 10:43 AM #6
      My Laser had a salvage title. It was hit hard in teh front and back, not damaging the frame, but all the spendy trim had to be replaced. So it wasnt banged to bad, just needed a lot of money to make right. The parts on it were junkarded and it was hunky-dory.

    7. 05-15-2002 11:34 AM #7
      If you are certain about the previous damage and you are mechanically inclined, that can be a really cheap way to buy a vehicle. A few thing first....If you plan to resell it/don't buy it. No one will loan money on a salvage title and plan on driving it till it dies, you won't be able to get rid of it anyother way. If you can deal with these issues its a cheap way to buy a car. I bought a 96 Four Runner for $4000 with 57K on the clock. It was a theft recovery and the interior had to be replaced, a really good deal.

    8. Member VeeDubDriver's Avatar
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      05-15-2002 12:15 PM #8
      There are certain things that you can never know for sure. If the car has any kind of water damage, there could still be water in the inside of the car, slowly corroding electronics that may cause lots of difficult to diagnose and fix gremlins down the road.

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