As long as the car checks out ok then go for it. If your happy with it then thats all that matters. Just know it might be a bit more difficuilt to sell down the road due to having a branded title.

 

PM sent

 

Is it possible to get a loan on a salvage title? Just curious.

 

Sports cars are like women... you'll only have problems with one that has been abused or severely damaged.

NEVER, NEVER, NEVER, buy a salvaged title sports car for anything but parts.

 

hahahahaha lmao

 

So basically you're saying don't date a woman if she is no longer a virgin?? GL with that.


A car gets a salvage title when ins company takes it and resells it. It can be an accident, theft, even vandalism. Parts are VERY expensive (i'm sure we all know that) so it's easier for the ins company to buy you a new car and sell yours instead of dealing with the clusterf*** that is fixing it using dealer invoice prices on parts. Statefarm or whoever aint gonna use ebay to replace parts you know. And there is NO way for the ins company to resell the car without getting the title branded.

And of course it'll be worth less when you go and sell it - so what?! You bought it for less - makes perfect sense.

I wouldn't recommend buying it if you don't know much about cars, but if you do and can inspect it and know what you're getting - it's a perfectly fine way to save a buck or two.

 

Yeah i will have to look it over really good. I should be done with my refi on my house so when thats done ill drive out and look at it. There's only one problem! He live's about 300 miles away so maybe i can get him to meet me half way.

 

I said avoid abused and damaged. Every well made machine has a manufacturers recommended "break-in procedure."

I agree that insurance companies do tend to generate a lot of salvage titled vehicles. I would buy a salvage econo-box or truck in a heart beat.

The problem is that you never know what you are getting... even the best inspections will miss things. For a daily-driver this might not be a big deal, but for a sports car do you really want to risk it for "a buck or two?" That's all I'm saying.

 

Hey every time i watch F1 or Nascar - aka real sports cars - they get into accidents, get patched up and win races.
I'm just saying.

 

I wouldn't do it, unless its super cheap and you just want a track car. I don't think it would hold its value as well. Might be a lot harder to sell later and you might not get near as much.

 

Two completely different scenarios. A race team has one objective. A salvaged car is passed from one person to another, each only looking out for themselves.

When a race team wrecks a car, they know what they can and cannot fix. They also have a much larger budget to do things like non-destructive examination (NDE) of welds (just one example). They work as a team to win the race safely.

When you buy a salvaged car, you are buying a car that one person wrecked, another sold, another bought, and probably another person fixed. That's at least three separate people (probably many many more), all of whom have exactly one priority: to make money for themselves. To use the welding example, a weld might pass visual inspection by a master welder, but without NDE you don't really know if it's up to factory spec.

 

I bought my 03 salvaged evo at an auction in 2005. Only had 16k miles. Some kid rolled it onto the driver side. Had a buddy's shop "Fix" it. They did a poor excuse of a job. Everyone in the salvage business will cut corners to fatten the bottem line. Its honestly a crap shoot with a salvaged car and unless you know your SH*T or you have a buddy you really trust who does i would steer clear. I am blessed to have a garage, tools, and a head full of gears so i was able to correct all the problems with mine and it has been nothing but pure enjoyment for me since. Just know what your getting yourself into. If you are really interested then have a local race shop take a look at it. They will know the critcal areas to look at that could cause you some major failures.

 

yes

 

I got mine 2 yrs ago for 13k. I still got to fix my rear pass qtr panel. I got a built engine. I dont think ive spent more than 5k on the car and im one of the fastest in my town. couple of shops around here have ofered 20K for it. trust me, youll get your money back. just make shure your chassis is straight and the rest is gravy

 

Salvaged titled cars are by rule-of-thumb, worth 25% less than their non-salvaged counterparts. This is comparing apples-to-apples, meaning the salvaged vehicle has no damage or ****ty repaired damage. A theft recovery where parts were stripped off and the OEM originals were put back on, would be a good example.