Salvage Title, Rebuilt Title value on the dollar
Salvage Title, Rebuilt Title value on the dollar
08-07-2006, 05:05 PM
08-08-2006, 12:31 AM
I'd say a car with salvage or rebuilt title is worth practically NOTHING to me. You really don't know what was wrong with the car (or cars that were put together to make a car,) what the quality of work was, and what little secrets are hiding.
And just try to sell it to someone.
As far as I am concerned, they are disposable cars.
I'm sure that some classic vehicle people are capable of building a great car out of salvage and donor cars, but they put a lot of love into it. Otherwise, I say run as fast as you can.
07-17-2008, 09:50 PM
According to The Auto appraiser located at http://www.theautoappraiser.com/salvage_title.htm
Industry standards followed by and noted in print by the National Automobile Dealers Association (N.A.D.A.) Appraisal Guides (http://www.nada.com/), Kelley Blue Book Market Report Official Guide (http://www.kbb.com/), the International Society of Automotive Appraisers (I.S.A.A.) and additional automotive business entities within the United States of America, all devalue a motor vehicle that is in possession of a “Salvage Title”, by 20% - 50% of the normal, fair market retail value of the vehicle without a “Salvage Title”.
08-05-2008, 06:35 PM
Chickenmonkey, do you live in the United States? For people living in the U.S. it should be no surprise that it is somewhat of a free market, therefore a material good is worth what the market is willing to pay for it. The numbers mentioned above are guides only and can be way off market. I sold my wife's older civic with salvage title for 90% "clear title" market value and buyer was happy because it was clean and civic's are hot sellers. The civic was on craigslist for only a week. In comparison, I am trying to sell a 2004 cavalier (not such a hot car in the market) for almost half it's value and almost no calls for a few weeks.
Saying "salvage title cars are worth practically nothing" is a generalization that contradicts the market, or in other words - real life. I have sold bad title cars for close to clean title value and buyers were very happy. I have also owned and driven bad title cars for many years with no problems. You can hide some things from seller but not from a good mechanic, if the mechanic says the car is fine, you like the car and the much lower price, why not buy it??????? don't let others dictate what you should buy.
I keep track of salvage title cars prices at auctions and they are not cheap, these are prices before they are repaired.
I see a trend of people who can get good body shop deals from relatives or friends that they trust. They buy the car and have them fix it for personal use. If they trust the repairs and put their own kids in these cars, they usually know the cars have been fixed right. Then in a couple years they sell them to buyers who should still have a good mechanic inspect the car (clean or bad title).
By the way, a newer car with $4000 in damage stays a clean title after repairs. A car that is 8 years old with the same damage recieves a salvage title. Both clean and bad title cars always need to be inspected the same. It is the same game regardless of title status. Buyers, don't listen to the media, use your own head, and maybe you can save a lot of time and money. Educating yourself on subjects saves you from making naive generalizations and improves decision making.
01-08-2011, 12:36 AM
Internationalist, could you buy chance help me out? or anyone else for that matter.
I just got back from a business trip and the valet at the parking lot where I park just totaled my truck. He hit a light pole going about 40 dead on.
I have a salvage title but the truck was immaculate. I need to determine what a fair value would be and be able to support that with something. Can anyone help me out?
here is the truck I have:
Mileage: 41,200 Engine: V8, 5.4 Liter Transmission: Automatic Drivetrain: 4WD
Power Door Locks
Dual Air Bags
MP3 (Multi Disc)
Sliding Rear Window
01-08-2011, 01:33 AM
buccourt - Unfortunately I had to deal with insurance companies in the past. This was in 2001, I was rear ended and my already "oregon reconstructed" title bmw was totaled again. They called and told me the amount they will pay, title brand was never mentioned before or after the transaction. I was more than happy with the amount, it was slightly on the higher end market value regardless of title.
However, my friend had a rebuilt title car, and it got hit, insurance only offered him half value. He did not fight it and figured they had the authority to make that call. I would have fought it, because I also know from my own experience and others, it is common for insurance companies to low ball or deny claims all together the first time. As a matter of fact, I heard it from insurance experts, it is part of their job to low ball and deny first (this is how they make more money). They know, a certain percent of people will not put up a fight thinking thats just the way things are or it is a hassle to challenge the insurance company. But, you don't go to court, most of it can be handled over the phone.
So, ask them how much they will give you first. If you don't like it, tell them your price and stick to it. It might take a few tries till they agree.
Every situation is different. And remember, even though insurance is more computerized now, they still have humans who can over write many parts of the process. If you fight back and they see it as a potential time waster for them, they won't waste their time and will often be more lenient.
02-06-2011, 12:25 AM
How much would you guys say this rebuilt title is worth? The car runs perfectly fine from what ive driven, looks immaculate from the outside, and had from end collision from the carfax.
2010 Honda Civic Coupe LX with rebuilt title. Front bumper, airbags, hood, & fender replaced. Car looks, runs, and drives great!
5-speed manual trans
Less than 4k mi!
03-11-2011, 08:11 AM
I see a trend of a person who can get a good body from relatives or friends, they trust the store operators. They buy the car, let them solve their personal use. If they trust the maintenance of these vehicles in their own children, they usually know the right car have been identified.
04-28-2012, 01:18 PM
I am new here & just needed a little help. I bought a 1999 Honda Civic from a local used car dealer & it was totaled. The insurance company sold the car at auction & the same dealer bought it. He called us & said we could have first option to buy it back, which we would like to do. We don't know what he'll ask for it & I'm trying to find out how to determine the value so that I can buy it without paying too much. Any suggestions?
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