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10-22-2004, 12:58 PM
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#1 | |
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AF Regular
Join Date: Oct 2004
Location: murrieta, California
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Salvage/Rebuilt title, Should I be concerned?
I found a 1995 Lexus SC400 that has just over 100,000 miles. It is at a dealership and they wanted $7000 for it. Then they just found out it has a salvage/rebuild title. The car looks to be in very good condition and the salesman said they would go $500 less because of the salvage title. Is this a good deal and should I be concerned at all?
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10-22-2004, 09:36 PM
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#2 | |
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AF Enthusiast
Join Date: Jun 2002
Location: Chicago, Illinois
Posts: 3,476
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Thanked 7 Times in 7 Posts
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Re: Salvage/Rebuilt title, Should I be concerned?
yes, I would be concerned, there's a chance the frame is not quite straight and will cause uneven handling and tire wear or that the drivetrain took a hit in the incident and is close to going out
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Dr. Disque - Current cars: 2008 BMW 135i M-Sport 2011 Mazda2 Touring Past cars: 2007 Mazda 6S 5-door MT 1999 Ford Taurus SE Duratec |
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10-22-2004, 10:24 PM
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#3 | |
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AF Regular
Join Date: Jan 2004
Location: Charleston, West Virginia
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In my area it is impossible to get a dealer to take a car with a salvage title in trade. My son bought a nice rebuilt Volvo with a salvage title and couldn't trade it or sell it. Finally a guy hit it and totaled it. His insurance company reduced book value by about 25% when they paid my son for the car. My advice - don't buy it.
Regards: Oldengineer |
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10-23-2004, 01:35 AM
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#4 | |
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Scuderia Kimi
 
Join Date: Mar 2004
Location: portland, Oregon
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Theres a reason salvage titles are so cheap...
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Kimi Raikkonen 2007 WDC Scuderia Ferrari 2007 WCC  "I collect walnuts" -Kimi Raikkonen on his hobbies outside of F1 |
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10-23-2004, 02:14 PM
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#5 | |
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AF Enthusiast
 Join Date: Aug 2004
Location: Bay Area, California
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Re: Salvage/Rebuilt title, Should I be concerned?
It would be worried about salvage/rebuilt tittle epasily if it was 7000 and thin the salesman thin just drops it lesss to 500. I would just walk away or if you are really wanna get get a carfaz report first to see what wrong with it was it has its tittle it does.
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10-30-2004, 06:34 PM
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#6 | |
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AF Moderator
Join Date: Jul 2002
Location: Homeless, Illinois
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Re: Re: Salvage/Rebuilt title, Should I be concerned?
Don't buy it. Insurance won't give you full coverage and the resale value is very low. In most states a "rebuilt" car must go through a state inspection so they are some what safe.
Do you know what damage it had? Collision, Flood, etc? |
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10-22-2007, 05:13 PM
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#7 | |
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AF Newbie
Join Date: Oct 2007
Location: phoenix, Arizona
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Re: Salvage/Rebuilt title, Should I be concerned?
 I buy and sell salvage. However, my advice is have someone look at it and make sure that it is in  good condtion, frame and mechanics . I have been rebuilding salvage vehicle for nearly seven years. I don't like to buy ones that have been hit hard, but every deal is different. |
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10-22-2007, 08:52 PM
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#8 | |
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AF Moderator
Join Date: Sep 2004
Location: syracuse, New York
Posts: 11,311
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Re: Salvage/Rebuilt title, Should I be concerned?
Please check the dates of the last posts and avoid posting in those threads older than 90 days. This one has been inactive almost 3 years!If you have something new to add, start a new thread and link to the old one.
Closed.
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