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MotorGround >> Buying car with salvaged title?


2/20/07 4:32 PM
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Jack Carter
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Edited: 20-Feb-07
Member Since: 01/25/2004
Posts: 26632
 
Any tips of buying a car with a salvaged title?
2/20/07 7:34 PM
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mad tiger
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Edited: 20-Feb-07
Member Since: 01/01/2001
Posts: 4716
I think you might wanna go low blue book value.
2/21/07 2:29 AM
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Jonwell
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Edited: 21-Feb-07
Member Since: 01/01/2001
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Found out why it has a salvaged title.
2/21/07 12:44 PM
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Ponyboy
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Edited: 21-Feb-07
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What kind of car?
2/21/07 1:35 PM
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Jack Carter
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Edited: 21-Feb-07 05:21 PM
Member Since: 01/25/2004
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2004 Corolla. Guy said front damage, but repaired with genuine toyota parts. 2005 Sport model asking $8,700. Don't think I'll entertain the possibility of buying it anymore. Last thing I need is a small collision = the car falls apart
2/22/07 5:30 PM
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Jack Carter
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Edited: 22-Feb-07
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Actually, I'm thinking about at least taking a look at this car, running it's VIN. The price is 70% below the average KBB value for this car. It's been repaired & the guy said it was a minor front end collision. Initially I was planning on spending up to $12,000 for an 04-06 Corolla, but $8,700 for a low-mileage car that most likely (?) works like new and has a reduction in price because of it's salvaged title is too good to pass up for myself since this is the year and model I'm looking for. It's a car I plan on running into the ground, not reselling
2/23/07 1:17 PM
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Tri Choke
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Edited: 23-Feb-07
Member Since: 01/01/2001
Posts: 2142
Don't do it. I bought one when I was 18, and it was the worst possible experience. It's too much of a pain in the ass.
2/24/07 2:54 PM
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Jack Carter
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Edited: 24-Feb-07
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Posts: 26818
What was wrong? This guy is saying "minor front end damage" and that it has been repaired with genuine toyota parts. Ran 8,000 miles after fixup and no problem. 31k miles total. HOw can it have a salvage title from minor damage? I'm going to call this guy up and get every detail. What questions should I ask this guy? Shouldn't he have a damage assessment from the insurance company for anyone to look at?
2/26/07 9:02 PM
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big_slacker
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Edited: 26-Feb-07
Member Since: 01/01/2001
Posts: 12848
"HOw can it have a salvage title from minor damage?" That is exactly what you should be concerned with. Who cares what the guy says or what you ask? He can lie. If it looks to good to be true.....
3/5/07 7:13 PM
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ez
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Edited: 05-Mar-07
Member Since: 01/23/2003
Posts: 460
I run a fleet body shop(semi trctors) but do buy a few cars for resale.Id ask to see any pics of before or during the repair process.I always take pics especially if damage is minor as it helps for resasle.Ask to see reciepts for those toyota parts replaced.Take it to a collision repair shop.I can usually tell where almost any repair has been made as can most bodymen.If everthing adds up(his story seems genuine)it may be a good buy as long as finacing isnt an issue.Usually banks shy away from salvage vehicles.Hope this helps.

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