Sunday, July 25, 2010

Looking to purchase a vehicle with a salvage title tomorrow but need some advice / tips??

I was looking for a used vehicle to purchase over the internet and found one that is highly in my interest.





Everything about the car including condition, mileage, interior, exterior seems to be perfect. When I asked the seller about why the car has a salvage title, he replied that the first owner had a minor accident in the bumper due to a motorcycle rear-ending him.





I don't know much about salvage titled cars, but i always thought that being in a accident that damages the car's frame, engine, or having the airbags deploy meant salvaged title...





so i'm kinda wondering why the car has a salvage title if the accident was from behind, which didn't even touch the engine, and not even a major accident.





Can anyone tell me if this is true, how the salvage title works, and if i should look forward to this car or if it seems a little sketchy.





Thanks very much all.Looking to purchase a vehicle with a salvage title tomorrow but need some advice / tips??
Salvage title means the car was totalled in an accident. I don't see how a small accident with a motorcycle can total a car unless it is quite old. You didn't say what the year make %26amp; model are so I can't guess at that part. Also, like someone else said, you may want to take it to your mechanic before you buy it if possible. It MAY be perfectly fine, depending on the actual damages that totalled it. Will the seller give any warrantees or is it ';as is';? Also, remember with a salvage title, the value is going to be between 40-50% of the value of the same vehicle with a ';clean'; title. Look up the value on nada.com %26amp; see what it says %26amp; then take 40% of that number %26amp; see if you are really getting a good deal.


Will the seller give you the VIN so you can run a carfax check?? I would absolutely do that. It costs money to run the check but worth every penny for the information you can get. You can see what the actual cost of the damage was %26amp; know if you are getting the truth from the seller.


I would be very wary of this deal, especially on the internet where you can't go to see it in person.Looking to purchase a vehicle with a salvage title tomorrow but need some advice / tips??
A car is salvaged when the damage done to it is the same or almost the same as what the car is worth. If the car was only worth $5000 when it was in the accident it may have been salvaged because paint alone can cost a few thousand dollars. I would reccomend having a shop go over the car completely. I bought a salvage title car before and it treated me perfectly. Just remember that you will not be able to get Blue Book pricing when you sell it.
mbrcatz17 has the best information for you. Every state has different rules for salvage registrations. Every insurance company has different rules for salvage values. But if the car has a salvage title, you are going to have more work on your hands to register it than if it did not. It often requires a very extensive inspection (not like the safety and emissions test) done by DMV at their facility and if they find problems, you're responsible because you bought it as-is.


Make sure you know what you are getting into before you buy it. There are lots of cars out there....keep looking
The salvage title means, the car was totalled out. That means, the cost to repair the car is more than the car is worth. He's not telling the truth about this accident - unless it's a 68 Dart, and the windshield got cracked.





You're not going to be able to register it for road use, until after it is repaired enough to pass a safety inspection.





If you still want to buy it . . . look at the kbb private party sale value, and know that at one point, this car had more than that in repair costs that had to be made. And don't buy it sight unseen - have it inspected by a mechanic first.
How are things hem my questions are the same as yours, but I have a friend who met here on the net that I enviu this http://www.mensagi.com.br with him and I am taking all my questions, see also ok cn
MOST INSURANCE COMPANIES WILL NOT INSURE THESE VEHICLES BECAUSE OF LIABILITY TO THEM.





IF THEY DO INSURE IT FOR YOU THE RATES WILL BE HIGHER AND THE VEHICLE WILL HAVE TO BE FULLY INSPECTED.





IF YOU BUY ONE OF THESE VEHICLES FOR $10,000 AND YOU ARE INVOLVED IN AN ACCIDENT AND THE VEHICLE IS TOTALED, THE INSURANCE COMPANY MIGHT GIVE YOU 1/3 OF WHAT THE VEHICLE IS ACTUALLY WORTH.





EVERYONE THAT BUYS ONE OF THESE VEHICLES WILL END UP PISSED OFF OR IN THE POOR HOUSE.





VERY BAD TO BUY NO MATTER HOW GOOD THE PRICE MIGHT BE.





ALSO YOU CANNOT GET ANY TYPE OF WARRANTY OR EXTENDED WARRANTY ON THESE VEHICLES AS WELL.

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