Value of salvage or Manufacturer buyback title
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From: University Place, WA
I've seen a couple cars that have low mileage, look very clean, but have a salvage or Lemon title. In general, my understanding was that a branded title made the car worth maybe half what it would be otherwise. Still, it could be a good deal if the repairs were good and complete and you were going to hang on the to car for a long time.
Thoughts?
Dave
Thoughts?
Dave
only salvaged car I would want to own... would be if I owned it before it got salvage.. and I watched it get repaired.. but hopefully it would of been from theft... then I would paint it matt black and turn it into either a drift or track car... lol too many shady people and too many shady body shops out there for me to trust
Originally Posted by dhays
I've seen a couple cars that have low mileage, look very clean, but have a salvage or Lemon title. In general, my understanding was that a branded title made the car worth maybe half what it would be otherwise. Still, it could be a good deal if the repairs were good and complete and you were going to hang on the to car for a long time.
Thoughts?
Dave
Thoughts?
Dave
My thought is that there are too many "ifs." Don't do it.
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Originally Posted by davidv
I think it could be a good deal if the repairs were good and complete and you were going to hang on the to car for a long time.
Still, lots of potential problems.
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Originally Posted by dhays
That is what I was wondering. A branded title makes the car worth only about 1/2 what it would be otherwise. That means that over time, the depreciation is also only half of what it would be with a normal title.
Still, lots of potential problems.
Still, lots of potential problems.
There are a group of knowledgeable people including mechanics and professional buyers who can do well buying salvage vehicles. It takes a professional to weed out the lemons. Everyone else should stay away.
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From: University Place, WA
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