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SVTPerformance's Chain of Restaurants
Road Side Pub
Value hit for salvage title?
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<blockquote data-quote="Torch10th" data-source="post: 15308383" data-attributes="member: 15703"><p>There's a couple things here. In most areas you can't get full insurance coverage on a salvage title vehicle. So not comprehensive or collision, just liability. That means if anything happens to the car, you're paying for it all.</p><p></p><p>That alone would deter me completely from ever purchasing a vehicle with a salvage title, regardless of any discounts.</p><p></p><p>In that regard though, I would want to know what happened to the car. If it was in a large wreck, it's possible that it could have been repaired properly and not have any issues. If it's a flood car, that would again deter me from ever buying it. My point here is it's hard to lay down a discount percentage or price without knowing exactly why it has a branded title.</p><p></p><p>Something with a branded title, I would never pay anywhere near what some of the Terminators are bringing. In fact I'd want to come in several grand below what NADA is saying the car is worth. Even if you're not worried about resale, don't get taken by a bad deal.</p></blockquote><p></p>
[QUOTE="Torch10th, post: 15308383, member: 15703"] There's a couple things here. In most areas you can't get full insurance coverage on a salvage title vehicle. So not comprehensive or collision, just liability. That means if anything happens to the car, you're paying for it all. That alone would deter me completely from ever purchasing a vehicle with a salvage title, regardless of any discounts. In that regard though, I would want to know what happened to the car. If it was in a large wreck, it's possible that it could have been repaired properly and not have any issues. If it's a flood car, that would again deter me from ever buying it. My point here is it's hard to lay down a discount percentage or price without knowing exactly why it has a branded title. Something with a branded title, I would never pay anywhere near what some of the Terminators are bringing. In fact I'd want to come in several grand below what NADA is saying the car is worth. Even if you're not worried about resale, don't get taken by a bad deal. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Value hit for salvage title?
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