Thread: Salvage Title
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Old 10-22-2009, 11:35 PM   #15
71swb4x4
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Join Date: Nov 2003
Location: Brookings, SD
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Re: Salvage Title

If you are going to keep it for a long time then it could be a great deal for you. The longer you keep it, the less the salvage title will affect it when you sell. Think of it this way. Let's say the salvage title makes it worth 2/3rds of book price. So it if books at $20,000 today, you can buy it for $13,333. You gain almost $7,000 from book. If you sell it in 10 years and it only books for $6,000, then you can sell it for $4,000. You lose $2,000 off book.

If the seller is being up front about the salvage title that is a good thing. I have owned three cars that were previously salvaged. All three were repaired right before I bought them. All three were great cars. I never had a problem related to salvage part of it. I would have no problem buying another salvage car. The one instance in which I would not buy a salvage titled car is if I thought I was going to buy it and sell it soon after. I would only buy one if I planned to keep it for quite a while.
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