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Old 04-21-2015, 02:36 PM   #1
Nitis
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Re: Think I'm gonna have to sell my truck :(

In my limited experience the big ding on salvaged vehicles is that insurance will only pay like. 30% of the value of a non salvage vehicle
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Old 04-21-2015, 03:53 PM   #2
ptc
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Re: Think I'm gonna have to sell my truck :(

Mostly it all depends on the buyer.... and what they are looking for and what they will spend. "Everything has a Price"

The other thing someone mentioned is what an insurance company will re-insure the 'repaired vehicle' for with a salvage title. Even if somebody made a show truck out of it and dumped $50,000 into it, an insurance company may say its only worth $5000 to insure and thats their limit of liability on a "salvage vehicle". Thats the main problem with salvage titles....

I have a custom motorcycle worth about $25K I built from a salvage title but it can only be insured for $5000... in CA.
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Old 04-21-2015, 03:54 PM   #3
MARKDTN
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Re: Think I'm gonna have to sell my truck :(

Salvage title doesn't mean death. If you can see the before, it may be no big deal. I bought an '87 Suburban with a mild engine fire as salvage. Put a new engine harness on it and had the hood painted. Used the same belts and hoses (never took them off). I paid $2000 for it and sold it 2 years later for $3000 I think. Had an '89 IROC 5-speed that ran under a barbed wire fence. Paid $1650 for it. I put a used door and ground effects on it for under $100. Drove it 2 years and bought a nose for $75. I waited to find parts the right color so I never had any paint done. Drove it a total of like 5 years and 75K miles and sold it for $2000. One of the best cars I ever had. Point is, if you can show the damage up front, there is no reason to run from a salvage car. The right buyer will understand that. You won't get top dollar, but you should not have to give it away.
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