Used Car buying help

[AntMan530]

My motor is about to go out in my current car (white smoke). I just recieved an estimate for about $2.5 for repairs for an old civic.

I found another car I really like but it has a salavge title. How does a salvage title affect pricing?

do i take 20% off? 10%? Nice car and its cleaned up from the accident/theft or something.



Oh yeah, whats the best way to make a money transfer for a used car? He's requesting cash. I dont really like that idea. But he wont take a check 🙁

 

[CrackRabbit]

Generally salvage titled cars are a bad idea, unless you know exactly where the damage was and the severity of it. Buying one from a random guy is like playing russian roulette with your ride. You might be lucky and everything would work out right, but sometimes you get stuck with a car that has issues or becomes a money pit.

 

[waggy]

slvage title is a bad idea.

you can have insurance problems. not to mention safety issues.

i sure in the hell wouldnt do it.

 

[Sluggo]

I would not even consider a salvage title unless it was about 50% of the cost of a non-salvage car.

You should also plan on driving it until its dead since nobody will ever want to buy it from you.

 

[waggy]

Originally posted by: Sluggo
I would not even consider a salvage title unless it was about 50% of the cost of a non-salvage car.

You should also plan on driving it until its dead since nobody will ever want to buy it from you.

naa there are many idiots out that will buy a salvaged title.

 

[thomsbrain]

Originally posted by: Sluggo
I would not even consider a salvage title unless it was about 50% of the cost of a non-salvage car.

You should also plan on driving it until its dead since nobody will ever want to buy it from you.

QFT.

 

[thedarkwolf]

Yeah around 50% and people freak out about salvage titles a bit to much. If its a really new car then its probably been hit really hard but now a days you can total an older car just by denting the fender (slight exageration 🙂 ). You will have problems selling it but if you buy it cheap enough and sell it cheap enough it won't be that big of a deal. I never had insurance problems on the one I owned.

 

[AgentJean]

Originally posted by: thedarkwolf
Yeah around 50% and people freak out about salvage titles a bit to much. If its a really new car then its probably been hit really hard but now a days you can total an older car just by denting the fender (slight exageration 🙂 ). You will have problems selling it but if you buy it cheap enough and sell it cheap enough it won't be that big of a deal. I never had insurance problems on the one I owned.

I was in an acident with a 96 Nissan about 3 years ago. The accident was "bad" enough to cause the air bags to deploy, however actuall damage was not that bad. I only needed a new fender, maybe a new hood, and radiator. But the cost of them damn air bags made my insurance company totaled the car. It was going to be like $3000 in parts(just for the air bags), not including labor. The car was only worth $4200