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#572135 - 02/09/19 09:38 PM Would you buy a salvage title vehicle?  
Joined: Feb 2003
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Frantically Relaxing Offline
Admiral
Frantically Relaxing  Offline
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Posts: 11,806
So the 2 Escalades I showed off in my previous thread have been sold. They were both 400 miles away and the Mustang still sits under its carport, and while I can afford 2 car payments, I'd rather not, but--

Here in town is a 2014 Escalade, 58k miles, well equipped, its' all the right colors in and out, looks like new in the pics, but it was bad enough wrecked to be totaled, bought and sold by the insurance company. However, It passed an inspection by BlueStarCar inspections. About the only weird thing I see is the left 3rd row seat looks more used than the right (wrecking yard replacement seat maybe). It's a 2-owner car, but 2nd owner is the insurance company... It's priced about $4k below anything similar, and has been on the market long enough I might can haggle another couple grand off...

Given the fact we may drive this thing 800 miles a year and will likely have it 10 years or more, down-the-road resale value isn't going to matter much. I don't know that I shouldn't at least go LOOK at it, it's only 8 miles away. And personally, I don't have a problem with rebuilt vehicles, as long as it's done right and not a cobble-job...

Anyone have any horror stories?



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#572137 - 02/09/19 11:43 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
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GoFirstClass Offline
Retired Boating Bum
GoFirstClass  Offline
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Grand Poobah

Joined: Nov 2003
Posts: 15,229
Pasco, WA
I would look at it and also take it to a mechanic that I 100% trusted and have him check it out. If it was wrecked I'd have a good alignment shop put it on their equipment and see how it lines up.

Speaking only for myself here, If I was only going to drive it 800 miles a year I would have to seriously consider renting a vehicle for the few times I wanted to arrive in a vehicle like that. If you rented one you wouldn't have your cash tied up in it and if it went to hell in a handbasket you have no loss.


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!
#572138 - 02/10/19 03:13 AM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
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Frantically Relaxing Offline
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Frantically Relaxing  Offline
Admiral

Joined: Feb 2003
Posts: 11,806
Sad fact is, working at home means no commute, but I still drive somewhere almost every day; post office, grocery store, Walmart, the occasional dinner out, but only adds up to around 10 or 15 miles a week. Summer means trips to the lake which is 54 miles round trip, but the past 3 summers we've been to the lake maybe 4 or 5 times. Because I drive frequently a rental is out of the question. I could likely get a killer lease on a brand new one because I can guarantee less than 2000 miles per year, but even a killer lease payment on an $80k vehicle is still going be a ton!

If I want a nice vehicle, my cost per mile is going to be atrocious, not much I can do about it other than NOT have a nice vehicle...

Not exactly unlike paying for a boat you can only use 5 months a year wink


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#572142 - 02/10/19 09:19 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
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Jack T Offline
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Jack T  Offline
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Southern California
We had a salvage VW Jetta that had only 800 miles on the odometer when we bought it. I had known Dave, the restorer over the years and he does a nearly a perfect job on his cars. We drove the car for 150,00 more miles, still sold it for a great price. The car nearly cost nothing for the years we owned it. Dave is a stickler for knowing what he has to do and only works on VWs. He even repaired things for me at very low rates, usually 25 to 50% lower than other shops. I still know Dave and visit him often. And, he wants to learn more about our 2012 diesel, so he will sometimes scan the car when I have a problem at no charge. He currently builds race cars for the local amateurs and has had some great successful cars. I know one guy had his car modified with newer version engine, but Dave made sure it would pass smog before selling it. Yes, all of his cars are street legal.

The success we and several people I have met have had is dependent on Dave doing the right thing. Unfortunately, he may be short on this planet in the future. Bottom line, I wouldn't trust a salvage car unless I knew why the insurance company totaled it. Could have been major damage or just a bunch of airbags going off. If you can get pictures of the damage, that might help. I would caution you in getting the car.

I assume you are looking for a tow vehicle. If that's the case, ignore my next statement. Have you considered leasing a compact car? I had our Passat in the shop for a flash upgrade. They loaned me a 2019 VW Jetta base car. It had a turbo'ed 1.4 L engine. The sticker on the car was $20K. By old standards, this small engine would have been considered a snail. But, I found it to be quite fun to drive, and never felt it was under powered. I was really impressed. It is likely that you could lease one of these or another small car for just $100/mo. If you are looking for any vehicle, I would suggest going to the nearest VW dealer and drive one.


Have a great day of boating
2012 Monterey 224 FS,
300 HP Volvo Penta with catalytic converters

#572144 - 02/11/19 04:22 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
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captkevin Offline
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captkevin  Offline
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Chicago, IL
Would want to make sure it is done right. Have a trust worthy body shop give it a through inspection to make sure. See if there is any information regarding the damage & repairs. Pictures of damage. If it is local see who did the repairs.


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#572145 - 02/12/19 01:22 AM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Jan 2003
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Jack T Offline
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Jack T  Offline
Admiral

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Southern California
Check especially signs of flood damage.


Have a great day of boating
2012 Monterey 224 FS,
300 HP Volvo Penta with catalytic converters

#572146 - 02/12/19 09:13 AM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Oct 2003
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captkevin Offline
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captkevin  Offline
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Chicago, IL
Take a look at the carfax. Shows repair history & where repairs were done.


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#572151 - 02/13/19 01:36 AM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Jan 2003
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Jack T Offline
Admiral
Jack T  Offline
Admiral

Joined: Jan 2003
Posts: 3,901
Southern California
I've wondered how CarFax gets it data. Dealerships (mechanical repairs), insurance companies (collision repairs and totaled vehicles), tow companies, DMV?. But my one-mechanic shop doesn't report anythnig to anybody. Maybe some states have laws that require sharing the info. Hopefully, others here have more information.


Have a great day of boating
2012 Monterey 224 FS,
300 HP Volvo Penta with catalytic converters

#572194 - 02/24/19 02:48 AM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Jun 2004
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Silverbullet Offline
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Silverbullet  Offline
Admiral

Joined: Jun 2004
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Boise, ID
It would depend on the use. For a daily beater that I didn't care about resale. I guess so. I would want to know what happened. Flood damage is out. I don't want to battle electrical gremlins. An accident that was more costly to repair? Perhaps.

I don't own any and haven't, but I see them being offered on CL all the time.


James
2002 Cobalt 226 VP 8.1GIDP
2007 Chevy 2500HD Crew Cab Duramax
1988 Suburban 3/4 Ton
2000 Subaru Forester


#572203 - 02/25/19 12:30 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
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casualboater Offline
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casualboater  Offline
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Highland, Michigan
This is an interesting thread for me. We have 2 dealerships in the area that specialize in rebuilt vehicles. The savings is significant, and they show you all the before pictures so you see exactly what was damaged in the first place. They state does require an inspection to re-title them, but I don't think it's that in-depth.

I am also not concerned with resale value, but I wonder what insurance and financing would be like. I haven't been close enough to purchase (trying to milk the current vehicles for all their worth) to do this research, sounds like some of you have done this, could you give a short version on any experience with insurance and/or financing?


1989 Larson DC 190
2007 Saab 9-7x
#572204 - 02/25/19 02:01 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
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captkevin Offline
Admiral
captkevin  Offline
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Chicago, IL
My concern would be how would the insurance payout be effected in the event of a major claim with a rebuilt title?


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#572205 - 02/25/19 06:20 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Jan 2003
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Jack T Offline
Admiral
Jack T  Offline
Admiral

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Posts: 3,901
Southern California
When we had the VW Jetta, the question of salvage never came up with the insurance company, so it was never a concern. Insured it as a "normal" car.


Have a great day of boating
2012 Monterey 224 FS,
300 HP Volvo Penta with catalytic converters

#572206 - 02/25/19 09:53 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Oct 2003
Posts: 7,556
captkevin Offline
Admiral
captkevin  Offline
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Chicago, IL
My concern would be in the even the vehicle becomes totaled the insurance company would have full access to the information of salvage title & imagine that it would greatly reduce any payout.


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#572208 - 02/26/19 07:04 PM Re: Would you buy a salvage title vehicle? [Re: Frantically Relaxing]  
Joined: Aug 2005
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WayWeGo Offline
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WayWeGo  Offline
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Oakton, VA
That could become a slippery slope for an insurance company. With all their attempts to use aftermarket and used parts that are not really original quality, they could be setting a precedent they really don't want to make. I think if you could document proper repairs to the car after the accident, they would have to accept it as good as before the accident.



1975 Trojan F36 Convertible, Twin Chrysler 440's
2014 West Marine AL360 Inflatable, 1966 Mercury 6HP, 1992 Mercury 20HP

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