IRPerformance |
10-13-18 05:00 PM |
Its worth about half that to me because of the title issue. The biggest problem with salvage cars is god forbid it gets crashed or stolen, most insurance companies will give you very little for it as it has already been paid out as a total loss. There are different way a car can get assigned a salvage title. The most common is often a serious accident that gets estimated at more than 60% of the value of the car. This can vary by company and type of insurance. Flood cars often get issued salvage titles. They are notorious for having constant electrical problems. The best way you can have a salvage title if there had to be one I would say if the car was stolen and many parts taken. It could then be totaled out because of the cost of replacing the parts and reassembling the car. Still, I feel for that price there are much better examples out there. Also don't forget resale value will be significantly affected as well.
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