What are the drawbacks to purchasing and insuring a vehicle with a salvage title??

buellfire · 03-18-2008, 02:30 PM

If it is in good mechanical/visual condition? I have seen a few vehicles that are normally worth a lot more, but are sold for much less because of that title.

ColoradoMark · 03-18-2008, 02:33 PM

buellfire · 03-18-2008, 02:34 PM

buellfire · 03-18-2008, 02:41 PM

Richard Solomon · 03-18-2008, 02:49 PM

Agreed, resale might not be a big concern, but I'd want to know from someone I trusted *WHY* it had a salvage title.

LOTS of electrical gremlins in flood vehicles for instance....

gragravar · 03-18-2008, 02:59 PM

most insurers will only allow you to carry liability insurance on a car with a salvage title - if you wreck it you'll end up paying to fix it again. Insurance wont pay to fix a salvaged car.

PS sent you a mail about my rover pics - I cant get out of the office today to get some taken, but should be able to tomorrow.

buellfire · 03-18-2008, 03:09 PM

gragravar · 03-18-2008, 03:14 PM

nutzach · 03-18-2008, 04:32 PM

my S4 is a salvage title.......I have had it fully insured by State Farm and Allstate.

I don't know of any bank that will loan for a salvage title so you got to pay cash money.

IMHO, Salvage Title cars are not bad cars like almost everyone makes them out to be. If it was repaired right then they are no different than another. My S4 looks, drives, feels, and is just as fast as any other.

ColoradoBrad · 03-18-2008, 05:29 PM

Is your fueling kit on the way?

03-18-2008, 02:33 PM	#2
ColoradoMark AudiWorld Super User Garage is empty, add now Join Date: Apr 2000 Posts: 3,010	Assuming all is fine mechanically then I would think that resale value is the challenge __________________ 2002 Allroad Spec e30 race car 2000 F-250 turbo diesel tow truck NASA Rocky Mountain Group 3 leader

03-18-2008, 02:34 PM	#3
buellfire AudiWorld Member Garage is empty, add now Join Date: Jan 2008 Posts: 275	If you are already paying a super low price for it in the first place, what would the resale matter? __________________ "What we cannot learn from history we are doomed to repeat" - George Santayana

03-18-2008, 02:41 PM	#4
buellfire AudiWorld Member Garage is empty, add now Join Date: Jan 2008 Posts: 275	Also, is it possible to get financing on such a vehicle? __________________ "What we cannot learn from history we are doomed to repeat" - George Santayana

03-18-2008, 02:49 PM	#5
Richard Solomon AudiWorld Super User Garage is empty, add now Join Date: Mar 2000 Posts: 19,563	*IMO, that would be the BIGGEST thing one would ASSUME....* Agreed, resale might not be a big concern, but I'd want to know from someone I trusted WHY it had a salvage title. LOTS of electrical gremlins in flood vehicles for instance.... __________________ Richard '01 A6 2.7TQM "Turbos make torque, and torque makes fun." -Corky Bell

03-18-2008, 02:59 PM	#6
gragravar AudiWorld Super User Garage is empty, add now Join Date: Apr 2003 Posts: 17,262	insurance most insurers will only allow you to carry liability insurance on a car with a salvage title - if you wreck it you'll end up paying to fix it again. Insurance wont pay to fix a salvaged car. PS sent you a mail about my rover pics - I cant get out of the office today to get some taken, but should be able to tomorrow. __________________

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03-18-2008, 03:09 PM	#7
buellfire AudiWorld Member Garage is empty, add now Join Date: Jan 2008 Posts: 275	Thanks Andrew! I replied ;o) __________________ "What we cannot learn from history we are doomed to repeat" - George Santayana

03-18-2008, 03:14 PM	#8
gragravar AudiWorld Super User Garage is empty, add now Join Date: Apr 2003 Posts: 17,262	just saw that, thanks. __________________

03-18-2008, 04:32 PM	#9
nutzach Member Garage is empty, add now Join Date: Nov 2005 Location: Colorado Springs, CO Posts: 614	negative ghostrider....... my S4 is a salvage title.......I have had it fully insured by State Farm and Allstate. I don't know of any bank that will loan for a salvage title so you got to pay cash money. IMHO, Salvage Title cars are not bad cars like almost everyone makes them out to be. If it was repaired right then they are no different than another. My S4 looks, drives, feels, and is just as fast as any other. __________________ Imola S4 2001.5 /Stg. 3- E-codes RS4 grill Samco TBB 710N's ECStuning tie-rod ends STaSIS Tracksports 700/800 18" BBS CH's Matte Black (NEW!!) AWE Twin-1 some euro goodness RS4 KO4's ER SMIC Avalon Motorsports Oil Cooler!! O34 Motor & Tranny mounts Soon to come: AWE fueling now awaiting install!!

03-18-2008, 05:29 PM	#10
ColoradoBrad AudiWorld Senior Member Garage is empty, add now Join Date: Mar 2002 Posts: 705	Agreed. Also, having a TIP is much worse than having a salvage title :p Is your fueling kit on the way? __________________ AWE Stage 3 EdyJun's S4 Directory

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03-18-2008, 05:29 PM
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