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THE LOBBY A gathering place. Introductions, sports, showin' off your ride, birthday-anniversary-milestone, achievements, family oriented humor. |
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#61
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There is a shop in town that is well known for fixing and selling wrecks. All their cars have salvage titles and they have buyers waiting because they sell them cheap. No, absolutely not for everybody, but if you're cheap, don't mind playing russian roulette and plan on junking it when you're done with it go for it as it certainly isn't for everybody.
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#62
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Reading some of the responses here makes me think there is some confusion as to why some cars are branded as salvage or rebuilt. It's not about the hobbyist or professional repairing or restoring a car. It's about the insurance $ide of it. Here is a good explanation.
https://en.wikipedia.org/wiki/Salvage_title |
#63
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The insurance is a whole different issue. Before I got a car with a salvage title I would check to see what kind of ins. I could get. My brother had volvo that was wrecked. Not a lot of damage but it was an older car and the loss was more than the value. He bought it back from the ins and had the repairs made. Car was like new again. He could not get full coverage ins. because it had already been totaled once.
Theres a guy down the street from me that does the rebuild wreck thing on mitsubishi's, and he always has cars available for a decent price. But like was mentioned, everyone around knows what he is selling. |
#64
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Quote:
I don't think they're a bad deal, as long as you recognize that the good deal you're getting at the purchase will also be reflected on your asking price when you go to sell it.
__________________
"Those poor souls have made the fatal mistake of surrounding us. Now we can fire in any direction" 1970 Trans Am RAIII 4 speed 1971 Trans Am 5.3 LM7 1977 Trans Am W72 Y82 1987 Grand National |
#65
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So.... All this proves is that there really is an ass for every seat if the price is right.
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#66
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My favorite saying!
__________________
"Those poor souls have made the fatal mistake of surrounding us. Now we can fire in any direction" 1970 Trans Am RAIII 4 speed 1971 Trans Am 5.3 LM7 1977 Trans Am W72 Y82 1987 Grand National |
#67
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a real flipper would revin that car... At swap meets youll see a old scrapper selling titles for 100-250$ for "collections" only. Wink wink..
The guy makes a tag... whammy new clean car. Obviously numbers wont match but a salvage title is worse than unmatched numbers. Yes its breaking the law. Ive never had to do it but i know plenty of people used to get Georgia titles, and other states that handed them out like candy for old cars. Lets be honest, the car isn't affected by a wreck if the frame and everything else is replaced. You should always have a car inspected if you cant do it yourself... In ohio they check for hidden vins, many states do. Stolen history etc but most know where these are. A unibody wreck will probably be on a whole new donor body. Your probably hosed, a salvage car brings much less. If you want to own and drive it, do it, who cares. Your kids might when your dead because it will bring less money. Many people look at re-vinning like speeding... many look at it like your committing murder. Many flippers do it on a daily basis because they make alot of money. Somehow these flood cars end up in your local corner car lot? They end in auctions with clean titles? So i understand some states getting crazy agressive. But these are classics, the should be treated a little differently... Classics that have been fully restored should be able to have a salvage title removed. You should have professional inspectors and provide documentation thats its been restored to original condition. But the laws are there to stop scummy flippers and revins... |
#68
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What 400 4spd. said. Check with your insurance company.
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#69
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Being in the automotive industry for over 40 years, this has been my experience as well. Especially on classic cars.
__________________
Jeff |
#70
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Hey Fred,
I have the solution to your dilemma, I have an original matching numbers, original sheet metal, never wrecked, original paint 69 Firebird 350HO with a clean title. Now, there are no worries about buying a car with a questionable title and it's going to go up in value you don't have to worry about being upside down into something with a dirty title.(under 30 cash, PM me)
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Past Poncho's..... 1958 Pontiac Chieftain/ old stock class drag car 71 T-37 400 4spd Nordic Silver 71 GTO 455HO Nordic Silver 71 GTO 400 4SPD Tropical Lime 70 GTO Convert 400 4spd 3.90 rear 70 LeMans Sport 400 69 Firebird 350HO Carousel Red Tom Miller "Just because it hasn't been done, doesn't mean that it can't be done!!!" |
#71
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It is tracked through an insurance claim. If there is never a claim, no one will know
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