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Salvage Title?

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Old 02-08-2008 | 09:40 AM
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Default Salvage Title?

How much does a salvage title decrease the value of a car? I'm looking at an 05 S2K with a little under 30K miles and they're asking a little below the KBB private party value in good condition. The car looks pretty good but it had a fender replaced and then a complete paint job. One headlight was also replaced, all OEM parts. The exhaust tips are also flattened out at the bottom from some bad scraping one way or another. Is this easy to do on a stock AP2?
Old 02-08-2008 | 10:36 AM
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look in the out there section of the site we just had a question on this....from the previous rebuilt cars that I have bought I've paid under the "fair" value. fair should be the lowest one I think. Anything over fair value isnt worth it because thats what used cars go for. but post the price and specs of car and we can decide
Old 02-08-2008 | 11:43 AM
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it depends on why it go a salvage title. somethings you never know what really happened to it. also how easy is it to insurance a salvage title car?
Old 02-08-2008 | 12:46 PM
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https://www.s2ki.com/forums/index.php?showtopic=564853

read up, I've never had a problem insuring salvage cars but look into it I guess
Old 02-08-2008 | 01:59 PM
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I see. I wasn't sure about the insurance aspect. Thanks for the info guys.
Old 02-08-2008 | 02:11 PM
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Originally Posted by chillout18,Feb 8 2008, 11:36 AM
[B] fair should be the lowest one I think. Anything over fair value isnt worth it because thats what used cars go for. [B]
um fair being for used cars......i dont know what kind of used cars you buy but when i trade my cars in they look like they just came off the showroom. i get excellent condtion and thats what price tag they put on the car.
Old 02-08-2008 | 03:29 PM
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Let me get this straight. It's 3 years after Katrina, you live in Mississippi, and you're considering a salvage-title car with a list of replaced parts that comes nowhere close to costing enough to total the car?

Ask yourself, "Why was this car totalled by an insurance company?"

If you're still interested in the car, I can make you a good deal on a bridge in New York.
Old 02-08-2008 | 10:23 PM
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Originally Posted by RedY2KS2k,Feb 8 2008, 04:29 PM
Let me get this straight. It's 3 years after Katrina, you live in Mississippi, and you're considering a salvage-title car with a list of replaced parts that comes nowhere close to costing enough to total the car?

Ask yourself, "Why was this car totalled by an insurance company?"

If you're still interested in the car, I can make you a good deal on a bridge in New York.
You make a good point, but for the record I never at any point had planned on purchasing the car once I found out how "new" it was and how low the miles are. It's out of my price range. The only reason I brought it up was because I was curious about salvage titles in general, and this particular vehicle was a great example.
Old 02-08-2008 | 10:45 PM
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Originally Posted by ragweed316,Feb 8 2008, 03:11 PM
um fair being for used cars......i dont know what kind of used cars you buy but when i trade my cars in they look like they just came off the showroom. i get excellent condtion and thats what price tag they put on the car.
thats great but I was talking about kbb value...rebuilt cars should be valued at less then the fair value....excellent...good and fair is how you rate used cars....i just stated different levels they are valued at
Old 02-09-2008 | 01:40 PM
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i bought a salvaged s2k back in july of 04. i bought a 2002 s2k with 23k miles for $18.5g. and no problem at all since then and it's still my daily driver. so just for your reference, that's what i did. good luck


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