Salvage Title Vehicles

KWight

Active Member
This is similar to my experiences... I currently own a rebuilt/restored titled vehicle that I bought as a salvage title. I did the work to repair it, and would do it again. It is silly how much money you can save this way.

On a side note, I think vehicles are being totaled with less damage these days than they used to be... I guess the insurance companies have figured out that they can spend less/make more by salvaging it and reselling it than by paying to repair it. Of course, this also means you can pick up salvage title vehicles with less damage than you could 5 years ago...

x3 I have had several as well. I bought them from salvage auctions, fixed them up and sold them at less than wholesale and most people were so happy they did not care that it had a salvage title I never had any problems insuring them and sold my Nissan truck for more than what I paid for it nearly five years later.
 

blznnp

Well-Known Member
Location
Herriman
Not sure whats wrong with your agent, I have state farm and had no problem insuring mine
I didn't ask the office here in West Jordan when I first moved here, but my agent in WA was this way, wouldn't surprise me if its up to the agent themselves and not something thats a company policy. Haven't bothered to ask Bear River, which is who I have now.
 

Rogerwh0

Member
Location
Vernal Utah
I would be careful on these if it is a newer vehicle, I deal with it every single day. Vehicles are conisered a "total loss" not by the extent of damage but the dollar amount to repair it. It is strictly economics of repair VS replace. Basically is it cheaper to replace it or repair it. There is nearly always a reason it was totalled. Make sure you know who is fixing it or who did fix it. Some times it is not a persons intent to deceive they just really don't know that they are repairing it incorrectly. There are alot of people out there that "rebuild" totals that go to great length to make it appear that the damage has been repaired correctly when if fact it was not. I have seen rebuild shop repairs that spent more time concealing the improperly repaired damage that it would have taken to fix the damage correctly. I have seen some "repairs" when we have done a pre purchase inspection that were absolutly unsafe. Unless you can do the labor or can get it done at a huge discount or have a donor to get the parts for very cheap it is really tough to come out ahead with a vehicle that will have about a 50% lower street value. As always there is the exceptions, water damage (fresh water only!!) and theft recoverys are great ones to get. The insurance companies just dont wat to risk that there will be something show up later on these types. Total's come through insurance companies that spend millions to make sure they are fixing cars correctly as cheap as possible to keep there profits up. Rarely do they total a vehicle for no reason as they cost an insurance much more to total them than they do to repair them.

I own Basin Collision Repair and would definitly inspect and measure it for you at no charge, but I am in Vernal>>> Cascade does do a great job,also I ran shop in Draper (Cental Collision) years ago that would do it for you also.
 

Bart

Registered User
Location
Arm Utah
I've owned several salvaged titled vehicles, including my last Harley. I knew what had happened to them before and how they were fixed. My favorite TJ that I built from 5 wrecked ones, had a salvaged title. It all depends.
 

rholbrook

Well-Known Member
Location
Kaysville, Ut
Theft recovery is great because what happens is the insurance companies pay the claim and then the car is found. They dont want to deal with the paperwork and trying to get the money back and if the owner has replaced it already, its just easier to call it theft recovery. A friend of mine had that happen to a motorcycle. He got the claim paid and the bike back two months later from the cops. Called the insurance company and they told him that his call did not happen.
 

KWight

Active Member
I would be careful on these if it is a newer vehicle, I deal with it every single day. Vehicles are conisered a "total loss" not by the extent of damage but the dollar amount to repair it. It is strictly economics of repair VS replace. Basically is it cheaper to replace it or repair it. There is nearly always a reason it was totalled. ..........As always there is the exceptions, water damage (fresh water only!!) and theft recoverys are great ones to get.

I have seen several exceptions aside from those you listed. Years ago at one Salvage auction a one year old Geo Metro with 10,000 miles on it was sold for $600. The damage consisted of a dented drivers side fender that caused the air bag to deploy. My inspection did not reveal any other damage. I picked up others for cheap as well but trucks and 4x4s seemed to command higher prices. The guys from south of the border also drove the prices up quite a bit when they attended.

That said, a good inspection is well worth the money spent as I knew guys that did superficial repairs, including one who cut out a section of the unibody frame to make it look right so he could make a bigger profit off of it.

Kevin
 
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