Salvage title, seriously wtf

[ClassiE30]

do you work at The Weiner Law Firm LLC

Yes cause we fuck people hard!

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[djjerme]

Classic car values (like Hagerty) are based on past performance at auction/dealer sales/private sales.

From their own website: https://www.hagertyinsurance.co.uk/c...out-our-prices

NADA is the same:

"Vehicle values are determined by NADAguides analysts through careful review and analysis of vehicle auction and retail sales transactions."

http://www.nadaguides.com/FAQ/values-and-pricing#q61

The difference between Kelley and NADA:

"Kelley places a large amount of emphasis on mileage, condition, features and popularity, while NADA tends to focus on the vehicle’s wholesale price (i.e. what the dealer paid for the vehicle)."

http://www.usedcars.com/advice/kelle...s-nada-guides/

Yes, in recent years they have become a bit more consumer based, but they were NEVER intended to protect the consumer (like something Consumer Reports is trying to do.)

They were only used to as tools to help determine a fair value for used cars to be bought and sold by car dealers. Insurance companies eventually started adapting these tools as well for determining the net worth of a car after repair costs are calculated.

All of these situations are strictly built on a for profit model in that in the end whomever buys/pays for the vehicle should see some sort of return on the investment.

So if your goal is purely to buy cars and flip them as an investment source, then you may be able to use those guides to help buy a car for cheap and thus under the current Market Value, but do not EVER confuse Book Value for Market Value. They are not the same.

On cars like the E30, what is done to the car affects value quite a bit. So it can easily push the value of a bland/salvage/branded/reconstructed title car over book value.

Don't believe me, quick look up the book value for a 24v swapped 318i with 3-piece Hartge wheels..

In the end, none of this matters any ways and is moot point to argue, since a car (or any collectible) is only worth what someone else pays for it. So if I buy your E30 for $500, until I sell it again, it's realized value is $500.

Luckily, this is still a free market, so if you don't like the value of a car, you have three options: Pay the asking price, try to haggle for a lower price, walk away.

What this thread was supposed to do is beyond me, but it is a nice break from deals for Samsung phones and links to sporting event streams.

[agent]

What this thread was supposed to do is beyond me, but it is a nice break from deals for Samsung phones and links to sporting event streams.

Though for many of us, similarly classified.

[nando]

I'm thinking the OP overpaid for a crappy E30, and is pissed that there are clean examples that happen to have salvage titles selling for the same price.

[ClassiE30]

I'm thinking the OP overpaid for a crappy E30, and is pissed that there are clean examples that happen to have salvage titles selling for the same price.

That's were your assumption is wrong. I got a hell of a deal on an e30 that has been taken care of. If you have met me you know what I'm talking about.


If not then continue to ponder on what I payed for mine. And it's not salvage-title .

And the fact that you guys don't care of its salvage-title status is why I made this thread.

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[Andy.B]

Just a slow day at the law office.

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No toilets to scrub on a Friday afternoon?

[ClassiE30]

No toilets to scrub on a Friday afternoon?

Andy B.
Read my profile, you'll learn we're in different tax brackets, son.

If you want to attack me go ahead shows how shitty your life is.

Life is good when you do what I do. I worked for it.

But keep it up.




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[djjerme]

[ThatOneEuroE30]

Salvage title, seriously wtf

I'm thinking the OP overpaid for a crappy E30, and is pissed that there are clean examples that happen to have salvage titles selling for the same price.

Or thinks e30's are a 69 shelby. OP doesn't get these are e30's and when it comes down to it. Salvage title is just that a title... It in no way shape or form depicts the condition of the car or history of it. Hegarty,kbb sites like those are nothing but guides for insurance companies. Cause when looking at these cars you aren't looking for clean title or at least I'm not. Im looking for has it been taken care of whats been done, how was it salvaged and was it fixed properly.


Op your profile says operations manager. That says nothing about your tax return. For all i know you could be operation manager for the local crack house cause the way your talking thats what I'm starting to think.

[2mAn]

Im terrified if my "1984 BMW M10" gets into a crash from some girl in a corolla who was sending a text. Its one big reason why I took it off the street.

If nothing else, this thread has entertained me on a slow friday at work, but Im leaving work in an hour ... bummer what I might miss

[djjerme]

If nothing else, this thread has entertained me on a slow friday at work, but Im leaving work in an hour ... bummer what I might miss

Seriously, this thread is about summing up my work effort today. I am about to just bail and call it a day.

[ClassiE30]

Or thinks e30's are a 69 shelby. OP doesn't get these are e30's and when it comes down to it. Salvage title is just that a title... It in no way shape or form depicts the condition of the car or history of it. Hegarty,kbb sites like those are nothing but guides for insurance companies. Cause when looking at these cars you aren't looking for clean title or at least I'm not. Im looking for has it been taken care of whats been done, how was it salvaged and was it fixed properly.


Op your profile says operations manager. That says nothing about your tax return. For all i know you could be operation manager for the local crack house cause the way your talking thats what I'm starting to think.

Crack makes great money!
Shit, remember the excess of the 80s.
It was Crack, bitch!




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[2mAn]

Crack makes great money!
Shit, remember the excess of the 80s.
It was Crack, bitch!

if you drove a mtech2 triple white vert, then I would be convinced you sold crack in the 80s, but you dont and I am suspicious if you were even born in the 80s now :p

[ClassiE30]

if you drove a mtech2 triple white vert, then I would be convinced you sold crack in the 80s, but you dont and I am suspicious if you were even born in the 80s now :p

Seriously 1987 over here!

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[rcsoundn1]

So what about your profile says you are upper class? You know this is the internet and anyone with a small peter can say they are big