Salvage title, seriously wtf

[ClassiE30]

Then why bring it up? Clearly, you're failing to understand that KBB isn't a useful metric for cars that are 3 decades (and nearly 5 model generations!) old.

Yes. I quoted KBB as it relates to the car industry as a whole. E30s are not exempt from the car industry. The industry as a whole sees the value of a Salvage title as half of a clean title car. Period.

Ask Hagerty they will say the same. Shit, they will not insure it.

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[nando]

I'm not using KBB to value the car.

I use Hagerty and have an agreed upon value for my beautiful e30.

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Then why bring it up? Clearly, you're failing to understand that KBB isn't a useful metric for cars that are 3 decades (and nearly 5 model generations!) old.

[Vivek]

You paid even less attention to the paragraph. He clearly states a clean title car is worthless because of some wacky logic he describes.

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He simply said that it's possible for a car to have a clean title and be a piece of shit. Not "all cars with clean titles are worthless" or whatever you're trying to imply. Do you know how to read? Holy shit.

[nando]

I didn't say they were worthless because they have a clean title. I said most E30s are pieces of shit. They are 30 year old, used, abused, beat to crap cars - just because they have a clean title, doesn't mean anything. That isn't wacky logic - it's a fact.

[ClassiE30]

He typed an entire paragraph and you ignore it all to focus on one word. And then add one more sentence that I really don't understand ("And now a "clean title" is regarded as a piece of shit!") all while repeatedly insulting someone who is far better-spoken and more knowledgeable than you are. Solid.

You paid even less attention to the paragraph. He clearly states a clean title car is worthless because of some wacky logic he describes.

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[nando]

I did not say "plentiful"....I said "not scarce". But go ahead; that's how much attention you pay while a discussion is in progress. Bet you'll buy one hell of a clean salvage title car.

And now a "clean title" is regarded as a piece of shit! Damn you're stupid.

Rolf.

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If it's a peice of shit, it's a peice of shit - clean title or not. most E30s I still see on the road are in this category, and I wouldn't want them just because of the title status.

Maybe you do - fine. I'm just saying, these cars are getting really old, and they went through a period where they had very little market value (as far as the insurance companies were concerned). Which could and did result in cars with a "salvage" title that had very minor damage, and there are definitely examples of cars like this out there that are way nicer than most "clean" title E30s.

To me, the actual condition of the car matters a lot more than anything else, because so many of them are in horrible shape. Many others will agree.

[ClassiE30]

if you're using KBB to value an E30, you're retarded. First off, KBB doesn't even go back that far anymore, and even when it did, it never reflected the market value (except maybe when they were newer).

Again, that is a valid argument on a newer car, where it would require significant damage to result in a "salvage" title. On a car that is worth as little as $500-$2500, it could only take a couple hundred bucks in damage.

I think we know who the troll is here.

I'm not using KBB to value the car.

I use Hagerty and have an agreed upon value for my beautiful e30.

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[Vivek]

I did not say "plentiful"....I said "not scarce". But go ahead; that's how much attention you pay while a discussion is in progress. Bet you'll buy one hell of a clean salvage title car.

And now a "clean title" is regarded as a piece of shit! Damn you're stupid.

Rolf.

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He typed an entire paragraph and you ignore it all to focus on one word. And then add one more sentence that I really don't understand ("And now a "clean title" is regarded as a piece of shit!") all while repeatedly insulting someone who is far better-spoken and more knowledgeable than you are. Solid.

[agent]

KBB is a trusted source. But y'all still will argue.

KBB is owned by Cox Automotive, which is owned by Cox Enterprises. Other companies owned by Cox Automotive include Autotrader.com and Manheim Auctions.

It's obviously in their best interest to say whatever makes the company money, up to and including setting the values of the cars they sell through the other two companies mentioned.

[ClassiE30]

It's a trusted source (thanks for the edit) but a worthless point (in regard to e30's and buyers who are more educated than the average KBB reader). Prices/values are based on peoples' perceptions which are often not based in logic. You have to look at the car individually to say anything about its value and then make a determination for yourself if it is worth it. Not bitch aimlessly on a forum when clearly no one agrees with you.

Glad you're illogical.

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[nando]

From KBB : Most salvage title cars are priced at least 5 percent below market, which seems like a good deal. But in most cases the true value is much, much less. Consumer Reports calculates that a salvage-title car is worth 50 percent of its Kelley Blue Book value, at best.

KBB is a trusted source. But y'all still will argue.

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if you're using KBB to value an E30, you're retarded. First off, KBB doesn't even go back that far anymore, and even when it did, it never reflected the market value (except maybe when they were newer).

Again, that is a valid argument on a newer car, where it would require significant damage to result in a "salvage" title. On a car that is worth as little as $500-$2500, it could only take a couple hundred bucks in damage.

I think we know who the troll is here.

[ClassiE30]

It's a trusted source (thanks for the edit) but a worthless point (in regard to e30's and buyers who are more educated than the average KBB reader). Prices/values are based on peoples' perceptions which are often not based in logic. You have to look at the car individually to say anything about its value and then make a determination for yourself if it is worth it. Not bitch aimlessly on a forum when clearly no one agrees with you.

You win!

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[Vivek]

From KBB : Most salvage title cars are priced at least 5 percent below market, which seems like a good deal. But in most cases the true value is much, much less. Consumer Reports calculates that a salvage-title car is worth 50 percent of its Kelley Blue Book value, at best.

KBB is a trusted source. But y'all still will argue.

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It's a trusted source (thanks for the edit) but a worthless point (in regard to e30's and buyers who are more educated than the average KBB reader). Prices/values are based on peoples' perceptions which are often not based in logic. You have to look at the car individually to say anything about its value and then make a determination for yourself if it is worth it. Not bitch aimlessly on a forum when clearly no one agrees with you.

[ClassiE30]

A "salvage" car is mostly all accounting shenanigans. It really has nothing to do with the structural integrity, safety, or value of the car. Especially as the cars age - it will matter less and less. It would be hard for a salvage title car to go for concours prices, sure. But look at late 60's early 70's mopars. You could have one that was hit by a train, welded back together properly, and it would still be worth $100k.

as far as "clean" E30s being plentiful, what's your definition of clean? I hardly see E30s at all now, and the ones I do see are basically rolling parts cars - no salvage title or not, I'd rather have my E30 that was properly repaired than a "clean title" piece of shit.

You could literally "total" an average E30 by sitting on the hood or getting a dent in the fender. While a 2016 model car requires significant damage that would definitely alter the safety/integrity and value of the car. The only thing that would truly destroy an E30 IMO is flood damage, especially if it's saltwater.

I did not say "plentiful"....I said "not scarce". But go ahead; that's how much attention you pay while a discussion is in progress. Bet you'll buy one hell of a clean salvage title car.

And now a "clean title" is regarded as a piece of shit! Damn you're stupid.

Rolf.

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[ThatOneEuroE30]

Lmfao these cars are so old man, it takes nothing for the insurance company to slap salvage title on a car. Also as long as the car was fixed properly why is there a problem? Also if the car was in a collision when it was newer it would likely not get salvaged so you can buy a clean title and have one that was still hit at some point.