Salvage title, seriously wtf

[ak-]

Well not me. I remember having one 11 years ago and how fun it was (even if it was an es), so I bought another. This time an I.

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Oh so you're 12.

Thread makes sense.




:D

[ClassiE30]

Where are these 7-10k salvage title cars. I can't remember any. Most sorted 24v swaps with clean titles sell in that range. I will agree with you that if you buy a rebuilt title car at this price, you are a sucker.

If you want to rant about something, show us an example. Or else everyone is just arguing their side.

As a general rule of thumb - yes rebuilt titled cars should be avoided.

http://www.r3vlimited.com/board/showthread.php?t=388344

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[ClassiE30]

Where are these 7-10k salvage title cars. I can't remember any. Most sorted 24v swaps with clean titles sell in that range. I will agree with you that if you buy a rebuilt title car at this price, you are a sucker.

If you want to rant about something, show us an example. Or else everyone is just arguing their side.

As a general rule of thumb - yes rebuilt titled cars should be avoided.

Shit there is one on here for 7k. You can find it easily.

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[Poopie]

When some are asking 7-10k and idiots are paying....

Well then mine is 20k then

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Where are these 7-10k salvage title cars. I can't remember any. Most sorted 24v swaps with clean titles sell in that range. I will agree with you that if you buy a rebuilt title car at this price, you are a sucker.

If you want to rant about something, show us an example. Or else everyone is just arguing their side.

As a general rule of thumb - yes rebuilt titled cars should be avoided.

[dnguyen1963]

Why all the rants? If you don't like a particular car...walk away. Seller will set a price and hope for the right buyer.

[ClassiE30]

Only partially due to inflation. The price increases are more readily attributed to the rise in popularity of the chassis combined with the dwindling supplies of unmolested examples.

And cost of living expenses has soared, which means goods like vehicles now cost more. 10 years ago there were a plethora of decent cars for under 1k on the used car market, now that number is at least 3k.

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[jeffnhiscars]

I bought my 1st e30 in 1998 and about 3 years ago it got hit In the front left corner. Snapped the tie rod, bent the strut and control arm and of course killed that fender. I received an insurance check for $3000 plus kept the car with a now branded title.

I did the mechanicals myself then took it to a body shop. After removing the lower valance it turns out the rad support was badly damaged from before my ownership so we replaced that, repainted much of the car and in the end, it was better structurally and WAY better cosmetically. I sold it 2 years ago for $4k...and it was a 318i M10 with 215k as a salvage car

Some people won't buy a salvage car others don't care. Does it effect value ? Depends on the day..obviously

[AWDBOB]

Funny how many people will jump on the "he cant afford it train."

But thanks for trying to understanding me.

You're welcome for trying to understanding you, but

'affording it' wasn't my thought there, it's wanting something and mentally establishing the value it is worth to you. All of us enthusiasts do it all the time, with cars in their entirety as well as individual parts. It's what causes us to buy one thing over another, etc. We all 'want' to get authentic 16" RS', but many of us settle for style 5s or the like, because the want doesn't line up with the value we innately associate with that specific part/car.

The value you have previously associated with a clean e30 is $1900 or whatever you paid before has significantly changed.

That is what I was referring to.

[ClassiE30]

You can "wash" a title.

OK. You can do lots of shady things. But my point stands.

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[Andy.B]

Your comments are confusing. First you talk about "shoddily repair on a 25+ year old" ; I inspect the vehicles I buy thoroughly and it starts with the Title.

The only way salvage title is ok...is maybe a gutted track car. And that's saying it's one of those it was only a small nick which totaled it.

I AM VERY SMART!

[slammin.e28]

You can "wash" a title.

[ClassiE30]

depends on the car. some cars that sell at barrett jackson have rebuilt titles, but restored using all factory original parts.

It all depends on the situation. I'm not gonna buy a 2015 bmw with a salvage title because you need significant damage to total out a new car. An e30 is worth $2k to an insurance company will pretty much total out the car with very little damage.

I've seen rebuilt title cars fixed very nicely like my old TT. I've also seen very clean title cars look like utter garbage with tweaked frame rails like my first e30.

A rebuilt title is certainly going to knock down the value of a car, but when average e30s cost 4-5, you aren't going to see much difference between clean and rebuilt titles.

When some are asking 7-10k and idiots are paying....

Well then mine is 20k then

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[ClassiE30]

I have messed with many a salvage car, and it is such that if you get into one, it sure as hell isn't easy to get out of one. I personally would never own another.

BUT

While I think it is ridiculous to ask clean car price for a salvaged car (whatever the fuck that means), you are missing one big thing:

If you're looking for a clean car to drive and enjoy for a long period of time, that clean car at the right price may very well be a salvage titled vehicle.

Because E30s have such low value to most insurance companies (unless insured under stated/agreed value policies), they get totaled very easily, thus resulting in a copious number of extremely clean salvaged titled cars that were in a 5mph fender bender.

Now a days, if you are looking for a 'no accidents not driven in winter' type of car, they exist, but you're either paying huge coin or simply kidding yourself to make yourself feel better about it.

SO, my point is: not everyone has the same requirements/expectations as you. To some, a title status is simply a title status, and if that is the case and if the car is structurally sound and you are not concerned about possible resale issues, there is absolutely no reason to shy away from an extremely clean, structurally sound salvaged title car.

I feel as if a better synopsis of your frustration would be:

"ZOMG I WANT ANOTHER E30 SO BAD BUT HATE HOW MUCH PRICES HAVE GONE UP"

Funny how many people will jump on the "he cant afford it train." Oh, I have money for another, that's not my gripe. But thanks for trying to understanding me.





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[agent]

Due to inflation of course. My first one was $1900.

Only partially due to inflation. The price increases are more readily attributed to the rise in popularity of the chassis combined with the dwindling supplies of unmolested examples.

[ClassiE30]

Do you really think that magic "salvage" designation makes a car safe or not? Do you realize how easy it is to shoddily repair a 25+ year old car that would otherwise have ended up with a salvage title? Do you realize you can repair a "totaled" car to factory condition? Do you realize how little originality matters in the e30 market?

Are you the kind of guy that fills up with "premium" at the gas pump, because it is "better"?

Edit: Also, I do not own, nor have I owned, a car with a salvage title. But my father taught me enough to know it's the condition of the car that matters, not the rubber stamp on a piece of paper.

Your comments are confusing. First you talk about "shoddily repair on a 25+ year old" ; I inspect the vehicles I buy thoroughly and it starts with the Title.

The only way salvage title is ok...is maybe a gutted track car. And that's saying it's one of those it was only a small nick which totaled it.

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