72 vette salvation title
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,118
From: Crossville TN
How do you know that the salvage title is because of "theft"? Is that the story being told by the person selling it to you? I've never heard of a salvage title for that reason, but I guess it's possible.
If you can prove that's the only reason for the salvage designation, you might be able to convince buyers to pay somewhat more than that title would justify. But, most potential buyers wouldn't care about the history...other than it has a salvage title.
If you can prove that's the only reason for the salvage designation, you might be able to convince buyers to pay somewhat more than that title would justify. But, most potential buyers wouldn't care about the history...other than it has a salvage title.
Racer
Joined: Jun 2013
Posts: 484
Likes: 43
From: NJ
doing my research and talking to people were saying 20%-30% devalued
You say it hasn't been in an accident. How did you come by that?
Melting Slicks
Joined: Jun 2007
Posts: 2,623
Likes: 22
From: Boise Idaho
St. Jude Donor '09-'10, '15, '17
Lets say his good condition bumper vert is worth $20k, then we deduct 30% for a salvage title, its now at $14k. No you are not buying good condition bumper verts for $14k regardless of title brands.
People looking for a clean bumper vert, in the teens, don't have a wide range of cars to choose from, therefore; I submit the branded title will carry less weight. Lets face it they are desperate and might even sell their mother to get that bumper vert so they are more apt to place less weigh on a branded title, compared to a cars condition, than more affluent buyers with more options.
People looking for a clean bumper vert, in the teens, don't have a wide range of cars to choose from, therefore; I submit the branded title will carry less weight. Lets face it they are desperate and might even sell their mother to get that bumper vert so they are more apt to place less weigh on a branded title, compared to a cars condition, than more affluent buyers with more options.
Race Director
Joined: Mar 2003
Posts: 11,608
Likes: 780
From: Eustis ( Area 51 Bat Cave ) Fl
hum...
Not every cat who dreams of a chrome bumper corvette has a bottomless wallet some, ahem most people in this world do have a budget and in that some things are a give and take,
Lets face it if a really sweet 68-72 bb convertible was posted for sale and the thing has basically been restored, nothing horrible wrong with it, great driver, not bone factory stock so purists do not want it but a wonderful driver for the cat who wants a corvette to drive and have fun with that would any day fetch in the mid 20's with a flawless title was posted with a blemished title for 12-15K I bet you a Coke it wouldn't sit long before snapped up....in fact when the OP lists his for sale I hope he updates us how quickly it sells.....and how much,
I am in no way saying blem titles do not hurt the price ( but a savvy buyer paid less to start with ) or might trim down the pool of buyers but I just am not sold it kills the buying pool and makes the car worthless like some seem to want to make it out to be.
In my case this is moot my car isn't together running driving but it is a base sb 69 convertible with clean perfect title in fact I am just the 4th owner, and I would not think twice about the blem title if some cat wanted to swap me his convertible if I was getting a car\I liked otherwise.
Lets say his good condition bumper vert is worth $20k, then we deduct 30% for a salvage title, its now at $14k. No you are not buying good condition bumper verts for $14k regardless of title brands.
People looking for a clean bumper vert, in the teens, don't have a wide range of cars to choose from, therefore; I submit the branded title will carry less weight. Lets face it they are desperate and might even sell their mother to get that bumper vert so they are more apt to place less weigh on a branded title, compared to a cars condition, than more affluent buyers with more options.
People looking for a clean bumper vert, in the teens, don't have a wide range of cars to choose from, therefore; I submit the branded title will carry less weight. Lets face it they are desperate and might even sell their mother to get that bumper vert so they are more apt to place less weigh on a branded title, compared to a cars condition, than more affluent buyers with more options.
Not every cat who dreams of a chrome bumper corvette has a bottomless wallet some, ahem most people in this world do have a budget and in that some things are a give and take,
Lets face it if a really sweet 68-72 bb convertible was posted for sale and the thing has basically been restored, nothing horrible wrong with it, great driver, not bone factory stock so purists do not want it but a wonderful driver for the cat who wants a corvette to drive and have fun with that would any day fetch in the mid 20's with a flawless title was posted with a blemished title for 12-15K I bet you a Coke it wouldn't sit long before snapped up....in fact when the OP lists his for sale I hope he updates us how quickly it sells.....and how much,
I am in no way saying blem titles do not hurt the price ( but a savvy buyer paid less to start with ) or might trim down the pool of buyers but I just am not sold it kills the buying pool and makes the car worthless like some seem to want to make it out to be.
In my case this is moot my car isn't together running driving but it is a base sb 69 convertible with clean perfect title in fact I am just the 4th owner, and I would not think twice about the blem title if some cat wanted to swap me his convertible if I was getting a car\I liked otherwise.
Last edited by The13Bats; May 21, 2016 at 03:28 PM.
Pro
Joined: Sep 2002
Posts: 747
Likes: 54
From: Dunmore PA
How many of our cars were hit or had extensive work done that would be considered salvage by insurance companies. Your corvette like mine is only worth what someone will pay for it. Unfortunately that will change depending on the market at the time. I personally would not care about the title status if I wanted the car and the price was fair.
Instructor
Joined: Apr 2010
Posts: 124
Likes: 16
I hope he puts it on ebay so we can all watch it. I would have a problem sinking 20K in a car after I bought it knowing I would have to face selling someday with that title. But true, Vette's do entice people into making foolish choices to get on board. If it were mine, I would think of that salvage title every time I looked at it. I own a 72 Corvette but.....
I had a 69 in a similar but not identical situation back in the early 80"s, was glad to be rid of it.
We are assuming this corvette has good frame and birdcage at the prices being mentioned. What are the odds of that, 50 50 ? For all we know this could be a real rat with a bent and rusted frame and rusted birdcage. I don't know about you guys but when I was vette shopping, I saw some real junk that owners insisted was of good or high quality even while I was standing there looking at serious problems. In fact many people have no problem making you travel across the country based on their lies.
I had a 69 in a similar but not identical situation back in the early 80"s, was glad to be rid of it.
We are assuming this corvette has good frame and birdcage at the prices being mentioned. What are the odds of that, 50 50 ? For all we know this could be a real rat with a bent and rusted frame and rusted birdcage. I don't know about you guys but when I was vette shopping, I saw some real junk that owners insisted was of good or high quality even while I was standing there looking at serious problems. In fact many people have no problem making you travel across the country based on their lies.
Last edited by momo608; May 21, 2016 at 08:19 PM.
Burning Brakes
Joined: Aug 2013
Posts: 1,231
Likes: 115
From: Yelm Wa
The title issue doesn't mean it is necessarily less of a car, in any way shape or form..but, it does carry a stigma that will limit the number of potential buyers of the car.
That car should still bring in a minimum of $15K to $18K.
Good luck on the sale of your car.
That car should still bring in a minimum of $15K to $18K.
Good luck on the sale of your car.
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Dr. Detroit
Joined: Mar 2012
Posts: 10,097
Likes: 4,027
From: New Braunfels Texas
A few months back.....a VERY nice 70' Big Block Coupe sold off of this forum for 19k......with a salvage title.
Had that car not had a salvage title.....I would say it's value would have been in the mid 20's......
The market will dictate that 30% when posted on the net.....but it really boils down to how much the buyer cares about it.....although any buyer will expect some discount due to the title status......
The guy who bought the 70' posted that he absolutely loved it.....and there are guys out there like that.....who just want to have fun....value be dam&^d.....
Salvaged title cars are excellent to build a Hot rod out of......
I would say 14-15k is realistic sir.
Jebby
Had that car not had a salvage title.....I would say it's value would have been in the mid 20's......
The market will dictate that 30% when posted on the net.....but it really boils down to how much the buyer cares about it.....although any buyer will expect some discount due to the title status......
The guy who bought the 70' posted that he absolutely loved it.....and there are guys out there like that.....who just want to have fun....value be dam&^d.....
Salvaged title cars are excellent to build a Hot rod out of......
I would say 14-15k is realistic sir.
Jebby
Race Director
Joined: Mar 2003
Posts: 11,608
Likes: 780
From: Eustis ( Area 51 Bat Cave ) Fl
I cant help but get the impression that the blem title stigma means far more to people who see a car a c3 as some investment and they wanna get the most they can at sale time, and they seem to forget that when you sell a car with a blem title while true it will fetch less you paid less for it so
Now with that the pool of buyers very well may be smaller with the blem title however, I believe the car will sell faster because it's less money and the trend is modding c3's so a person doesn't have to worry so much about keeping it 100% stock....plus there are only so many chromies out there.
Again, I believe when this car is listed for sale it will show a few people how things are out there in the car buying world....
Now with that the pool of buyers very well may be smaller with the blem title however, I believe the car will sell faster because it's less money and the trend is modding c3's so a person doesn't have to worry so much about keeping it 100% stock....plus there are only so many chromies out there.
Again, I believe when this car is listed for sale it will show a few people how things are out there in the car buying world....
Race Director
Joined: Mar 2003
Posts: 11,608
Likes: 780
From: Eustis ( Area 51 Bat Cave ) Fl
I hope he puts it on ebay so we can all watch it. I would have a problem sinking 20K in a car after I bought it knowing I would have to face selling someday with that title. But true, Vette's do entice people into making foolish choices to get on board. If it were mine, I would think of that salvage title every time I looked at it. I own a 72 Corvette but.....
I had a 69 in a similar but not identical situation back in the early 80"s, was glad to be rid of it.
We are assuming this corvette has good frame and birdcage at the prices being mentioned. What are the odds of that, 50 50 ? For all we know this could be a real rat with a bent and rusted frame and rusted birdcage.
I assume the op will address that when he posts his sale ad...
I don't know about you guys but when I was vette shopping, I saw some real junk that owners insisted was of good or high quality even while I was standing there looking at serious problems. In fact many people have no problem making you travel across the country based on their lies.
I had a 69 in a similar but not identical situation back in the early 80"s, was glad to be rid of it.
We are assuming this corvette has good frame and birdcage at the prices being mentioned. What are the odds of that, 50 50 ? For all we know this could be a real rat with a bent and rusted frame and rusted birdcage.
I assume the op will address that when he posts his sale ad...
I don't know about you guys but when I was vette shopping, I saw some real junk that owners insisted was of good or high quality even while I was standing there looking at serious problems. In fact many people have no problem making you travel across the country based on their lies.
A blem title has very little bearing on the cars condition, al the things you listed can be found on both clean titles and blem titles...
I get it, you are like me in OCD but the title thing doesn't bother me in your case you somehow think it means it's less of a car...
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,118
From: Crossville TN
If you are buying the car as an 'investment' or you want to flip it in short order, that SALVAGE word on the title means a lot. If you are buying it to have one for yourself and you intend to keep it a long time, maybe not so much. But, one would have to be convinced that there is not hidden damage with any salvage title car.
{The 'stolen parts' story sounds good....but, is it true?}
{The 'stolen parts' story sounds good....but, is it true?}
Thread Starter
Advanced
Joined: Jul 2012
Posts: 95
Likes: 0
From: West Los Angeles CA
If you are buying the car as an 'investment' or you want to flip it in short order, that SALVAGE word on the title means a lot. If you are buying it to have one for yourself and you intend to keep it a long time, maybe not so much. But, one would have to be convinced that there is not hidden damage with any salvage title car.
{The 'stolen parts' story sounds good....but, is it true?}
{The 'stolen parts' story sounds good....but, is it true?}
Racer
Joined: Dec 2010
Posts: 289
Likes: 16
From: Surf and Sand Fl
As my dad 
used to say.."there is a *** for every seat"
But in the corvette world they are some picky asses..so to speak.
Hell missing trim or god forbid aftermarket something or other is a crime against humanity..but salvage tilte?
The perfect customer for this one is the guy that has a similar model but that is trashed with good title. An *** for every seat!
Gary
used to say.."there is a *** for every seat"But in the corvette world they are some picky asses..so to speak.
Hell missing trim or god forbid aftermarket something or other is a crime against humanity..but salvage tilte?
The perfect customer for this one is the guy that has a similar model but that is trashed with good title. An *** for every seat!
Gary
Instructor
Joined: Apr 2010
Posts: 124
Likes: 16
In the 70's I bought a 57 vette, or I should say an incomplete pile of parts and a rolling frame with a body. I wanted in to the vette hobby bad but this was a huge mistake for someone with very little restoration experience like I had at the time. I ended up selling it to Jerry Kohn who was at that time just another small time guy selling used vette parts.
I would have jumped at the chance to buy this 72 if I had 15k and it was a good car and I was 18 years old again. Back in the 70's and 80's you could buy a title and VIN tag for a corvette for a few hundred. Probably still can but I'm sure it would cost more than that now. Probably not legal then or now but that won't stop the sale. As long as no one is looking for a stolen vin numbered frame, you could rest easy. Even if it is a hot frame, what are the chances of getting caught. This is probably a lot more common than most of us would think, it's just to easy.