Rebuilt Title Question
Thread Starter
Pro
Joined: Oct 2016
Posts: 684
Likes: 62
From: Ogden, Utah
Rebuilt Title Question
Hello Everyone. A year 2000 C5 came up for sale locally with 79K miles on her. In 2007 the car was stolen in CA and after insurance settled on it the documents showed that the car was missing a hood, seats and console. It went up for auction and came to Utah to have those items replaced and then obtained a rebuilt title. The car is very minty looking and has a price tag of $12,800 with the private seller. I believe this price to be high so what would be a more fair value for this car?
For my area here is the NADA pricing:
Rough Trade In: $8,550
Average Trade In: $10,025
Clean Trade In: $11,250
Clean Retail: $14,300
For my area here is the NADA pricing:
Rough Trade In: $8,550
Average Trade In: $10,025
Clean Trade In: $11,250
Clean Retail: $14,300
Last edited by JohnnieUtah; Nov 18, 2016 at 09:45 AM.
Burning Brakes
Joined: Oct 2016
Posts: 815
Likes: 192
From: Massillon, OH
I absolutely hate NADA/KBB. The car is worth whatever someone will pay for it.
That being said, I would probably pay around $10k for it having a rebuild title. Not that there is anything wrong with it, but it makes it very hard to sell later down the road. Just my $.02.
I could see one with a clean title going for $12,800 easily.
That being said, I would probably pay around $10k for it having a rebuild title. Not that there is anything wrong with it, but it makes it very hard to sell later down the road. Just my $.02.
I could see one with a clean title going for $12,800 easily.
Le Mans Master
Joined: Jan 2002
Posts: 5,085
Likes: 1,009
From: Fort Worth TX
St. Jude Donor '15
According to KBB
A salvaged, reconstructed or otherwise "clouded" title has a permanent negative effect on the value of a vehicle. The industry rule of thumb is to deduct 20% to 40% of the Blue Book value, but salvage title vehicles really should be privately appraised on a case-by-case basis in order to determine their market value.
I would believe it be worth 6 grand and no more, but I would walk away. If your willing to pay the going rate why buy a rebuilt titled car.
A salvaged, reconstructed or otherwise "clouded" title has a permanent negative effect on the value of a vehicle. The industry rule of thumb is to deduct 20% to 40% of the Blue Book value, but salvage title vehicles really should be privately appraised on a case-by-case basis in order to determine their market value.
I would believe it be worth 6 grand and no more, but I would walk away. If your willing to pay the going rate why buy a rebuilt titled car.
Racer
Joined: Jan 2012
Posts: 456
Likes: 113
From: Hill Country TX
It would have to be under $9K for me to be interested. Plus you have to plan an keeping the car a long time, over 5 years, if you expect to get anywhere near what you pay for it.
The rebuild title will always be a big negative. A long period of ownership, maintenance records and little trouble can make up a little for the title issue. But most Vette people will walk away as there are too many clean title cars available. And non-Vette people who would buy it probably can't get the bank to loan them any money. My $.02
The rebuild title will always be a big negative. A long period of ownership, maintenance records and little trouble can make up a little for the title issue. But most Vette people will walk away as there are too many clean title cars available. And non-Vette people who would buy it probably can't get the bank to loan them any money. My $.02
Le Mans Master
Joined: Jan 2004
Posts: 9,488
Likes: 1,743
From: Knoxville Tn
According to KBB
A salvaged, reconstructed or otherwise "clouded" title has a permanent negative effect on the value of a vehicle. The industry rule of thumb is to deduct 20% to 40% of the Blue Book value, but salvage title vehicles really should be privately appraised on a case-by-case basis in order to determine their market value.
I would believe it be worth 6 grand and no more, but I would walk away. If your willing to pay the going rate why buy a rebuilt titled car.
A salvaged, reconstructed or otherwise "clouded" title has a permanent negative effect on the value of a vehicle. The industry rule of thumb is to deduct 20% to 40% of the Blue Book value, but salvage title vehicles really should be privately appraised on a case-by-case basis in order to determine their market value.
I would believe it be worth 6 grand and no more, but I would walk away. If your willing to pay the going rate why buy a rebuilt titled car.
Drifting
Joined: Mar 2013
Posts: 1,496
Likes: 355
From: Little Rock Arkansas
I feel priced sub-$10,000 would probably do the car a disservice even with rebuilt status due to theft, but since the car is private seller you could probably negotiate with the seller. My initial assumption however is the seller likely won't go too low, since there is likely no pressure to sell (unless it's a must-sale situation).
One thing you may do in the interim if you are concerned about price is contact your insurance agent. Rebuilt/Salvage/etc titled cars often require a specialized policy. You may find that ultimately in your endeavor to save a little money you would have to potentially pay more to insure. I would for sure check that a potential increase in premium is in a positive correlation to say you maybe paying a little more for a better car but not taking the same hit in premium.
Safety Car
Joined: Mar 2016
Posts: 3,534
Likes: 432
From: Atlantic Beach FL.
It would be a good car for modifications. I wouldn't pay much more than 10k though. And I wouldn't get it if your concerned about resale value.
It can be an excellent car but a majority of buyers wont even look at it and the rest wont pay as much.
I bought mine from a salvage auction, lifted the body and rebuilt the engine and entire suspension and drive-line. I upgraded to Z06 parts and am updating the interior.
I still don't think too many people would be interested in it though, even though it is mechanically a new car.
I bought it for me and I plan on wearing it out. Not for resale.
It can be an excellent car but a majority of buyers wont even look at it and the rest wont pay as much.
I bought mine from a salvage auction, lifted the body and rebuilt the engine and entire suspension and drive-line. I upgraded to Z06 parts and am updating the interior.
I still don't think too many people would be interested in it though, even though it is mechanically a new car.
I bought it for me and I plan on wearing it out. Not for resale.
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Safety Car
Joined: Mar 2016
Posts: 3,534
Likes: 432
From: Atlantic Beach FL.
^I noticed that they are cheaper in CA. If I were in the market I might fly out there or hire an inspector and have it shipped. They are more expensive on the east coast and central US.