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Salvage Flood Buy

Old 11-05-2017, 10:42 AM
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Default Salvage Flood Buy

Will share some adventures with salvage flooded buy that I have done and doing. First the pictures of the c6 I picked up yesterday, and the last of the truck that towed it home. A little history on the truck, it was new when I got in 05 with one little problem. 12 yrs later still going strong. More on the c6 later, time to get it off the trailer.
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Old 11-05-2017, 10:46 AM
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LMB-Z
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I think the GS is going to need a full restoration. Wow!!! Good luck.
Old 11-05-2017, 10:51 AM
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Randy_in_MD
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I am both fascinated and petrified by this thread. I am anxious to see how well the OP can bring that C6 back from the dead. At the same time, if he does too good a job, it will scare me for future car purchases. Not every car in this condition...or even worse...gets flagged as a salvage car.
Old 11-05-2017, 11:00 AM
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Anything that is an insurance claim gets a branded title.

I'm anxious to see this one too, I was watching this car at the auction.
Old 11-05-2017, 11:03 AM
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Originally Posted by Randy_in_MD
I am both fascinated and petrified by this thread. I am anxious to see how well the OP can bring that C6 back from the dead. At the same time, if he does too good a job, it will scare me for future car purchases. Not every car in this condition...or even worse...gets flagged as a salvage car.
He didn't really say that he was going to restore it, did he?

OP: What are the plans? How much $ did you pay for it?
Old 11-05-2017, 11:03 AM
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All of the electronics would scare me. Body looks beautiful
Old 11-05-2017, 11:09 AM
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Hopefully he got it for free and it doesn't have water in the engine. Still a lot of stuff to replace but he could come out pretty good that way.
Old 11-05-2017, 11:15 AM
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Originally Posted by Bruze
He didn't really say that he was going to restore it, did he?

OP: What are the plans? How much $ did you pay for it?



Far more worth and less aggravation in a parts car than a restore. Restore would be a fortune, never will be right and marked title.
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Old 11-05-2017, 11:16 AM
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Originally Posted by Bruze
He didn't really say that he was going to restore it, did he?

OP: What are the plans? How much $ did you pay for it?
Old 11-05-2017, 11:20 AM
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Restoring this will require complete strip-down, every nut and bolt.
Most if not all electronics replaced, new interior, virtually everything.
Sure help being a Master Mechanic w/ tools/shop manuals + lots of exposure to C6.

Assuming an excellent restoration w/ unlimited $, after all's said & done it still has a branded title @ half book value of an equivalent C6 GS.

What's the plan behind this?
Parts?
What'd it cost as-is, pictured?

Old 11-05-2017, 11:41 AM
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Old 11-05-2017, 11:43 AM
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Wishing you luck and a good adventure for you and your son.
Old 11-05-2017, 11:44 AM
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Originally Posted by enventr
All of the electronics would scare me. Body looks beautiful
Same here.
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Old 11-05-2017, 12:38 PM
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Good luck with those vehicles.
Old 11-05-2017, 12:42 PM
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Originally Posted by Aliquantus
Anything that is an insurance claim gets a branded title.

I'm anxious to see this one too, I was watching this car at the auction.
Branded until the title gets laundered through one of the states you can pass it through and lose the branding.
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Old 11-05-2017, 12:48 PM
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Good luck with it. Electrics would scare me away.

Took my 2k C5 to the local diy wand car wash and before I got home it died. Turned out to be 4 bad computer modules. After market ins paid $2500 To fix it.

Bought a new 2005 C6 within a week of getting it back.

Last edited by wayback; 11-05-2017 at 12:51 PM.
Old 11-05-2017, 01:11 PM
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Originally Posted by Landru
Restoring this will require complete strip-down, every nut and bolt.
Most if not all electronics replaced, new interior, virtually everything.
Sure help being a Master Mechanic w/ tools/shop manuals + lots of exposure to C6.

Assuming an excellent restoration w/ unlimited $, after all's said & done it still has a branded title @ half book value of an equivalent C6 GS.

What's the plan behind this?
Parts?
What'd it cost as-is, pictured?

Originally Posted by BadAV
Branded until the title gets laundered through one of the states you can pass it through and lose the branding.
Who seriously thinks any of this is worth the time? Just parting it out would be a PITA unless you have the room and tools to strip it quickly.

You might be able to earn a bit more than minimum wage if you really hustle. But you have to keep track not only of your time stripping it, but how much time you spend setting up ads and then the time spent actually selling the parts.

And the original cost of the car (including the cost of getting it to your garage) must be subtracted from the total income of parts sold (assuming the latter is the higher number) and what's left over divided by the hours spent -- then you will know if you worked for free, or made minimum wage, etc.

And the original cost is . . . ???

But if your time is free and this is just a hobby, or a way of getting out of the house for whatever reason . . .

Just thinking about all this makes me very tired . . .

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Old 11-05-2017, 01:18 PM
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ls1121
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I would think that a salt water flood would be toast for all electrical parts. Mechanical parts are good if cleaned and sold. Good Luck with your project.
Old 11-05-2017, 01:19 PM
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Originally Posted by BadAV
Branded until the title gets laundered through one of the states you can pass it through and lose the branding.
if its a flood bought in the last 10 years,its vin is in a natl database and it will allways be a ''SALVAGE/REBUILT FLOOD''
Old 11-05-2017, 01:23 PM
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That cars not as bad as you all think,,id like to see the water line

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