2014
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Joined: Apr 2016
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From: Pittsburgh
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A salvage title would make it tough to value...a scrape down the side would not total a newer model Corvette....If you could verify the actual damage, that would help
Le Mans Master
Joined: Jan 2016
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From: New Mexico
2018 C6 of Year Finalist
"Experts" that sell them would claim it's worth 20% less than a clean title vehicle. Try to trade it in at a dealer and IF they even want it, they'll give you 50%.
Drifting
Joined: Nov 2005
Posts: 1,668
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when I traded a branded title (theft recovery) porsche on a new z06 i "had" to have, this is how it played out at the dealership. I had to wait until they had my Porsche sold to another dealer until they would close the deal with me on the Z06. And the chapped *** I had from loss from purchase price of the Porsche was a painful enough reminder to say "never again" for anything but a clean title purchase. YMMV
Safety Car
Joined: Aug 2018
Posts: 3,971
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From: Western WI
If you can buy it cheap enough and plan on keeping it forever then it probably does not matter. You will not be able to trade it in at any dealership and selling it privately will be really tough unless you give it away. As others have said, I would buy it for 50 cents on the dollar of the same exact car with a clean title and history.
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Scientific Negotiator
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From: USA
St. Jude Donor '07-'08-'10, '14
Salvage cars can be great under the right conditions, but use the salvage to your advantage!!! Offer them a deal and walk if they don't take it. Now is a GREAT time to be a buyer...
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$30K does seem high for a salvage title vehicle. Low 20's is what I feel the value should be.
Safety Car
Joined: Aug 2018
Posts: 3,971
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From: Western WI
If you check KBB private party sale data which is exactly what I would use as a benchmark for a car with a clean title, history and good condition the value is $31 - $34k. Again, this is a car with a clean title and in good condition. Factor in a repair and a salvage title? Again, I would also be looking at $17 - $22K max if you really want it, plan on keeping it a long time and you are positive there is nothing at all wrong with it.
You really need to have any vehicle with a salvage title thoroughly inspected to make sure there was no serious damage to the car. Every salvage car seller is going to tell you that the vehicle was hit by a stray shopping cart and just needed some paint and a buff....
You really need to have any vehicle with a salvage title thoroughly inspected to make sure there was no serious damage to the car. Every salvage car seller is going to tell you that the vehicle was hit by a stray shopping cart and just needed some paint and a buff....
Race Director
Joined: Oct 2011
Posts: 15,049
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From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
No way, no how I'd go $30K on a salvage title with 40K on the clock. With the Covid thing going on, take your $30 K to a dealer with a clean carfax 2014 or maybe a 2014 with a minor accident and see how close they'll get to your offer. I'm betting the difference will be less than 10%, i.e less than $3K.
Melting Slicks
Joined: Jun 2008
Posts: 2,168
Likes: 50
From: Somerville New Jersey
Get the VIN# and google it, if it was auctioned off you could get a hit with decent pictures of the actual damage.
Melting Slicks
Joined: Jul 2010
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From: Leesburg Fl
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St. Jude Donor '14,'18
This should help you on buying the car.
Melting Slicks
Joined: Mar 2006
Posts: 3,249
Likes: 545
From: Land of the free, home of the brave...
Given today's car market (and this car's baggage), you should be able to negotiate a deal bwtn 18 and 22 at most. No one is buying and everyone wants cash.
Financial experts say the 4 worst markets now and into the future are Automobiles, Airlines, Energy and Cruise.
Financial experts say the 4 worst markets now and into the future are Automobiles, Airlines, Energy and Cruise.
Last edited by Crossed Flags Fan; Apr 21, 2020 at 04:50 PM.
