Salvage Title Appraised?
#1
JK Freak
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Join Date: Sep 2008
Location: North San Diego, CA
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Salvage Title Appraised?
Has anyone had a salvage title appraised? The Jeep is fine now, didn't have any mechanical issues, and the few damaged parts were replaced.
#2
JK Freak
Join Date: Jan 2011
Location: long island, ny
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Salvage Title
will finance a salvage vehicle.
#5
JK Junkie
Join Date: Feb 2013
Location: West Richland Washington
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Family is in the business of vehicles and as well as many friends and every thing they have all told me and what I know of buying vehicles with a salvage title is they are 50% of regular value. Grey area is when you are doing a cash deal with a private buyer. If they don't ask you about a clean title you don't legally have to disclose that it's salvage. If they ask about a title you must tell them. My brother in law make decent money buying salvage cars, fixing and then flipping them.
#7
not once it is repaired it does not ... it all depends on what you have... ive had a few savaged vehicles. i would say a few thousand less.. but not 50 percent if you do it right
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#9
JK Super Freak
The value of mods is really hard to determine. Your best bet is to find similarly modified Jeeps for sale, and determine how much over their KBB/Nada retail values they're selling for. Remember, asking price <> sale price. But that should give you a general idea.
#10
JK Junkie
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Factory repair or not you will never have a clean title again hence the problem. You can only sell on a cash sale basis as no banks will carry a loan. I take that back some will but with like a 35% interest rate. Not to sound harsh but if you pay 70 or 80% for a salvage vehicle your not the best negotiator to say it nicely.