Anyone have any idea how much a salvaged title effects the selling price on a vehicle? My Dad just gave my son a 1996 Frod F150 Eddie Bauer. He's a Jr in HS and can't afford much, so between the gas, insurance and maintanence, he's floundering. Any idea how much to deduct for the salvaged title from Blue Book?

TIA,

 

I don't believe you're going to get a clear-cut answer to this one. Depends on why the title was salvaged. Body damage, engine damage, flood damage, theft recovery, etc...

I have no personal knowledge on passenger vehicles, however I do know that a Perfect Condition motorcycle with a theft recovery salvage title will get you close to $5,000 off the Blue Book value...

 

Yeah, why was it salvaged?

I got the same sort of situation with my blazer in highschool. it booked 10k, but with the salvage title due to a wreck, i was only able to get 3500 for it.

Your best bet would be to kbb it, if its salvage they group it into the worst condition option when you check what shape it is in. that will give you an idea of what it will go for salvaged, and if it wasnt. Try to meet in the middle and see what shakes out.

 

Just an FYI just about all insurance companies will automatically take half off of blue book value when its a salvage title vehicle (some ins co's wont even offer comp/coll). I delt with a customer who was a mechanic and would buy salvage titled veh and restore them (100% body and engine) still had to tell him that its at best only gonna be half of blue book.

know your prob not trying to get fc on the veh but just wanted to give you an idea on how ins co's value salvaged veh.

CPCU

 

i agree that most are only worth 50% of normal value.
that doesn't mean its a bad deal, or you should or shouldn't do it. but the facts of life are that its "more likely" to have a serious problem and it will not sell for full value. also, the majority of potential buyers will not buy a salvage title.

now, i have a cousin that owns a body shop that rebuilds wrecks and sells them. his cars are great and he stands behind them with a 1 year warranty. he buys them for practically nothing. straightens them out and makes them good as new. sells them for a pretty good price and has repeat customers not only standing in line but 'placing orders'.

if you're thinking of buying a salvage, i'd look for a warranty, and a shop with a history of providing good service. a warranty from someone who goes out of business is worth nothing.