How Much Is My Car Worth

Value of a car with a salvaged title?

I found the 2002 Acura CL with 47000 miles upon it, i went to demeanour during the automobile as well as it is in great condition as well as runs fine. The usually complaint is which it has the salvaged pretension since the automobile was in an collision involving the tree, zero large yet flattering most only the front buffer as well as thats been fixed. Anyways the chairman is asking for ,000 though i know the salvaged pretension decreases the worth of the automobile the lot so how most should i be seeking to compensate for it?

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There are 9 suggestions to question “Value of a car with a salvaged title?”

  1. Although there is no ‘sure’ way of valuing a salvaged vehicle, a good rule of thumb would be 1/2 of what kbb states the value of a clean title.

    All of that aside, I would never purchase a salvaged vehicle. Besides not being safe, you may end up having some serious reliability issues.
    Also make sure to check to see if you can insure the vehicle. Many carriers will not insure the purchase of a salvaged vehicle beyond liability only.

  2. check with your insurance company. In some states you can not get insurance on a car with a salvage title.

  3. how do you know the damage was only very small, just because the seller says so, don’t make it so.

  4. At least 25% for the salvage title. I have been driving since 1969, been in lots of repair shops, I’ve seen cars cut in half and another half put on. I’ve seen old police cars gutted for the body and upscale interiors put on for the upscale sale, My mom even bought a car she thought would last her the rest of her life, it did with a lot of help. Her mechanic checked it out for her and said it had never been wrecked, I told her I thought it had been but touched up well. It was took about 4 years for the problems to start showing from the fix.

  5. If you try to trade it in later it is worth much much less – about 25% of fair trade in- I would not recommend the purchase of any vehicle with a salvage title unless you are going to run it until the wheels fall off- which they may very well sooner than you think.

  6. The loan or wholesale value of the car is $8025.00 the retail is $10,025.00 the ad for low miles is $ 1,300. The value of a salvage, r-title is half of what a clean title car is worth. The only thing that would stay the same is the mileage add. so the car is worth right now, $4,000 wholesale and $5,000 retail. I am a car dealer and I can tell you, no matter who fixes it or how well it’s fixed , it will always be a salvage title car. The value will always be worth half of clean. The biggest problem with buying a salvage title car is most banks will not finance them at all, the ones that do will only finance half of what a clean title car is.

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