Rebuilt Title Car
- Thread starter ET16
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I'm guessing at a $4K asking price, it's already been discounted. If it was totaled for a collision, that might be better than water damage. I think those have a Mercedes engine and transmission?
Looking at 2005 crossfires for sale in my area, they aren't much more than the $4k they want. But at that age, I'm not sure it should matter much. The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate.
Have it looked over very well by a competent mechanic you trust, make sure your insurance company will issue you a policy for it, and go from there?
Have it looked over very well by a competent mechanic you trust, make sure your insurance company will issue you a policy for it, and go from there?
You can use 60-70% of undamaged cost as a rough estimate. If you're going to drive it into the ground, it can be good value. If you might resell at some point, figure scrap value give or take might be your only option. If things weren't fixed correctly such as frame out of alignment etc, you could be paying for related problems down the road. Rebuilt superficial body damage is one thing. Crushed in support steel is another.
Skyactiv, it's like 70/80% an SLK.
nadaguides.com info based on a base Crossfire:
Rough Trade 3437
Avg Trade 4287
I would use some number between those two, and then discount for rebuilt title. Some people think 30-50% is a reasonable reduction for a rebuilt title. I would consider this vehicle over-priced based on this info. Seller seems to want 95% of an average trade value in my area.
Rough Trade 3437
Avg Trade 4287
I would use some number between those two, and then discount for rebuilt title. Some people think 30-50% is a reasonable reduction for a rebuilt title. I would consider this vehicle over-priced based on this info. Seller seems to want 95% of an average trade value in my area.
Exactly!
Nick1994
$100 site donor 2024
I went to KBB and entered this car in in 100% flawless immaculate shape inside and out, but selected Salvage title. It comes up as "Poor" condition and it won't even give a price value. In "Fair" condition with a clean title it is valued at $3,991.
If you really want it, pay 60-70% of $3,991
If you really want it, pay 60-70% of $3,991
Originally Posted By: ET16
It sounds like $4k is too much. The sellers says that she has been offered $4k by a dealer who will resell at $7k. That last part I doubt, maybe the first part, too.
Probably partially true.
KBB doesn't give an adequate premium for low miles while overly relying on model year. And 73K on a 2005 is low. Dealers love this since they can buy these cheaper, then add the missing KBB mileage premium to their profit line, getting what the market will bear. It's not unusual for KBB to be off by up to 30% on very low mileage cars more than 10-15 years old.
Crossfire is a nice looking sporty car. And a dealer paying $4K for 73K miles to flip it for say $6K-$7K seems very realistic...for a car without a salvage/repair title. In the listings below the ask price for similar cars still damaged are in the $3500-$3900 range. Doesn't seem you'd get properly fixed one for the same price.
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It sounds like $4k is too much. The sellers says that she has been offered $4k by a dealer who will resell at $7k. That last part I doubt, maybe the first part, too.
Probably partially true.
KBB doesn't give an adequate premium for low miles while overly relying on model year. And 73K on a 2005 is low. Dealers love this since they can buy these cheaper, then add the missing KBB mileage premium to their profit line, getting what the market will bear. It's not unusual for KBB to be off by up to 30% on very low mileage cars more than 10-15 years old.
Crossfire is a nice looking sporty car. And a dealer paying $4K for 73K miles to flip it for say $6K-$7K seems very realistic...for a car without a salvage/repair title. In the listings below the ask price for similar cars still damaged are in the $3500-$3900 range. Doesn't seem you'd get properly fixed one for the same price.
autotrader search
Depending on the state as I went digging on today, what it took to get a title on a salvage Mustang, all that's required is filling out forms as to what you bought and put on and if the car had no major(my prospect needed a rear bumper skin and a bag) before sold as salvage they don't check for safety. Just that you bought the parts legally and of course pay the $45 filing and inspection. Of course by the time I got all this knowledge it was sold this AM half hour after questioning my insurance agent
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Originally Posted By: ET16
It sounds like $4k is too much. The sellers says that she has been offered $4k by a dealer who will resell at $7k. That last part I doubt, maybe the first part, too.
I would've asked her,if she's asking $4000 and a dealership offered her $4000,why didn't she sell it??
I call bologna on that one!
It sounds like $4k is too much. The sellers says that she has been offered $4k by a dealer who will resell at $7k. That last part I doubt, maybe the first part, too.
I would've asked her,if she's asking $4000 and a dealership offered her $4000,why didn't she sell it??
I call bologna on that one!Originally Posted By: RichardS
The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate
Have you ever rebuilt a totalled car? I don't know how it works in FL, but around here you literally just have to show a state trooper that the horn works. The car can be covered in bondo...
The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate
Have you ever rebuilt a totalled car? I don't know how it works in FL, but around here you literally just have to show a state trooper that the horn works. The car can be covered in bondo...
Originally Posted By: Nick1994
I went to KBB and entered this car in in 100% flawless immaculate shape inside and out, but selected Salvage title. It comes up as "Poor" condition and it won't even give a price value. In "Fair" condition with a clean title it is valued at $3,991.
If you really want it, pay 60-70% of $3,991
For some reason, I always go with KBB as a buyer, because NADA always show higher value. Good from seller perspective, but not as a buyer!
I went to KBB and entered this car in in 100% flawless immaculate shape inside and out, but selected Salvage title. It comes up as "Poor" condition and it won't even give a price value. In "Fair" condition with a clean title it is valued at $3,991.
If you really want it, pay 60-70% of $3,991
For some reason, I always go with KBB as a buyer, because NADA always show higher value. Good from seller perspective, but not as a buyer!
Originally Posted By: Ethan1
Originally Posted By: RichardS
The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate
Have you ever rebuilt a totalled car? I don't know how it works in FL, but around here you literally just have to show a state trooper that the horn works. The car can be covered in bondo...
This!!
If car has already been registered, inspected then not a big deal.
Otherwise, it can be a royal pain to get it inspected from the VSP here!
Originally Posted By: RichardS
The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate
Have you ever rebuilt a totalled car? I don't know how it works in FL, but around here you literally just have to show a state trooper that the horn works. The car can be covered in bondo...
This!!
If car has already been registered, inspected then not a big deal.
Otherwise, it can be a royal pain to get it inspected from the VSP here!
Originally Posted By: aquariuscsm
Originally Posted By: ET16
It sounds like $4k is too much. The sellers says that she has been offered $4k by a dealer who will resell at $7k. That last part I doubt, maybe the first part, too.
I would've asked her,if she's asking $4000 and a dealership offered her $4000,why didn't she sell it?? I call bologna on that one!
She said she that she thought if she got the same from me, it would be fine, as we had already been in negotiation about the car.
Originally Posted By: ET16
It sounds like $4k is too much. The sellers says that she has been offered $4k by a dealer who will resell at $7k. That last part I doubt, maybe the first part, too.
I would've asked her,if she's asking $4000 and a dealership offered her $4000,why didn't she sell it??
I call bologna on that one!She said she that she thought if she got the same from me, it would be fine, as we had already been in negotiation about the car.
Originally Posted By: RichardS
Looking at 2005 crossfires for sale in my area, they aren't much more than the $4k they want. But at that age, I'm not sure it should matter much. The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate.
Have it looked over very well by a competent mechanic you trust, make sure your insurance company will issue you a policy for it, and go from there?
My insurance company is fine with it, and the garage I took it to said that the car looked as if it was in very good shape.
Looking at 2005 crossfires for sale in my area, they aren't much more than the $4k they want. But at that age, I'm not sure it should matter much. The rebuilt title is only issued for a salvage title after the car has been repaired, inspected, and found safe to operate.
Have it looked over very well by a competent mechanic you trust, make sure your insurance company will issue you a policy for it, and go from there?
My insurance company is fine with it, and the garage I took it to said that the car looked as if it was in very good shape.
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