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lalee914 |
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Senior Member ![]() ![]() ![]() Group: Members Posts: 813 Joined: 13-February 13 From: Georgetown, DE Member No.: 15,521 Region Association: North East States ![]() |
Found this on COPART today. Not much left but the rear bumper looks like it could be from a /6
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Unobtanium-inc |
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Advanced Member ![]() ![]() ![]() ![]() Group: Members Posts: 2,216 Joined: 29-November 06 From: New York Member No.: 7,276 Region Association: None ![]() ![]() |
Insurance companies are smarter than many people think. They know with a car like this that someone will buy it. Chances are they had a pretty large payout so it might take awhile to get solid money for the car, but they will wait, because they know that someone will pay for the VIN of a 914/6. They will probably issue a parts only salvage title to cover their arse but there are ways around that. Most states have two kinds of salvage titles, salvage rebuildable and parts only. A parts only salvage title is a dead end in the state it is issued in, there is no going back, no passing go. But there are a few states like Kentucky who only have one kind of salvage title, salvage, which can be re-built. So someone will buy this car with a CA parts only title, "wash" it in KY, and they now have a title you can build on. The other option for this is you can export on a parts only title, it's still a title after all. Many parts of the globe don't recognize what a salvage title is, Russia is one haven for this. In the early 90s the Russians starting coming to the auctions in Atlanta and outbid everyone, I got to be friends with one guy and asked him "what's up?". Apparently if they bought a car with a salvage title they could import it into Russia as parts, thereby not paying heavy import tax, but once in country they would just fix it and sell it, because Russia didn't recognize salvage titles. It was brilliant!
So with several avenues for a car like this the insurance company will ride it out, knowing someone will come along. There was a Ferrari like this at the auction we used to go to in Atlanta, been there for years, one day it was gone. That guy came along. |
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Lo-Fi Version | Time is now: 17th June 2024 - 08:43 AM |
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