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Advanced Member ![]() ![]() ![]() ![]() Group: Members Posts: 3,737 Joined: 1-December 17 From: soCal Member No.: 21,666 Region Association: None ![]() ![]() |
First off let me say that I know they'll be lots of room for personal opinions here, with some people holding the opinion that with cars of our vintage a salvage title isn't that big of a deal if it comes from a non-critical issue back when the cars weren't worth much.
I just looked at exactly such a car that was totaled by the insurance company over what today we would look at as a minor bump. Back when it happened, close to 15 years ago, I'm sure a $1500 repair was probably enough of a threshold to total the car so the insurance company wrote it off and the previous owner bought it back and then never restored it like he thought he was going to when he bought it back. So all that brings us to today - otherwise clean car that had some rust repair done to a solid but not cosmetically attractive level, just needs an engine to be back on the road. 17's that are ready to Bolton can be readily had for not a whole lot money and you can see where the rest of this thought process goes. Except, except, except the shell has a salvage title. I was thinking I would just throw this thing together and then drive it for six months and sell it, which I do in a heartbeat if I didn't have a salvage title but I'm worried that even at driver pricing ($4000?) i'll get stuck with it because other people will get the heebie-jeebies about the salvage title just like me. What do you all think? |
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Java2570 |
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Senior Member ![]() ![]() ![]() Group: Members Posts: 649 Joined: 7-May 11 From: Fishers, IN Member No.: 13,035 Region Association: Upper MidWest ![]() |
My '74 is a rebuilt salvage title that I had to apply for here in Indiana. I personally don't think about the salvage much but I do realize I will never make any money on it if I go
to sell it. Once I understood the laws here (it was not explained very well in the BMV materials I read) it wasn't too bad to do. I did have to drive it across town to the police station and get it inspected, which was only basic operation stuff. After that, I applied for the rebuilt title and it was all good. That said, I probably wouldn't do it like that again especially with the values on the rise. |
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