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salvaged title cars

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zachman57

Joined: Oct 14 2009
Posts: 19
Location: fort dodge, iowa


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Post Sun May 22, 2011 3:37 pm

Im currently looking for a newer car than I currently have. I came across a 2004 honda accord coupe with a prior salvaged title. Its been fixed and everything but is it worth the risk in the end? The KBB price is listed at around 14k and i can buy it for 7500. What steps should i take to ensure that it will not be a lemon?
bad venge

Joined: Jul 28 2007
Posts: 3550


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Post Sun May 22, 2011 4:09 pm

be VERY cautious as to WHY it was totalled. Unfortunately flood damage / Body Damage are the normal reasons ...
If it's flood damaged you might get a car that runs for now and will have massive electrical troubles later on as the connectors corrode

Body damage means that the estimate to repair exceeded around 2/3 book value. If it has been repaired watch for cut corners / used parts /bondo/patches welded ectectect

Also note that if/when you go to trade it in the salvage title will also get you a big deduction in book value, also if there is a carfax on the cars history too
pOrk

Joined: Jan 03 2004
Posts: 8391
Location: Milwaukee Wi


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Post Sun May 22, 2011 4:45 pm

If it runs good, looks good AND you plan to keep it for awhile, then who cares? Salvage titles make for a hard re-sale, but if you intend on keeping the car and there aren't any major problems with the car / drives straight down the road etc the its worth the savings.
Kindschi

Joined: Oct 09 2008
Posts: 1458
Location: St Louis Missouri


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Post Sun May 22, 2011 5:59 pm

1 thing to consider is that most Car Insurance companies will not full coverage a Salvage title.
zachman57

Joined: Oct 14 2009
Posts: 19
Location: fort dodge, iowa


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Post Sun May 22, 2011 9:08 pm

I'm going to check with insurance to make sure they will cover it. As far as carfax goes is everything thats been done to the car going to show up? and also do you guys think this is a reasonable price for this car?
bad venge

Joined: Jul 28 2007
Posts: 3550


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Post Sun May 22, 2011 9:37 pm

Carfax is a JOKE theres a car here thats been totaled three times and wrecked at least that many times and it has a clear carfax ...
If Possible get the previous title most list the damage , unfortunately it might not list frame/endine/tranny damages
PwrRngr

Joined: Jul 19 2007
Posts: 4407


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Post Mon May 23, 2011 1:51 pm

The first thing I would check is to make sure the frame/unibody is square.
banned from SG

Joined: Jul 01 2003
Posts: 5127


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Post Mon May 23, 2011 4:37 pm

http://youtu.be/TGcYs6uqFSc

You can also bring a magnet with you to check for bondo. Magnet sticks, metal behind it. Magnet no sticky, bondo. Just test it on your car to make sure you get one that isn't too strong.
zachman57

Joined: Oct 14 2009
Posts: 19
Location: fort dodge, iowa


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Post Tue May 24, 2011 11:30 am

thanks for the advice guys. Ended up not not getting it bcuz of insurance being way more than i wanted to pay. I think im going to buy a rocket tho. Any suggestions on a good bike for a beginner?
corvettecrazy

Joined: Dec 17 2003
Posts: 4357
Location: moved (twice)


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Post Tue May 24, 2011 2:22 pm

Also, there have been a LOT of flood damaged cars in the past few months.

Water damage can lead to all sorts of problems down the road that are a PITA.
banned from SG

Joined: Jul 01 2003
Posts: 5127


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Post Wed May 25, 2011 7:20 pm

Kawi Ninja 250
Tat2Dragons

Joined: Jan 21 2007
Posts: 3404
Location: Baltimore Maryland


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Post Thu May 26, 2011 12:36 am

banned from SG wrote:
Kawi Ninja 250

Yep, as you know those seem to be the most popular bikes for beginners.
bad venge

Joined: Jul 28 2007
Posts: 3550


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Post Thu May 26, 2011 2:14 am

Those are a little small once you have some experience/ road time under you but the good thing is they are cheap / easy to mantain and you can easily sell it for what you paid for it ...
Mines on it's 8th owner all owners bought it for around a grand
Aken

Joined: Feb 12 2003
Posts: 10885


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Post Thu May 26, 2011 10:49 am

Bigger good starter bikes: Suzuki GS500, Suzuki SV650, Kawasaki Ninja 650R.

Take an MSF course and get your license FIRST FIRST FIRST.
banned from SG

Joined: Jul 01 2003
Posts: 5127


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Post Mon Jun 06, 2011 5:22 pm

I also second the SV650
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