Forum Thread

auto salvage title (theft recovery)

EliteZags 942 497 May 25, 2011 at 10:33 AM
normally I know not to go near anything with a salvage title, but the owner said it was just from being stolen from his driveway about a year ago then recovered with the seats, tv, and aftermarket rims gone with no damage to body or anywhere else, he replaced the stock rims and oem seats and says everything else runs fine and I'm welcome to have it looked at by a mechanic

I plan on running a carfax(anyone with subscription wanna help out with this?) and asking for insurance documentation before considering purchase, but what else should I ask/look for and what other potential problems could there be with this situation to consider

the car is a 2004 Lincoln Aviator 55k miles listed at $7k, a clean title would run at least 12-13k from a private party
I realize resale value would be completely shot but its not something I really need from a car in this price range right now as long as its structurally and mechanically sound to last a few years, I think its a good enough deal to take a chance on
and having the seats replaced is actually kind of a plus since leather seats start wearing down on cars this old



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thread for carfax

dont post vin

i do know that an insurance buy back will = salvage title. neighbor went through this.. had to have it inspected by highway patrol but i think that was before he got the title
call the dmv/bmv and ask questions... they may have some better answers.
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bulb save money by checking your insurance every 2 years (and not every 20)
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Ask if you can take it to a mechanic to have it inspected. $50-100 would be worth it in that case. Check for frame damage, respray, etc..
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Less likely since it's a 2004, but could have a cloned VIN. I.e., vehicle is in great condition but it was originally stolen and rebranded with a legitimate VIN. There won't necessarily be a tip-off on CarFax if it's been cloned.

What state is the current title?
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salvage title means it was not worth repairing I would start with his insurance company ask them they will say they can't disclose ask for a release and have him sign the release
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CA, now I'm leaning against inquiring further after finding out salvage titles are much more difficult to insure/ get paid by insurance if someone hits you
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Personally, I wouldn't pay more than say $3,000 max CASH for a salvage titled vehicle. That's "drive until there's nothing left, and then throw it away" money.

Then, you hope it lasts you at least 3 years minimum, and you just insure it with cheap PLPD insurance. During those years, sock replacement car money you saved from paying full collision/comprehensive insurance into savings, for your next one.

The odds are, you can drive that car into the ground, and then still turn it around and sell it for a little cash to somebody else. I did that same scenario for over 20 years, and saved a ton of cash. Yeah, you might go through a lot of cars, but you save so much money on insurance and interest, and no car payments, that you are laughing all the way to the bank every month.
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just the scrap metal is worth it
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Do not trust the curb stoner car salesman. The car if in perfect shape is only worth half of wholesale value. Try trading one in you would be lucky to get anything. There are lots salvage title cheap like new cars out there why? Because if you see 2009 Honda civic Si for only $11k your going to call right? You would be better served to get new Nissan Versa striped out no air $10k. Yeah no air but Navigator might not be working either.Stick Out Tongue Carfax is kind joke they do not guarantee if car was messed up and not reported. There like title company but in slezzy biz. So lets say I have 1990 bmw m3 with 240k miles and roll miles back to 40k. If the car has not been driven since 95 there is chance Carfax would miss roll back and guess what not guarantee anything. Guarantee's are like insurance in most cases there fraud.
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Last edited by radb May 28, 2011 at 11:20 PM.
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OP dont do it.

im assuming the sale is "AS IS" which means you drive it 1 foot and it shits out, you are screwed up the ying-yang and cant get back your money unless you can prove to the court that the seller was trying to screw you. seems the seller knows its good enough to slip by a run of the mill mechanic.

if you have a CarMax near you take it there and see what they say about it, but they might just laugh at you.
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its really not that bad. this stuff happens all the time.. if the insurance decided to total the car, the only way for someone to buy it is with a salvage title. Most time the original owner/victim buys the car back cheap.
my guess is he bought the car back for about 3-4k and stuck 1k repairing it. if his facts are true

neighbor had a porsche. someone backed into the front and damaged the headlight and some minor body work. granted it was an older car but with the headlights up you couldnt tell. insurance totaled it. my guess it was worth about 2k. he bought it back for $400.00. stuck zero $$ into it. had to get a salvage title, then he sold it
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Last edited by stufine May 29, 2011 at 06:47 AM.
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