Buying salvage / damaged vehicle on Copart etc.
- Thread starter spme
- Start date
As long as it passes safety, it will be plated.great idea, just one question for you. how are you going to put a car with a salvage title on the road?
or plate it in Quebec. Lol
Will it not be shown on the ownership as "branded rebuilt" that will make a difference to the resale value.As long as it passes safety, it will be plated.
or plate it in Quebec. Lol
Here in Ontario if an insurance company has written it off, or paid its customer compensation for the loss of the car or motorcycle it will be never ever be allowed to be it back on the road ( at least in this province) it's a mine field in my opinion
not true. What the insurance does and who it pays is its own business. I've known of cars that were written off by the insurance company because the repair cost exceeded the value. The owners were free to buy their cars as salvage, repair them at their own cost and put them back on the road.Here in Ontario if an insurance company has written it off, or paid its customer compensation for the loss of the car or motorcycle it will be never ever be allowed to be it back on the road ( at least in this province) it's a mine field in my opinion
Will it not be shown on the ownership as "branded rebuilt" that will make a difference to the resale value.
Yes, the ownership certificate will be marked as such (and the seller is required to specifically disclose it).
Yes, you right, when I was young I rebuilt engine for my second car, but not anymore, it's not fun for me anymore. I am not planning to start business. It's just an idea ... to get BMW X3 at 1/2 price and use it till it dies, no plans to sell it or anything like that...Don't do it, especially since you know nothing about cars. I know you know nothing about cars because you are asking this question.
That's actually a great idea. Who cares abt the resale anyway when it's that cheap. Plus, once you're done it will be as good as new.Yes, you right, when I was young I rebuilt engine for my second car, but not anymore, it's not fun for me anymore. I am not planning to start business. It's just an idea ... to get BMW X3 at 1/2 price and use it till it dies, no plans to sell it or anything like that...
True.My view on those sites is that someone has already looked at the car and concluded they cannot fix it and sell it for any kind of profit that is worth the risk...
However, insurance companies frequently write off vehicles if they calculate it is cheaper for them to pay the claim and recover the salvage value than to fix it. Their decision has nothing to do with road worthiness or safety after repairs... and at least in those cases it can work if you can do at least some of the repairs yourself or get someone who will do it for less than full going hourly rates for a body man and mechanic... AND you intend it for your own use and not for resale or you are prepared to take a licking on any resale at arm's length.
If it passes safety, it will be plated. The title records will always show that it is a restored vehicle.
Perry
I know a guy that bought cars that met that description from a body shop, with repairs done. And he was quite happy. One way to do it would be to get a damage appraisal and take it to a shop you trust and see what they say before you buy it.True.
However, insurance companies frequently write off vehicles if they calculate it is cheaper for them to pay the claim and recover the salvage value than to fix it. Their decision has nothing to do with road worthiness or safety after repairs... and at least in those cases it can work if you can do at least some of the repairs yourself or get someone who will do it for less than full going hourly rates for a body man and mechanic... AND you intend it for your own use and not for resale or you are prepared to take a licking on any resale at arm's length.
If it passes safety, it will be plated. The title records will always show that it is a restored vehicle.
Perry
Two years ago, I was at a red light when a woman crashed into my car from behind. They had to change the plastic bumper cover and one metal bracket and paint it to match. The total cost was $2400 for parts material and labor. Dealer labor is $95 an hour.I know nothing about body repairs,but find it hard to believe it would cost 22K to fix that.Seems to me it would be alot cheaper.
Dealer quoted me $250 for electrical problem with door (diagnose and repair), got it fixed for 80$ cash plus parts 50$. Air and cabin filter replacement cost at dealer is 110$, replaced it myself, literally 15 min work plus 45$ parts...$2400 for parts material and labor. Dealer labor is $95 an hour.
Thats right boy's - this week I went for an emissions test on my suv and it failed they pulled out the code on obc (EGR Valve). Went to a mechanic and he wanted to charge me 750 labour parts and diagnostic.Dealer quoted me $250 for electrical problem with door (diagnose and repair), got it fixed for 80$ cash plus parts 50$. Air and cabin filter replacement cost at dealer is 110$, replaced it myself, literally 15 min work plus 45$ parts...
Found the part in question at CT and 45min later fixed! Check engine light went out. total cost 129.00 for the part. Last year I changed the plugs on my G35 coupe, dealer wanted 600.00. Went on to youtube
found out what to do. Total cost 45.00 for the plugs and two hours of my time. THIS IS NOT ROCKET SCIENCE!
yes because a car that has been in a serious collision will be just like new when repaired lmaoYes, you right, when I was young I rebuilt engine for my second car, but not anymore, it's not fun for me anymore. I am not planning to start business. It's just an idea ... to get BMW X3 at 1/2 price and use it till it dies, no plans to sell it or anything like that...
go ahead and do it and find out the hard way
