How much would you pay

X

xAchillesx

New Member

Apr 13, 2004

39

0

0

Apr 29, 2008

#1

• Apr 29, 2008

• #1

For a salvage title 04 mustang GT with 40k on the clock? It needs a new trans(3650), which will be installed upon purchase.
He said he would let it go for 10,000. Basically nothing else is wrong with the car. Everything else has been fixed. Reason for salvage is it was clipped in the back end, and had to have everything, including trans replaced.

 

AdRock

Member

Nov 13, 2003

521

1

19

South Texas

Apr 29, 2008

#2

• Apr 29, 2008

• #2

There's no way in hell I'd give a guy 10k for a salvage title.

 

H What 4.6

New Member

Jul 29, 2005

56

0

0

Apr 29, 2008

#3

• Apr 29, 2008

• #3

I think the dude selling it has been smokin a bit of crack lately....

 

bhuff30

Founding Member

Dec 11, 2001

6,037

35

129

Olathe KS

Apr 29, 2008

#4

• Apr 29, 2008

• #4

I wouldn't want any car that was wrecked hard enough to need a new transmission. Don't walk, but run away.

 

B

bullitt453

New Member

Mar 30, 2008

6

1

0

Graham, NC

Apr 29, 2008

#5

• Apr 29, 2008

• #5

Heck no! For reference sake, I paid $13,500 for a mint Bullitt with 13,700 on the clock!! $10k for a salvage 04 is obsurd.

 

X

xAchillesx

New Member

Apr 13, 2004

39

0

0

Apr 29, 2008

#6

• Apr 29, 2008

• #6

Thanks guys. What would be a good starting price to ask for it?

 

Black_02_GT

Member

Mar 2, 2008

0

0

16

Mississippi

Apr 29, 2008

#7

• Apr 29, 2008

• #7

6,7? when the word salvage hits that title the price drops DRASTICALLY

 

D

darkside03gt

Member

Feb 19, 2007

851

8

18

Sacramento CA

Apr 29, 2008

#8

• Apr 29, 2008

• #8

I wouldnt pay more then 5 for it. 10? is wtf is this guy smoken?

 

Winters98GT

Whoop...whoop-whoop-whoop-whoop...GANGNAM STYLE!!!

Founding Member

Nov 29, 1999

5,520

1,291

224

H Town

Apr 29, 2008

#9

• Apr 29, 2008

• #9

a general rule when buying a salvage title is that its worth about 40-60% of what the same vehicle with a clean title is worth.

Have you run a carfax? Have you got the vehicle on a lift and looked at the frame, motor mounts? How do the body panels line up? How do the lines of the body line up under the hood? How does the stock k member look, and were any adjustments needed after the wreck? What suspension parts, motor work was needed after the wreck? Do the doors open and shut properly? All things that need to be looked at closely when buying a wrecked car, and proboly a lot more.....

Id proboly pay around 300-3500bucks for the car since it needs a new tranny, if the work to repair the car is done properly.

 

rabidscoobie

10 Year Member

Jun 21, 2007

616

12

48

College Station,TX

Apr 30, 2008

#10

• Apr 30, 2008

• #10

I wouldnt pay that much for a salvage,I would only buy it for 2 reasons,one is to make it a drag car only and nothing else,or get it cheap enough to ba able to strip it down and sell the parts individuallly for a profit.I have a friend that buys salvaged titles all the time and usually at least doubles his cash in parting it out.

 

SVT32VDOHC

waiting for the next hack atta

Founding Member

Nov 22, 2001

3,501

28

119

Motor City

Apr 30, 2008

#11

• Apr 30, 2008

• #11

I sold a 00 GT auto car with 9,000 miles in 2004, for 10,000. It had a salvage title, I replaced the fenders, hood, bumper, cooling, and put a core support in it. I told the guy about it, and he was happy to get the car so cheap. He kept in contact with me, (he actually endeed bowling on the same league with me that fall) and he actually kept if for 4 years, and just recently sold it to his son-in-law. It now has 54K on it.

I wouldn't buy a Mustang wrecked in the back to fix and sell. They crumble easy in the back. That is their soft spot.

 

RedDaemon

10 Year Member

Mar 31, 2005

3,470

9

108

Atlanta, GA

Apr 30, 2008

#12

• Apr 30, 2008

• #12

5k imho..i wouldnt get it if u were planning on F/I