Value of salvage titled vs. no issues cars

[SAcobra427]

I was wondering what the general thought is in the loss of value on a salvage titled car compared to one that is not, all things being equal. For example if you had 2 identical cars sitting next to one another, both in perfect shape with say 4,000 miles, how much less would the perfectly repaired car go for ?
Thanks for your thoughts

[ViperJoe]

I believe they run in the neighborhood of ~ 1/3 less. But for me, I wouldn't buy one even if it were selling for 2/3 less. That's just me .....

[shelbyelite]

Well, If we were going on a perfect shape, 4 option, 4k mile TUNGSTEN for example, I would say the no stories car is worth $170k to $175k and the salvage title car is worth $110k to $120k retail.

[Kayvan]

Its not that clear cut

There are a number of folks who are hacks at salvage GTs and 1-2 that can make them perfect.

also, title washing and cars being imported overseas where a DMV Salvage equivalency is not maintained, make it very murky

I would not travel over 100mph in any vehicle where the core frame has been compromised; unforseen stress factures only detectable with xrays or harmonic imbalances tramsmitted to wheels or steering will flip the car in a blink.

I would avoid Salvage as the discount you get will just get wider as time goes on.

[GTNJ]

Well, If we were going on a perfect shape, 4 option, 4k mile TUNGSTEN for example, I would say the no stories car is worth $170k to $175k and the salvage title car is worth $110k to $120k retail.

Ahhhhhh, Shelby ........... but what would you pay for a perfect shape, 4 option, no stories car?

Nardo ????????

[SAcobra427]

Thanks for the replys. Your thoughts are what I was thinking myself.

[shelbyelite]

My opinion....which opinions are just like buttholes...everybody has one......$50-80K for a wrecked car.....50-60 with salvage title and a pretty good amount of damage but not completely smashed....80K for a very light damage car. 100K-110K for a PROPERLY repaired salvage title car and 160K for a 4K miles "perfect, no stories" (no such thing) car. These are RETAIL figures.
I don't like salvage title cars and do not handle them. Too much liability after they are repaired and more difficult to sell. You can have a buyer sign 100 documents that it has been repaired, they have had a PPI done, they are buying as-is and a cheap lawyer can still come after the seller when the wheel falls off. Not my bag. A lot of banks won't finance a salvage title car either.

Maybe not in your world Nardo, but there are definitely many "NO STORIES, PERFECT HISTORY" cars out there. You have made that remark several times. We all know that "YOU" believe there are no perfect cars out there, but in many peoples opinions there are. The word "PERFECT" is gonna have a different definition depending on who is using the word, and what context they are using the word in. Also, you have your "RETAIL" figures wrong. I am speaking from hard facts that I have proof of selling cars for. You are speaking from low ball prices that you would offer people as you and I both know that you offer salvage car prices on clean no stories cars.

As for Salvage cars, I do agree with you Nardo that they are not worth the savings, IMHO, MOST of the time. The rare instances where a car is totalled, that should not have been as it was damaged lightly, is a complete different issue all together.

FYI, just sold a 3600 mile tungsten "NO STORIES, PERFECT" car for $172k, REAL MONEY, NO BS, This week. This is a real time figure.

So, theres my "butthole" !

[Mullet]

if you can afford a salvage car you can afford a no story car.

[shelbyelite]

if you can afford a salvage car you can afford a no story car.

:thumbsup:thumbsup:thumbsup

[05 Ford GT]

Shelby is spot on!

Mike

[GTdrummer]

Agree with part of Nardo response but not the 4000 mile $160,000 for a no stories GT. I have bought 3 in the last year and I would have jumped at $160k and would encourage others to do the same.

As a point of reference I understand you and GTJoey just recently bought an 05 together with similar mileage--would be interested if you hit or beat $160K but none of my business.

[shelbyelite]

Agree with part of Nardo response but not the 4000 mile $160,000 for a no stories GT. I have bought 3 in the last year and I would have jumped at $160k and would encourage others to do the same.

As a point of reference I understand you and GTJoey just recently bought an 05 together with similar mileage--would be interested if you hit or beat $160K but none of my business.

I believe Chris (Nardo) purchased that car back in 09 if my memory serves me correctly, so that would not be a fair assumption of what "TODAYS" prices are on these cars. Further, from what chris told me in the past, there was an issue with the stripes on that car not being factory, etc. I believe Chris did get a pretty cheap price on that car from what I remember him telling me, but will let him answer that question.....

[GTdrummer]

I believe Chris (Nardo) purchased that car back in 09 if my memory serves me correctly, so that would not be a fair assumption of what "TODAYS" prices are on these cars. Further, from what chris told me in the past, there was an issue with the stripes on that car not being factory, etc. I believe Chris did get a pretty cheap price on that car from what I remember him telling me, but will let him answer that question.....

Oops--my bad I guess I did not read all of the thread. I just recall where Joey said they had just gotten the car and Nardo later mentioning a "maiden voyage."

[HHGT]

Someone find me a properly repaired lightly hit Salvaged title ENZO at a steal and I will buy it.
Why? They are not making them anymore and I would never sell it.

I also would buy a properly repaired GT that is a Salvage title.
Why? Because I would track it and never sell it.

Who would not buy a salvaged properly repaired Ferrari GTO for cheap money?

[shelbyelite]

There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE.

Yep, I remember it. I paid $5k more than you offered :) G-force called me and told me what you offered, and asked if I would pay more and I said yes. Sold it to its new owner who is also here on the forum. He got it at a bargain, but it was a 26k mile car.

[HHGT]

Chase recently sold a 10,000 mile Red no stripe GT at manheim for $117K. Car had front fascia and door minor damage. At the time of the auction the carfax was clean. 2 weeks later it showed frame damage. The car is now for sale in Florida with a clean carfax. I guess that was cheap but with a story. Well bought? You be the judge.

[shelbyelite]

Agreed. What does any of the above about the black car with 26k miles have to do with anything in this thread? We were talking about 4k mile cars, not 26k mile cars. No one is getting upset that I have seen. I think people were just confused as to what was really going on with the Silver car. As for values of Ford GTs, It is no suprise that I am not gonna pay retail value on any Ford GT. You know how this works. I have to run a business and make a profit, but I can tell you this..... There is a reason I get so many GTs, and its NOT because I am the lowest offer.... More than likely because I pay MORE than other people in my business will pay.

[HHGT]

I asked this before and never got an answer so I will ask again.
How come Exotic Car dealers dont actively advertise and sell high mileage GTs.

[DB4-12K]

The GT buying public is hugely mistaken when they want/demand low-mile cars.

Most GT buyers are more concerned with having something in closer to new condition than they are with saving a few bucks. I've owned GTs with 22,000 miles, 22 miles, 3000 miles. I've driven GTs with miles from 3 to 60,000. Unless you run your car endlessly on a dyno, cars with more miles will have more wear and tear, more squeaks, more rattles, more paint imperfections.

[DB4-12K]

There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE.


The black GT with 26K miles was the best deal I have seen anywhere on a used GT. I even messaged Shelby to congratulate him on a great buy. He was asking $115K right here on the forum in Connecticutt last Sep. talked to him and know what it sold for (less than 115K). That was a heckuva deal. I have the seller's replies and phone number if anyone cares to verify.

Not sure why you're asking if anyone remembers what the car was selling for and then posting that you'll give out the seller's replies and phone numbers to verify what it sold for when a wholesaler bought it. Definitely not sure what it has to do with the topic at hand.

[GTdrummer]

"Nardo and I have purchased an early 2005 FORD GT VIN# 360". I don't see where it says WHEN either of us purchased it and is that material to anything? It's not a secret that I purchased the car back in May of '09 and just recently sold partial interest to Joey.When I showed the car in Houston it was it's maiden voyage for our "around the world tour".




Sorry I guess it is just the lawyer in me and I read things too literally. I think I was the only one thrown off the trail by reading into it that you and Joey had just purchased a GT for the express purpose of the tour. I can be dense. I guess if you had said "Joey and I are taking a world tour in my 2 year old GT that he has bought an interest in and I took my 2 year old car to Houston before we start our August tour", I would have figured it out. Thanks for clearing it up.

[Chris A.]

Sorry I guess it is just the lawyer in me and I read things too literally. I think I was the only one thrown off the trail by reading into it that you and Joey had just purchased a GT for the express purpose of the tour. I can be dense. I guess if you had said "Joey and I are taking a world tour in my 2 year old GT that he has bought an interest in and I took my 2 year old car to Houston before we start our August tour", I would have figured it out. Thanks for clearing it up.

You're not dense.....and you're not the only one thrown off by the comments.

[Specracer]

Was the "sister" car to mine, ordered identically, and sold by the same dealer in Hanover, MA, his was an 06' mine 05. Car when up here, was on cape cod, not ct.

If anyone cares.....


There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE.

[PL510*Jeff]

cars with more miles will have more wear and tear, more squeaks, more rattles, more paint imperfections.

At 85k+ yes a couple of wear items, a few rock chip marks but NO squeaks or rattles. (well once in a while the rattlesnake makes itself known in the AC vents)

[SYCO GT]

The higher mileage owners are too busy enjoying them to put them up for sale.

The more you drive it, the more you love it.

[gtjoey]

How do I get into "EVERY" conversation on this forum?:biggrin
Im with all the others......salvage/non salvage.....if your having fun and theres still gasoline pumps.....ENJOY IT!
Now Nardo, as an older member on this forum, remember if you get a heart attack and die.....last time I checked you cant go around the world with me...Well you'd be above the world but not going around the world...:lol:lol
I like Chip have learned.....I know nothing and have no answers to anything anymore......just like grandpa who died with a wife ,3 girlfriends and 10 million in the bank with a 6 th grade education....:lol:lol:lol
Relax baby weeze be goin to didney land...bro.......\
GTJOEY1314:biggrin

[GTdrummer]

Sorry Nardo. You are certainly not on trial as far as I am concerned. Sounds like you have "backed" all this up with "facts". It just took me awhile to pull it all together. I was just slow on the uptake on the Maiden voyage, new car vs 2 year old car, and the high miler you mentioned. I understand it perfectly now.

On getting the perfect, no stories 05 for "Way" better than $160K--I commend you on that as well. Even in 09 that was no mean fit for a perfect or near perfect car without dings etc.

[DB4-12K]

You're not dense.....and you're not the only one thrown off by the comments.

Thanks Chris.


DBK had made the comment earlier about me buying the car 2yrs ago. I posted 2yrs ago that I purchased the car then, never kept it secret. Perhaps Joey should have been more clear but as DBK stated to me on another topic "Not sure why you're asking & Definitely not sure what it has to do with the topic at hand." I did not realize that each owner had to fully disclose when & where they purchased each GT.....

Allow me to clarify it for you then. It's annoying when we have members acting like this is a high school popularity contest calling their buddies every couple hours to bump their threads. It becomes doubly annoying when the posts are filled with obfuscatory nonsense. Nobody has to disclose when or where they purchased a GT, but if we're gonna play posting games, bullshitting about a car's origin for promotional purposes isn't going to be tolerated.


Apparently I am the only one being questioned here........I feel like I'm on trial. As far as "Definitely not sure what it has to do with the topic at hand" ......it is right on topic of " Value of salvage titled vs. no issues cars".

"There was an all black GT in Connecticut posted right here on the forum that I was trying to buy but got sidetracked by GTJoey's barn gathering in Sep of last year. Anyone remember that car & price? Owner was GFORCE." I thought the topic was "Value of salvage titled vs. no issues cars"....that doesn't mention miles.

You're not on trial. Again, I'm not going to tolerate these stupid little high school games. In retaliation to Shelby's reply, you brought up an irrelevant to the discussion, outlier-of-all-outlier, high-mileage, well below market, GT in a disingenuous manner. Why say "Does anyone remember?" and then two seconds later start waving e-mails around saying "I'll prove it to anyone that wants!" At least man up and say "Shelby, you got a black car for a super cheap and I want everyone to know it, even though the discussion had turned to comparing 4k mile cars."

[shelbyelite]

Nardo, you have poked at me several times for using the phrase "PERFECT, NO STORIES". If you are gonna poke at me, expect to get poked back. As for what I paid for a car a year ago, WHO CARES??? Its no suprise to anyone that I buy cars cheaper than I sell them for. I am sure you do the same with your car you sell on your lot. I bought that black car for a LOW price and SOLD it for a LOW price, lower than I have ever sold any other GT. What does a 26k mile Black car that I bought a year ago have anything to do with this discussion? You said a 4k mile 06 car was worth $160k "RETAIL" and I disagreed with you. You may own 4 GTs, but I have bought and sold over 300. I am very aware of what the "RETAIL" market is. Just because 2 or 3 cars sell at an very "UNDER AVERAGE PRICE", that does not mean that is the new market for all cars. The original topic starter asked the "DIFFERENCE" between values on Salvage cars and Non-salvage cars. I gave him my opinion based on actual FACTS of what I know Salvage cars and NON Salvage cars have sold for.

[red gt 1442]

I am only posting at this time not to infuriate anyone, but only to be consistent that when I post, the thread usually DIES....:lol....:lol.............Please let it be so!!!!!!!!............:banana


Gino

[Kayvan]

Cant say I'm proud of this thread.

As an enthusiast site; topics of money, deals, pile-ons, etc are never fun.

Sounds more like some face-less Monday Morning Meeting waste-all

[RADGT]

I always liked Gino's posts.

Stu

[SteveA]

I am only posting at this time not to infuriate anyone, but only to be consistent that when I post, the thread usually DIES....:lol....:lol.............Please let it be so!!!!!!!!............:banana


Gino


You Too? We'll I'll give it the double whammy and post as well!:rofl:rofl

[shelbyelite]

I always liked Gino's posts.

Stu
+1 on this,
Gino is a good dude.

[Copenhagen GT]

I may not fully know your system with salvage titles, but why all this talk about the paperwork, when it can vary from anything like a small cosmetic fender bender accident to a serious frame damaging accident?

Not that I do not understand that the perfect car with perfect paperwork probably will be worth more in the future, but the next best thing will in my opinion be the perfect car, not worrying much if it has gotten a new fender and a partial repaint as long as the work is factory quality.

:cheers
Anders

[SYCO GT]

I asked this before and never got an answer so I will ask again.
How come Exotic Car dealers dont actively advertise and sell high mileage GTs.

Hi Nardo - this was the question that I saw posted when I viewed this thread page. I was responding to Sam's question, but should have quoted it for clarity.

My thoughts were that high mileage cars aren't listed all that often, since those owners are too busy driving and enjoying their cars to sell them.

[tmctguer]

i am not a dealer, but rather an infrequent car buyer. i attend several car auctions each year in person (RM, Gooding, Mecum, Barrett, McCormicks) and watch others ad nauseum on TV and on the web. so my opinion is based on someone who is willing to buy the right car at the right price that hopefully will appreciate in value over time.

i cannot say how much less i would pay for a salvage title car versus a "no questions" car, but it would have to be significant price difference. this is because i would be concerned about how much money i might lose, or the hassle i would have to go through when i resold a salvage titled car.

in fact, even if the deal on the salvage car was extremely attractive, i would probably pass and keep shopping for the "no questions" car even if it came with a premium. further, if the deal for a salvage title car was TOO aggressive, i would probably question how bad the damage really was, whether the seller was trying to hide something, etc..

perhaps one needs to ask why a car is being purchased in the first place? if it in hopes of reselling, a salvage title may not be the best way to go. if it is to drive and keep, then a salvage title would be a way to enjoy a car at a decent savings.

[nota4re]

obfuscatory nonsense

Damn it, DBK! In the future, can you try to keep this to a no-higher that 5th grade comprehension level so all of us can follow the thread? :biggrin

[red gt 1442]

obfuscatory nonsense


Did He just curse us out?, :lol :lol

[fjpikul]

Literal translation - BS

[GTFUN]

At the Wixom MI plant there was a Ford GT driven 20 hours a day over cobblestone and uneven surfaces for 50k miles.

No squeaks!! These things were built to last.. check out this video and at minute 16:00 it shows the torture course:

http://www.youtube.com/watch?v=sqfMy4LN2Ss