Would you buy a $50k car with salvage title?

[Johnny Drama 5,000+ posts]

Found a good/great deal on two cars. Both are $50k+ valued cars. One is salvage titled due to a wreck. Other is on sale due to going though a strip shop.

Now my question. Would you spend ~$20k on these two cars to put them back to their original state in attempt to make money?

Example...

Car A is $5000 and needs $9500 worth of work. Car value with salvage title after rebuild is $22.5k Would you buy this and invest?

Car B is $6500 and needs ~$7500 worth of parts. Value after rebuild is $28k. (Clean title) Would you buy this and make the investment?

Discuss...

Click to read more...

 

[terra 5,000+ posts]

no.

 

[speedfreak28 10+ year member]

depends how much work is involved to see the profit on your return. if you were to keep the vehicle, it may be worth it.

 

[Johnny Drama 5,000+ posts]

Oh, prices I put are guarantee'd prices if they sell. Could always get more for these cars.

 

[jmanpc 5,000+ posts]

I wouldn't

 

[freakish07 10+ year member]

No!!!!

 

[jmanpc 5,000+ posts]

I'm having a hard enough time selling the van, and it was just in a fender bender.

 

[Flipx99 5,000+ posts]

I would pay $20k for $50k car if I planned on keeping it. Not to sell though.

 

[speedfreak28 10+ year member]

one thing to consider, dont know what the laws are there but if you sell the car and it has continuing problems, you may be liable in the long run.

 

[wat 10+ year member]

would i pay ~30k for a rebuilt wreck? no

//content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[Twistid 5,000+ posts]

If I had disposable income then yes to make a quick buck...

 

[Lugnutzk 10+ year member]

With Carfax reports you may have a hard time finding a buyer, but there is always an *** for every seat.

 

[JayRich 10+ year member]

if its just body work yes, but anything dealing with the drivetrain and frame then NO!!!

 

[Johnny Drama 5,000+ posts]

if its just body work yes, but anything dealing with the drivetrain and frame then NO!!!

Car A was wrecked and its all body. Only reason they totaled it was the side air bag deployed, or so Im told by the insurance company.

Car B has nothing mechanically wrong, just no interior and no exterior accessories.

 

[wat 10+ year member]

if its just body work yes, but anything dealing with the drivetrain and frame then NO!!!

i'd take a straight body w/ bad motor over a good motor, fuked body