i got a 92 mitsubishi eclipse, in really nice condition, it looks and runs good, but it's got a salvage title, how much can this be worth it??
here is a picture of the car
http://i46.photobucket.com/albums/f130/caraluna19/DSCF1773.jpg
2007-01-04 06:01:40 · 7 answers · asked by stargirl 2 in Cars & Transportation ➔ Buying & Selling
i just recently painted
2007-01-04 06:12:40 · update #1
The down side to a salvaged title car is that lenders will not finance a vehicle that has a salvaged title. A vehicle with a salvaged title if ran through an auction will generally get bids of less than half of wholesale kelly bluebook and in many cases alot less. In your case a 92 Mitsubishi Eclipse has a base wholesale blue book of around $1450, to a dealer the car is worth between $200-$400. But selling it private party you could expect to get about $1500-$1800 for it.
2007-01-04 06:12:58 · answer #1 · answered by Dave 2 · 1⤊ 2⤋
On a newer vehicle, a salvage branded title can reduce the value by quite a bit. With a 15 year old Eclipse, there is not a lot of value, unless it is the turbo. You do not say how many miles are on the vehicle, and that can make a huge difference in the value.
If I was to put a value on the car, with the limited information that I have about it (meaning I am taking my best guess) I would say the car has a wholesale value of about $400 and a retail value of around $1500.
2007-01-04 06:42:37 · answer #2 · answered by fire4511 7 · 1⤊ 1⤋
a 15 yr old eclipse with a salvage title -$50. i'm assuming thats the reason why it was given a salvage title, because the cost of reparing the damage is more than what the car is worth.
2007-01-04 06:12:49 · answer #3 · answered by Ruby 2 · 0⤊ 2⤋
salvage sometimes means the damage was too expensive for the insurance company to repair it, they are going to opt for the cheapest way out, does not necessarily mean the car had that much damage. have a mechanic check it out. Sometimes your insurance agency will appraise the vehicle for you
2007-01-04 06:06:07 · answer #4 · answered by Anonymous · 1⤊ 0⤋
typically 50% or less, but since it is a 15 year old car, it probably has about evened out with other 15 year old cars.... so the real answer is whatever you can get someone to pay for it
if it runs well and is safe, it is probably worth $1000-2000 to a private party
2007-01-04 06:09:33 · answer #5 · answered by kpotter47 3 · 1⤊ 1⤋
go to kelley blue book .com
2007-01-04 06:10:15 · answer #6 · answered by BRENT R 1 · 0⤊ 2⤋
half of kelly blue book.
2007-01-04 06:06:29 · answer #7 · answered by zebj25 6 · 0⤊ 2⤋