the owner says its in perfect condition now but the price is very cheap.. is it a good idea to buy it? and would i be able to resell it?
2007-03-22 05:15:29 · 8 answers · asked by kristi_b00 1 in Cars & Transportation ➔ Buying & Selling
We go through this all the time. We actually use rebuilt wrecks for fleet service. They are very difficult to sell. If he rebuilt it did he get the state to sign off on it? Does it have a new title that says salvage? In some states it is not legal to sell a car that has been salvaged. Check you local DMV office for your states regulations. There are many "katrina" cars hitting lots in the US. Most of these cars were flooded and will be electrical nightmares in a few years as parts corode through. It may run fine now but....
2007-03-25 17:32:29 · answer #1 · answered by asccaracer 5 · 0⤊ 0⤋
Be very cautious, in fact I would run away. I just rebuilt a written off car and it was definitely not a cheap way to get a car. If he's selling it cheap, there are surprises in it that you don't want to know about. On the the hand, if it really tuns you on, make your offer based of a full mechanical and structural inspection from an independent source. In my case, this is where I got into the big bucks because a written off vehicle HAS to meet very tight specs. I honestly wouldn't give it another thought, look somewhere else.
2007-03-23 10:21:21 · answer #2 · answered by al b 5 · 0⤊ 0⤋
The reason its cheap is because "Banks" or loan companies
will "NOT" loan any money on them due to the Title being
branded "rebuilt". They look at them as a risky venture solely
by the paper trail. Some cars are wrecked more severe than
others, most body-shop or certified mechanics can check
them out and tell U whether the car is good or has been re-paired correctly. Bank & Loan companies are simply cator-
gorizing them all as bad. This helps the new car people sell
more cars.
2007-03-22 12:32:52 · answer #3 · answered by Rusty Jones 4 · 0⤊ 0⤋
Chances are your going to have a lot of problems. If your not really familiar with cars and mechanics i really would suggest you not to buy it.
Especially is the vehicle has a Salvage tittle this will make it really hard for you down the line to sell. A lot of people are really skeptical about buying a vehicle with such title. I really dont blame them. In several cases the car will never perform as it once did.
Plus the seller will say and do anything to sell you this vehicle. Buying a salvage vehicle is a big gamble which i wouldnt recemmend to a non car enthusiasm
2007-03-22 12:26:59 · answer #4 · answered by benjamin p 1 · 0⤊ 0⤋
They call these cars builders or rebuilders and they come with a Salvage Title... I have owned 2 of these and checked
them over to be sure they were fixed properly and road tested them in town and on the highway... and had very good luck with both... They however are not easy to resell...but if you
want something for personal use they are a bargain...
2007-03-22 12:22:17 · answer #5 · answered by RiverRat 5 · 0⤊ 0⤋
For starters. You need an independent assessment done. If the guy is legit then he will let you take it to a repair facility for a checkover at your expense. Depends on the level of repair the title might be required to show repair, which in most states shows an R on the title. It is there to show potential buyers that it has been repaired.
As far as is it a good deal. It could be. It also could be a real bag of worms. Good Luck
2007-03-22 12:24:33 · answer #6 · answered by Vernon K 1 · 0⤊ 0⤋
You have to state if its a salvage car by law to resale the item. You can sell it so long as you state all damage and repairs. Its not a good idea to buy such cars because they do not come with any guarantee or warranties
2007-03-22 14:15:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
you could buy it but you would have to get it retitled from a salvage title to a clear title...if its a rebuilt title and its been certified safe for the road by your state you should be ok
2007-03-22 12:19:12 · answer #8 · answered by Anonymous · 0⤊ 0⤋