What's everyone's opinions of a car with a rebuilt ***le? Here in Nevada a car that is totaled via an insurance company is issued a salvage ***le, if the car is then rebuilt you may apply for and get a "rebuilt" ***le and then register the car for use. The car in question is a 57 Chevy. Does a "rebuilt" ***le lessen the "value" of the car in your eyes or wallet?
On a ot car i had took 500 off value that was in 2003 when totaled again Sent from my DROID device using the TJJ mobile app
On a 57 Chevy to a tri-5 collector, I'm guessing yes, negative on value. As for 75-85 yr old traditional hot rods many of us are dealing with bare bones, basket cases, from scratch rebuilds, so I don't think rebuild or salvaged would matter. Heck, some hero's on HAMB have dug older iron outa river beds or made 4doors into coupes. Guess I answered nothing
It depends. Is the '57 Chevy a fully restored to stock condition desirable body style? A Bel Air hardtop or convertible, for instance? Or, is it a post two door with new floors and rockers, a BBC conversion and custom paint and upholstery.........or a deteriorated stocker needing everything? The older the vehicle, and especially one that isn't stock anymore to begin with, how can it justifiably hurt the car's value? It's all in the mind of the buyer and I would say you'd get a variety of opinions on that, including many who would not care. The newer the vehicle and the more 'commercially traded"...yes, it lowers the value in the resale market. A 2012 Chevy pickup for example. Do***enting the type and severity of the damage, and it's repair, is important in minimizing the value loss and giving some confidence to a potential buyer. The key to buying a "branded ***le" vehicle, whose value is affected, is to take the discount upfront. Then, when you sell it, you really have no loss. And, the older it gets the less the value is affected. You keep it until the wheels fall off (from tons of mileage) and you've actually saved money when compared to buying a fully priced vehicle of the same make and model. BTW, I was a licensed Rebuilder for several years and dealt with quite a few branded ***le vehicles during that period. They were, however, late models, not HAMB material. Ray
what 58 year old vehicle hasn't been rebuilt at one time, not many ,I also have purchased so called totaled vehicles fixed them and drove them many miles ,many also had a clean carfax ,if you are buying it for your own use and enjoyment look it over if nothing major is obvious, buy it if the price is right, if you are planning on making big bucks on a resale maybe not, this is the reason so many cars are totaled today, not that they are not fixable, but because of what insurance company's call residual value ,in other words what is reported on the carfax destroys their resale value ,what a waste ,whatever happened to just plain buying something for what it is ,not expecting a lifetime warranty,that is the Mary Poppens world we live in now most people expect a toaster to be warrantied for life and then they ***** because the price of goods is so high
For me, on a 2014 whatever? Yes. On a 57 Chevy, not at all. Who knows how many times over the years an old car has been rebuilt. I bought my car wrecked but it has a clean ***le.
Being "totaled" only means it would cost the insurance company more to fix than the apparent cash worth of the vehicle. Many cars are worth more in parts than complete, so the insurance companies take the route that will keep them from spending any more money than they have to, and many times will actually make them money. If the car is rebuilt correctly, you can't tell the difference in it and one that was never "totaled". And like stated above by AVater, many states don't require ***les on cars that old, so it could be sold to someone in one of those states without affecting the value of the car. Not saying be dishonest about the ***le when selling, just saying it won't have as much meaning in a no ***le state.
If the older car like a '57 Chevy has a ***le that says it was rebuilt might be a good thing. It means that it was repaired and looked at by a 3rd party to see that it was repaired to an inspectable level. In some states it includes a visit to the front end alignment rack to make sure it is straight. For a lot of the older cars out there it may have been decades since anyone really looked at it that hard. Before anybody says "I keep my car up to snuff", Think about when the last time was that you really looked at your car like it was the first time you ever saw it.
If the price is right grab it! my daily is a "rebuild" and i payed 50% of book after i fixed it and it has 1/3 the miles and it's only 5 years old. just be glad something that old has papers!
On a late-model, it means it is worth HALF of book value. On an old car, it depends on you what it is worth, in the condition that it is in.
Idaho is much like Nevada on ***les. Wouldn't you want to know a car had been rebuilt before you forked out hard cash for it. The years cars we are building are all rebuilt from ground up or just even minor repairs. Now if your looking for a daily for the good wife that is only a few years old. A rebuilt ***le will tell you a lot about it's history and you can check a little deeper before putting cash down. If the damage was bad enough to get into the frame, you should see some repairs or evidence of straightening. The point is if the ***le say "rebuilt" you know it isn't a cream puff!
A 57 chevy that is hit in the quarter panel now days will be considered totaled unless you can prove a high value before the wreck. It would cost too much for the normal body shop to fix the car, finding parts, matching old paint, ect. The branded ***le only tells the state that the car must be fixed and inspected before it can be re ***led. A highly desirable numbers matching car would still retain its value. Some of those Pebble Beach cars when found are sometimes nothing more than a few parts and every peice has to be rebuilt or made new from scratch. They're worth millions.
You might want to check with your insurance company to see if they have any issues with insuring a car with a salvage ***le.
I have been told that banks will not give money and insurance companys will not insure a rebuilt ***le car. It one time I was rebuilding wrecks for a living. I did a car a week for a few years. I never had a problem selling them. People always told me those things, I would say call them and see, they usually bought the car. In the 90's I was doing cars that were $5000 with good ***les, was selling them for about $4500.
I'm driving a 2004 GMC with a rebuilt ***le. Insured and all. Insurance companies will insure anything for a price.....getting a claim paid is another story. I have also bought theft recoverys that had salvage ***les simply because they were missing the seats and door panels and wheels and tires. It doesn't necessarily mean it's been in a major accident. It wouldn't bother me to buy a 57 chevy with a rebuilt ***le....but I'm sure some buyers are going to use that fact to get the price down.
I would look at the car not the ***le and go from there. My business partner and I used to rebuild a lot of wrecks to keep the doors open (small town with too much compe***ion) and I know for a fact that a rebuilt total can be as good as a new car. That said even if it is done correctly if it shows up on the car fax or on the ***le at a later date it may scare perspective buyers off. So the question becomes are you buying the car for you or buying the car with the thought of eventually selling it for a profit.
Depends on why it was salvaged. Get some do***entation as to what the damage was. Years ago I bought a Tahoe that was on a salvage ***le. Seems it had heavy hail damage. It still had it when my daughter sold it 200,000 miles later. Of course we just buy Liability on most of our stuff and pay cash so the Bank and the insurance company does not get involved.
I think salvage ***le means different things in different places. For instance in Missouri you can claim an abandoned vehicle and if you fill the papers out correctly and jump through the right hoops you can get a salvage ***le. or if you are willing to go through all the headaches you can get what they used to call a builders ***le, you had to have 3 receipts from 3 separate vehicles for 3 major components. like engine, ch***is and body ( plus all the other receipts for all the pieces that it took to out it together). The major pieces had to be notarized receipts. That became a salvage ***le. Both were a major pain in the **** to get and there are easier ***les to get but that is another way to get a salvage ***le here so from one place to the next salvage ***le means something different. I seldom look at a vehicle as an investment and never take a used car salesman's word for anything. I check it out if I like it I buy it and go from there. but that is my own philosophy and I wouldn't want anyone else to try to be me.
salvage means "Insurance Total" in Washington State, repair exceeds the retail value! It's the insurance adjusters personal call usually!
The usual BS floating around but I'd have to believe that most of us figure that a 57 Chevy is a 57 Chevy is a 57 Chevy and if it is done right and was rebuilt right the difference in value on resale on that particular car should be little or none. If it is modified I'd think that the actual condition, along with the pieces used and how well the modifications work together count more than the rebuilt ***le. The same stuff that makes or breaks any other modified rig counts there and mostly it's quality of work and choice of the components used. Restored to stone show room stock with all the factory trinkets and all numbers matching it might be hurt more by the rebuilt ***le simply because the group that throws big $$ at the numbers matching original color combo rigs might balk at a rebuilt ***le on that car and pay a kings ransom on an identical car that had had a full "frame off" restoration although both are equally perfect in all ways. Me, I would expect to pay less on a late model that had been "rebuilt" and we have a **** load of "rebuild" shops in this area that rebuild totals and put them out for sale. On one of my AD Chevy pickups I doubt that a rebuilt ***le would bother the value a plugged nickle.
Here in Wisconsin I can take a 57 barn find so to speak that has no ***le , buy it and get a bill of sale signed by the person who sells it to me . And then as I rebuild it keep slips on all major components or verifie where I got them . take this info to the D.M.V. fill out a bunch of paper work . Have the car inspected by a state inspector . And when all the stars align in heaven they will issue a ***le but it will always be branded as a rebuilt car. It doesn't always mean it was total. And most active car guys know and understand this process. The bottom line is the value of a car is based on what someone else precieves it and what they are willing to spend! I would be more concerned about its value if you painted it pink and put 20" wheels on it than if it had a rebuilt ***le!!!! Larry
South Carolina is one of those states were a salvage ***le very much effects price and no ***le is something to be avoided..I've been there,have the t-shirt and will not go back! HRP
For me, I think the original question boils down to this... You see two near identical cars for sale, one with clear ***le and the other with a salvage ***le. Will you pay the same for each, obviously (to me at least) not. So, it impacts the value in almost every instance.
While I agree that in some states a rebuilt ***le will lower a car's value stood side by side with a car with a regular type ***le I'd ask what are your intentions with the car in question and does it really matter to you? Are you looking for a collector's piece or a driver? Barrett Jackson or personal fun? We've all seen threads on here or tv shows where builders take a shell...roof, a door, 1/2 a cowl and a fender that was stuck in a back yard someplace and build it into a top notch and valuable car. Would that car have or require a rebuilt ***le and does it really matter? Every heap Foose starts with ends up gorgeous afterwards and often completely rebuilt for the lucky owner. IMO who cares about the state's paper.
salvage ***le on an old car really means nothing. all it says is someone had it fully insured and at one time it would have cost more to repair than the car was worth. it has nothing to do with the extent of the damage.
My '29 was ***led as ***embled in 1965. It differs from a salvage ***le because it has a state issued VIN number. A salvage ***le reflects the serial number of the totaled vehicle.
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