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Buying a car from salvage auction
Posted on 8/22/19 at 11:28 pm
Posted on 8/22/19 at 11:28 pm
Anybody got any tips? Or is it even worth it to begin with??
Some deals seem very good, but sometimes the listed "repair costs" for decent looking cars on the vin report come back as total losses or in the tens of thousands, yet a vehicle may look to only need a couple thousand or so in repairs.
Is all this shite just one big scam or are there actual diamonds in the rough to be had.
Some deals seem very good, but sometimes the listed "repair costs" for decent looking cars on the vin report come back as total losses or in the tens of thousands, yet a vehicle may look to only need a couple thousand or so in repairs.
Is all this shite just one big scam or are there actual diamonds in the rough to be had.
23
Posted on 8/22/19 at 11:33 pm to Jack Ruby
I'm sure there are finds to be had. The problem is you're bidding against guys who know a lot more about it than you.
Posted on 8/22/19 at 11:42 pm to Jack Ruby
Im not a mechanic so I woundnt risk it. But that's just me.
Posted on 8/22/19 at 11:49 pm to Jack Ruby
Buddy of mine does it
He is partners with a guy that owns a body shop
They buy damaged cars for cash and fix them
They learned a lot of lessons the hard way
He swears they have never lost money on a car
He is partners with a guy that owns a body shop
They buy damaged cars for cash and fix them
They learned a lot of lessons the hard way
He swears they have never lost money on a car
Posted on 8/23/19 at 12:00 am to Jack Ruby
Watch some Samcrac videos on YouTube.
He has found some amazing deals on cars that were totaled because of minor frame damage.
He has a lot of tips for buying.
He has found some amazing deals on cars that were totaled because of minor frame damage.
He has a lot of tips for buying.
Posted on 8/23/19 at 12:03 am to Jack Ruby
(no message)
This post was edited on 11/16/21 at 8:40 am
Posted on 8/23/19 at 12:18 am to Rebel
I’ve been watching his F360 salvage videos but the advertising in the beginning of the recent ones is getting a bit tiresome
Posted on 8/23/19 at 2:34 am to Jack Ruby
Consider it a disposable, you won’t be able to get any money out of it when it’s time to sell or trade.
Posted on 8/23/19 at 4:48 am to Jack Ruby
Your biggest loss will come with resale. The car will forever carry a salvage title. Few will be buyers, those interested will expect it at a fraction of current value.
Posted on 8/23/19 at 6:44 am to Jack Ruby
If you can make $500 on a car then it's worth it. Your insurance for a dealers license is about 2k per year. You have to have commercial property and a sign displayed with your business name. Do you own a body shop? Mechanic shop?
Posted on 8/23/19 at 6:56 am to Jack Ruby
Call Moon’s Wrecker Service in Jefferson, LA for a price on this rebuildable wreck and they’ll throw in some Mardi Gras beads....
PS: I would tread very cautiously in the world of rebuilding Salvage Autos.
Because of the implication...
PS: I would tread very cautiously in the world of rebuilding Salvage Autos.
Because of the implication...
Posted on 8/23/19 at 6:59 am to Jack Ruby
A total loss is a total loss.
Can you halfass repair a car and sell it for more than what you have in it? Yes, there's a butt for every seat.
Will it be structurally sound and as good as new? No, of course not.
Now, you can make a great track car out of some of those.
Can you halfass repair a car and sell it for more than what you have in it? Yes, there's a butt for every seat.
Will it be structurally sound and as good as new? No, of course not.
Now, you can make a great track car out of some of those.
Posted on 8/23/19 at 7:08 am to Rebel
quote:
Watch some Samcrac videos on YouTube.
That guy is really annoying for starters. But what he does is very unethical at best. The way he half arse fixes frame damage is extremely dangerous. He cosmetically repairs those exotics, but they will never come close to being able to handle and perform the way they are intended to.
There is a reason they were totaled out in the first place....because it will cost more to repair them properly than they are worth.
Posted on 8/23/19 at 7:08 am to Jack Ruby
I would think finding insurance for a car with a salvage title would be difficult.
Posted on 8/23/19 at 7:18 am to Jim Rockford
quote:
The problem is you're bidding against guys who know a lot more about it than you.
Correct
Posted on 8/23/19 at 7:22 am to Jack Ruby
Only decent idea if you are very mechanically inclined and can perform most of the repairs yourself, or you have a connection with someone who can and will give you a big discount. One other possibility is if you're looking for parts and the price is right.
Posted on 8/23/19 at 7:27 am to Jack Ruby
If it’s a newer car I wouldn’t fool with it. I’d think finding some classic cars with say flood damage would get some nice ones, as they don’t have much in electronics. Just have to clean it out good and break the engine down make sure it’s not full of water. Even if it is you can clean it out and run it as long as it isn’t seized up.
Personally I think totaled boats from hurricanes is a better bet. Many just have a hole in the hull that can be repaired or water got in the cabin. You can get a damn small yacht for under 20k and strip the interior out and redo it, service the engine, and good to go. 250k plus boat that might require 25k total in investments
Personally I think totaled boats from hurricanes is a better bet. Many just have a hole in the hull that can be repaired or water got in the cabin. You can get a damn small yacht for under 20k and strip the interior out and redo it, service the engine, and good to go. 250k plus boat that might require 25k total in investments
Posted on 8/23/19 at 7:29 am to MikeBRLA
Imo it’s not worth fixing in order to sell the cars or drive on the highway.
Make it a track car, or maybe a cheap truck for the camp
Make it a track car, or maybe a cheap truck for the camp
Posted on 8/23/19 at 7:37 am to Jack Ruby
Know a guy that got an early 90s bronco at one and fixed it up as a camp vehicle and it’s pretty badass
Posted on 8/23/19 at 7:50 am to MiDixon Yermouth
quote:
Your biggest loss will come with resale. The car will forever carry a salvage title. Few will be buyers, those interested will expect it at a fraction of current value.
Bigger companies with national footprints are able to "wash" a title by titling it in a state like New Mexico that does not issue "salvage titles". It'll still show up in Carfax reports as having been totaled, but that puts the next buyer in the position of doing research and knowing the history of the car.
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