Insuring a Salvaged Car?

[niceguyeddie]

a guy at work bought one when it was time to sell it he damn near had to give it away, I didn't let her buy the car anyway

That would be my biggest fear. Then again if you got a great price on the car and were able to get your use out of it maybe it wouldn't be that bad. You'd really have too look into all of that.

He heard reg fees are more expensive. If so, that sucks.

[ChumpChange]

That would be my biggest fear. Then again if you got a great price on the car and were able to get your use out of it maybe it wouldn't be that bad.

The saying goes "it's now what you sell it for that makes the profit, it's what you buy it for."

[RitcheyRch]

not sure about now but many many years ago I had a salvaged titled Mazda RX7 with full coverage insurance. Mine was a theft recovery that totaled it out.

[Topless]

Very true about CA.

He called his ins co and was told that full coverage is available policy cost was very reasonable. However they will only offer 80 percent of blue book value if the car is ever wrecked or stolen. So I guess if you bought the car 20% under value to start with, it wouldn't be that bad.

but what is the blue book on a car with a salvaged title?

[Universal Elements]

but what is the blue book on a car with a salvaged title?

If you look at KBB with everything the car has on it, you should pay about 1/3 to no more than 1/2 for a salvage vehicle. If you pay more than 1/2 you will loose when you sell that car or wreck it. Another thing to consider is when you do eventually want to sell it, you will sit on that vehicle for some time until the right individual comes along - to get close to the price you want.