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Originally posted by sigma:
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Honestly, if you're just looking for cheap temporary fun to drive transpo for the time being you should consider fully repaired, rebuilt/salvage titled vehicles. You can't beat them for the price and Ebay is loaded with them most of the time.




This seems like a good idea, but I have no experience with salvage cars. Do the register, inspect, and insure all the same? Can you finance one? I can figure on a little tougher time when it comes time to sell them I imagine. But if the price is right that's not a bad idea.






Well, it's pretty simple actually. If you watch for the caveats you would be good to go. Basically, find out WHY it was salvaged first. It's amazing what they salvage a vehicle for nowadays. For instance, if a car is sitting on a lot brand new and gets stolen and say the airbags, seats, steering wheel, radio, and doors were stolen. That vehicle would be salvaged easily. Or if airbags are deployed even in a small collision, they would salvage the car in most cases. Salvaged vehicles in Texas can be registered, titled and insured easily once they pass inspection. Usually though, you'd already have a branded title and from there it's really easy to get inspected because you'd already be in a turn key. Registration would be the exact same as in a regular titled car. Sure, you might run into an issue selling it, but your risk is relatively low because you would have paid so little for the car if you purchase the right one. For instance, it's not abnormal that could score a fully repaired car for $11-12k-ish that with a clear titled would command $20k+. My motorcycle is branded salvage, haven't had a problem with it to date. And I've looked at quite a few salvaged cars recently to get into something cheaply that I normally wouldn't consider. Salvaged cars can readily be financed too. There aren't any restrictions on that from most lenders. Also, I've spoken to dealerships and the warranties usually aren't voided unless it was damaged beyond recognition then repaired. You can always check for warranty via the VIN number through a dealer's service department. Back to the financing, that is A LOT easier because the vehicles are really inexpensive. Lender's look at it as pretty sound security. In the grand scheme of things it's actually worst to have a car branded "lemon" than rebuilt/salvage. Lemon cars are guaranteed to have their warranties voided.

So to sum it up, research WHY it was salvaged. It's easy to get the truth from the insurance company that salvaged it. Get a copies of the documentation for the repairs that were completed. If it's in a warranty period, check the VIN with the dealership to see if it's still covered. And if you're considering buying one have a body shop that you trust and a mechanic inspect the vehicle. Once all that's done and it passes muster, I'd say you're golden. All in all you usually save yourself around 30%- 50% sometimes more.

Salvaged vehicle examples on Ebay although they're not what you want and out of your price range, you'll see where I'm coming from.


2004 Mach I

2003 350Z

Lexus ES330



2006 Mazdaspeed6 1997 Yamaha YZF1000R Thunderace 1996 Volvo 850-R
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Originally posted by Doppelg�¤nger:


2003 350Z







Fixed.


-'96 SE MTX 3L -'98 SVT 1,173 of 6,535 -'05 Mazda 6s, loaded, g/f's ride -Need a 96-00 manual on CD? PM or email me
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Originally posted by todras:
Originally posted by Doppelg�¤nger:


2003 350Z







Fixed.




Mo' fixed. Thanks.


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If someone can buy a 2006 version of your car for $20k this summer, I think 14k is high expectations, despite what KBB/Edmunds says. But, it doesn't cost much to test the market. Sticks suck for resale.

Depreciation on your car vs. another $10k-12k car is probably very close. Refinancing your loan balance (dunno what that is, but say $12k) for a longer term would effectively do the same to your cash flow situation if you need it. How much longer do you have to pay for it vs. how much longer do you expect to purchase the next vehicle? If you did pay the 6s off in say 2 more years, no payments after that starts saving up quickly plus the value of the 6.

I guess I'd look more for a <$3k domestic with good track record.

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Bah - I say stretch the budget a little a go for this:

'87 Grand National - $14K

or drop the budget down and go for this:

built '91 Eagle Talon - $7500


Jim H 95 Midnight Blue SE (Sold) 98.5 Silver Frost E1 (Sold) '04 G35 6MT Sedan (Sold) '01 Aurora 4.0
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Originally posted by sigma:
Manual Transmission is a requirement.




Ahem.


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MT be damned - it's a GN!


Jim H 95 Midnight Blue SE (Sold) 98.5 Silver Frost E1 (Sold) '04 G35 6MT Sedan (Sold) '01 Aurora 4.0
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2002-2003 Maxima SE 6 speed with optional factory LSD

V6 3.5L, 255 hp. Luxury, style and performance.


Tony 1998 SVT Contour (B/MB) #542 3L 1998 SVT Contour (SF/MB) #1266 parts car 2000 SVT Contour (SF/MB) #1533 3L swap to begin!
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Nissan 240 SX- meets all of you requirements.


Hector 2003 Rally Red Mitsubishi Evolution VIII 257HP/259TQ 2005 Lapis Blue Mazda 6s RET: 00 Cabernet Red Ford Contour Zetec ATX SUPERCHARGED 160HP/141TQ
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For $12k I don't know how nice of an E39 5-series you would get, they tend to hold their value pretty well. I know when I was looking last spring I didn't want to pay what they were going for, and that was 530's not 540's.


"Bros before Hoes" <-- More men need this mentality.
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