Originally Posted By: Prune_Juice
Originally Posted By: stephen9666
It totally kills the resale and negates the factory warranty.
This is from the Subaru site:
http://www.subaru.com/owners/vehicle-warranty/warranties-2016.html
Quote:
Cars Ineligible for Warranty Coverage
The vehicle is not eligible for warranty coverage if the vehicle identification number is altered or cannot be read; if the vehicle has been declared a total loss or sold for salvage purposes; if the vehicle has been dismantled, destroyed or changed in such a manner that constitutes a material alteration of its original construction; if the odometer mileage has been changed so that mileage cannot be readily determined.
So, only buy it if resale doesn't matter.
To me, it would be OK for a cheap commuter that I planned to keep until it had very little value. But to spend $15k on a car with a salvage title? No thanks.
This.
I agree on how rebuilt could work, salvage title, if the goal was to never resell. However, this car sounds overpriced. The seller sounds like he is comparing Blue Book value to that of a perfect vehicle.
I wonder if insurance wrote off the car, in which case, every dollar may be profit for the seller.
What do you mean by that? How would he have gotten the car for free?
Originally Posted By: stephen9666
It totally kills the resale and negates the factory warranty.
This is from the Subaru site:
http://www.subaru.com/owners/vehicle-warranty/warranties-2016.html
Quote:
Cars Ineligible for Warranty Coverage
The vehicle is not eligible for warranty coverage if the vehicle identification number is altered or cannot be read; if the vehicle has been declared a total loss or sold for salvage purposes; if the vehicle has been dismantled, destroyed or changed in such a manner that constitutes a material alteration of its original construction; if the odometer mileage has been changed so that mileage cannot be readily determined.
So, only buy it if resale doesn't matter.
To me, it would be OK for a cheap commuter that I planned to keep until it had very little value. But to spend $15k on a car with a salvage title? No thanks.
This.
I agree on how rebuilt could work, salvage title, if the goal was to never resell. However, this car sounds overpriced. The seller sounds like he is comparing Blue Book value to that of a perfect vehicle.
I wonder if insurance wrote off the car, in which case, every dollar may be profit for the seller.
What do you mean by that? How would he have gotten the car for free?