Salvage title value

[Rabbit_7702]

Does anybody know how low the value of a karmann ghia goes if it has a salvage title?

[EverettB]

It might not affect it at all, it depends on the year and condition.

For me, it affects the value quite a bit because I know insurance won't pay out nearly as much on a salvaged title vehicle.
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[grandpa red]

I recently bought a '72 bug with a salvage title.
Don't know why it was titled this way but for the quality of the paint and work done to it was better than ones going for thousands of dollars more.

As far as insurance normal insurance won't pay out much anyway because of age and title.

I was told I can buy classic car insurance for more of a payout.

The PO had State Farm classic car insurance and covered it for 15K.

[iowegian]

[modok]

I thought about it a while back and decided that every 50+ year old car is "effectively totaled" by time. So it just doesn't really matter.

It's a liability thing, absolving the car maker and the insurance company from being responsible for it.
Now it's on YOU to make sure the car is built, maintained and repaired correctly. WEll OF COURSE! That's how it is anyway, so it should make no difference.

I got a call today about "your car's extended warranty is about to expire"
really?

[wheel607]

[Busstom]

Yeah, it's a strange concept: think of all the VWs that have been crushed in the front or rear (or both), and they WEREN'T totalled/salvaged, yet those specimens are apparently worth substantially more because they don't have the stigma. I have one of those examples myself, sandwiched in a rear-end crash, so it got it from both ends (all straight now, but the inner scars remain).

On the other hand, I plucked an identical copy of that car (BB '65 Beetle), with a salvage title, and it's 10 or many more times cleaner than the one without a salvage. And I'm talking about zero (ZERO, NADA) rust, anywhere, garaged most it's life, original date-stamped wheels still in blue-white, OEM German bumpers, all German body parts, mostly original BB paint, original manuals and documentation from Mill Valley Volkswagen (now defunct dealership), and complete, unmolested. Totalled at some early point merely because of a front-end collision...you can see the wrinkles in the spare tire well. But damn somebody did a hell of a fix-it. Way tighter body gaps and symmetry than many cars I see around, way way straighter...all for $3K...because of that "death kiss." I'll take that all day. Hell, serve me up a split Bus with a salvage ticket, I'll take that for chump change over all the baskets being offered up for thousands nowadays. Oh, wait, doubt there're many around, and besides, those probably aren't subject to the normal market forces.

[modok]

Insurance companies....I think they shake a magic 8-ball to determine rates and also payouts.

I THOUGHT a salvage title meant that the vehicle was damaged beyond repair..... NO

It means the insurance company didn't want the LIABILITY of repairing it.
Even if repairing it would be cheaper, they give you the full amount!
Dented fender and bumper?......TOTALED

So the sketchier and rarer your car is...... the more money you get!
It's a perfectly logical system, Wait..... no it's insane! but that's how it is.
It can be quite profitable to drive a sketchy rare car, and if it is salvage title or not does not make any difference.......as far as I know.

[EverettB]

[grandpa red]