Quote:
Originally posted by Bimmin'88@Dec 5 2004, 04:37 PM
You got it....Resale Value. Get it for as cheap as you can and do your homework on this. Contact a lending istitution and see wahat they will finance for this vehicle w/salvage title. And I wouldn't pay any more than they will lend.
Speeking from experiance here....had 93' 5.0 w/salvage title and payed too much for it, even though I spent 5k less than for one without salvage, I still got f@#%ed in the end. The car was tight and reliable and was salvaged because all the interior was stolen. NOT WRECKED!
If this car was wrecked... I would definately do my home work.
A car with a salvage title is not worth shit...NO MATTER HOW YOU SLICE IT!! If your buying from a dealer the price is going to be too high.
hope this helps.
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Thanks for your input.
Yea, I know the resale value is out the windown, so I wouldn't plan on selling it anytime soon. It was wrecked, that much I do know. The price will be around 50% of KBB Private party price. Hopefully I would have it checked out by a BMW dealership. Good idea about financing... I'll check with my credit union on Monday as well as my insurance co.
Anybody else want to weigh in.
Ken
