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Discussion Starter · #1 · (Edited)
Hi guys, Thanks for having me here, Straight to the point " I'm looking to purchase a 2014 BMW M6 Gran Coupe, It has a salvage title and selling for $45,000 with 66500 Miles on it, what do you guys think of this deal? What to look for when buying a salvage title vehicle (It's my first time) what about long term use? please give me your suggestion, I would really appreciate it.
Here is the car picture:

* UPDATE * After everyone's insightful comments I decided to do my due diligence before spending so much money especially after concerns raised here. I requested the VIN number from the owner and started by searching on vin decoder for any historical records that could shine light into its past. To my surprise, I saw photos after entering the VIN number so my curiosity piqued and I took a bite. Turns out a $15.00 report saved me $30,600 and some change to be exact. Funny enough when confronting the seller about it he literally stopped responding to my texts and calls. I couldn’t have been happier overall and will take car buying a lot more cautiously after this close experience.

Report Link: https://app.detailedvehiclehistory.com/report/vin/WBS6C9C53EDV73867
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It comes down to why it received the 'salvage' title, which means that the cost to repair the car exceeded the worth of the car. A salvage title car cannot be driven legally on the road and no insurance company will cover a salvage titled car. So, depending on what caused the condition, it could cost you a lot of money, time and effort to 'fix' it (especially if it was 'flooded' as water can do some serious long term and hard to find damage). You will need to have the title rebuilt which requires you to fix whatever is wrong with the car and have it pass your States' department of motor vehicle level III inspection, which is quite thorough. Pay for the new Rebuilt Title, taxes and fees. Then you have a car that can be legally driven on the road. However, when it comes to insurance coverage, it depends on a case by case basis. Most will only cover Liability. More than likely it will cost more as there is a greater likelihood that something is wrong with the car (in the insurance company's eye) and thus a greater chance of being involved in an accident. So it comes down to how bad you want it and how much time/money you want to spend getting it back to an acceptable state. It is a beautiful car based on the photos, and if it already had a rebuilt title, not a bad price. Those are my .02 cents.
 

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Discussion Starter · #4 · (Edited)
* UPDATE * After your insightful comments I decided to do my due diligence before spending so much money especially after concerns raised here. I requested the VIN number from the owner and started by searching on vin decoder for any historical records that could shine light into its past. To my surprise, I saw photos after entering the VIN number so my curiosity piqued and I took a bite. Turns out a $15.00 report saved me $30,600 and some change to be exact. I couldn’t have been happier overall and will take car buying a lot more cautiously after this close experience.

Report Link: https://app.detailedvehiclehistory.com/report/vin/WBS6C9C53EDV73867
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Good on you to do the due diligence. Yeah, the bent frame is a tough one to overcome, as everything is so tightly fitted that any deviation could cause premature wear on so many components. That's too bad, as it is a very sweet ride. Cosmetically, the car looks amazing. But, my concern is the level of quality that was put into its repair, since they are selling it for $10k less than what the estimated repair would've cost, and they need to make money from the sale (so my worry is that they skimped on important and costly replacements). Thanks for sharing the report you received on it. Fascinating to read the history of the sale post accident.
 
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