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Not necessarily
Posted by Kevin Rhodes (more from Kevin Rhodes) on Mon, 7 Mar 2011 10:38:18
In Reply to: Re: Rear ended after 2months of ownership!, EGD [Profile/Gallery]
, Sun, 6 Mar 2011 16:00:14
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I've bought and sold several salvage title cars over the years. I have found that the impact of the title brand is proportional to how long you keep the car. As the car depreciates, the impact is less and less.
Best example, I bought a '00 9-5 SE V6t Wagon that had been hit in the drivers door, written off, and repaired between paying jobs by a body shop. It had 40K on it and was 4yrs old when I bought it. Similar cars were retailing locally for $18-20K at the time. I bought it for $8500. I kept that car for three years and another 45K miles, and sold it easily for $7500. Non-salvage title cars were selling for $9K or so by that point. But like any other used car, you need to buy carefully and do your homework.
For the OP, I would expect that the car would be written off. Given the deals to be had on new ones, I can't imagine buying it back and fixing it.
Kevin Rhodes
Westbrook, Maine
posted by 74.78.62...
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