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50% is correct...... Posted by Mike Lynch [Email]  (#81) [Profile/Gallery]
(more from Mike Lynch) on Thu, 9 Jun 2005 13:11:29
In Reply to: "Branded" Title ???, Railhead  [Profile/Gallery]
, Wed, 8 Jun 2005 07:50:22
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A legit used car dealer, like me, rule of thumb for salvage is 50%. And that's if it actually looks OK. I wouldn't recommend a salvage car unless you own a bodyshop or have that kinda' capability. Knowing the car, pre salvage and knowing the extent of the damage could be a major factor, but shouldn't make a fair bid for the car go up that much.
The salvage game is played like this. By 'em ofr 50% off, sell 'em for 80% of retail, make 30+%. Salvage cars are listed at 20% less, and always have low miles and fresh paint after spending so much time in the bodyshop. And smometimes you get the "salvage" story part sugarcoated, so it doesn't sound so bad.
That's one of the sales points, that it doesn't matter what the dealer or seller says, it could just be a theft recovery or something goofy. Once you accept "salvage" there's no greater salvage or lesser salvage, the brand is all the same regardless of the circumstances and the seller's assertions can't be relied on to prove fraud or mis-representation. A salvage vehicle has been declared a total loss by someone, beware.
I call it a "two for one" deal, the front half of one and the back half of another....
, Wed, 8 Jun 2005 07:50:22, Thu, 9 Jun 2005 13:11:29 <-- Viewing This Message
, Wed, 8 Jun 2005 09:10:28, Wed, 8 Jun 2005 10:02:05
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