Siardi wrote:
Could have been totaled by the insurance due to the flood damage, if that's the case, title or not it would cost more to bring back to life than what it was worth before the flood.
If it had no title that would be the case, not having a title is almost always a death sentence for a vehicle.
Now bringing it back to life, that would entirely depend on how much it cost you to purchase it. Rant incoming:
(I'm not talking about anyone in particular here:)
I don't know how many times I have talked to someone who has a wrecked CRD or a CRD with a bad engine, I ask them what they need/want to get for it, and I get a typical response of something like, "I could let it go for $5000")
Right, so you have a vehicle thats 6-7 years old, with 100k miles, a bad engine, needs tires and other misc things too, and you want $5000 for it? A new used engine will run you $4500 all day long online. So not even counting labor time or ANYTHING else thats $9500 right there, when for $10,000 you could go out and buy the same vehicle and make sure there were not going to be any surprises.
So take that CRD above, lets say it has a bad engine and a salvage title, roadworthy with a salvage title it would probably be worth about $7000, thats compared to the $10000 it would be worth with a clean title. So lets assume it needs an engine because thats about the highest cost item it could need, ie a worst case scenario. $7000-4500 = 2500. Now lets consider the costs of the taxes/tiles transfer fees, plus a few incidentals its going to need (fluids, window regulartor, maybe tires, etc). $1000. So $7000-4500-1000 = $1500.
So the seller goes $1500 is insultingly low! I can't take that! Yet at the same time if you paid $1500 for it you would only break even on selling it, after risking nearly $7000 cash and months of your time to buy it, fix it, and sell it. Thats not even counting if you have transportation costs and all sorts of other things that nickle and dime you to death on a project like that.
So to even make $1000 off of it, you would need to get the thing for $500, you think thats gonna happen? I sure don't.
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