Salvage title

Here in Florida we have the "salvage title".
I'm sure there is the same concept in other states.
Question is -
I just want to buy the newest Corvette with the lowest mileage that I
can afford. I intend to drive it and enjoy it. So why not a salvage
title?
Pros? Cons?
Let me clarify that the cars I have checked out have certainly been
restored/rebuilt to a high quality.
Anyone have any experience along this line?

If you plan to keep it forever, no problem.

Tikbalang wrote:
> Here in Florida we have the "salvage title".
> I'm sure there is the same concept in other states.
> Question is -
> I just want to buy the newest Corvette with the lowest mileage that I
> can afford. I intend to drive it and enjoy it. So why not a salvage
> title?
> Pros? Cons?
> Let me clarify that the cars I have checked out have certainly been
> restored/rebuilt to a high quality.
> Anyone have any experience along this line?

Salvage title means it has been totaled by an insurance company in the past.
If you care about resale value then pass it up. At resale time, unless you
have a very special car, buyers can choose amonst many cars. They will
surely pass up one with a salvage title if they can get another similar car
with a 'clean' title

Vito


"Tikbalang" > wrote in message
...
> Here in Florida we have the "salvage title".
> I'm sure there is the same concept in other states.
> Question is -
> I just want to buy the newest Corvette with the lowest mileage that I
> can afford. I intend to drive it and enjoy it. So why not a salvage
> title?
> Pros? Cons?
> Let me clarify that the cars I have checked out have certainly been
> restored/rebuilt to a high quality.
> Anyone have any experience along this line?
>

Tikbalang wrote:

> Here in Florida we have the "salvage title".
> I'm sure there is the same concept in other states.
> Question is -
> I just want to buy the newest Corvette with the lowest mileage that I
> can afford. I intend to drive it and enjoy it. So why not a salvage
> title?
> Pros? Cons?
> Let me clarify that the cars I have checked out have certainly been
> restored/rebuilt to a high quality.
> Anyone have any experience along this line?

The main problem is that the car could have some major hidden problems
like a bent frame.

If you plan on keeping it to the grave, no problem.

All DMV's now report salvage titles to ALVIN. CARFAX most likely has it
documented as they subscribe to ALVIN.

There are a few states that will not accept a request for registration or
title on a salvage vehicle.

Thanks for the comments.
The main thing is that this car would be checked out thoroughly before
purchase so there are no mechanical "surprises". Then it would be
drive, drive, drive, with no regard to the amount of miles I put on
it. Then when it wears out I could always part it out. I don't think I
could get screwed doing that.
Does that sound like a plan?

On Fri, 25 Apr 2008 18:25:37 -0400, Tikbalang
> wrote:

>Here in Florida we have the "salvage title".
>I'm sure there is the same concept in other states.
>Question is -
>I just want to buy the newest Corvette with the lowest mileage that I
>can afford. I intend to drive it and enjoy it. So why not a salvage
>title?
>Pros? Cons?
>Let me clarify that the cars I have checked out have certainly been
>restored/rebuilt to a high quality.
>Anyone have any experience along this line?

That would qualify as "keep it forever" in my book.

Tikbalang wrote:
> Thanks for the comments.
> The main thing is that this car would be checked out thoroughly before
> purchase so there are no mechanical "surprises". Then it would be
> drive, drive, drive, with no regard to the amount of miles I put on
> it. Then when it wears out I could always part it out. I don't think I
> could get screwed doing that.
> Does that sound like a plan?
>
> On Fri, 25 Apr 2008 18:25:37 -0400, Tikbalang
> > wrote:
>
>> Here in Florida we have the "salvage title".
>> I'm sure there is the same concept in other states.
>> Question is -
>> I just want to buy the newest Corvette with the lowest mileage that I
>> can afford. I intend to drive it and enjoy it. So why not a salvage
>> title?
>> Pros? Cons?
>> Let me clarify that the cars I have checked out have certainly been
>> restored/rebuilt to a high quality.
>> Anyone have any experience along this line?