Quote:
Originally Posted by BlackPhillip
My 2019 SR5 Premium I bought with a salvage title, though Ebay for $16k. Salvage titles can be great purchases you just have to perform due diligence, like the vin search above, knowing the non-salvage BB value of the same vehicle, having it looked at by a shop you trust if it was repaired to make sure it was done properly etc.
I've also sold two salvage title cars after owning them for some time. Re-sell is not impacted any more than your purchase was. If you scored a 30% discount off blue book for a salvage title you can expect to have to pass on that same 30% discount off bluebook when you sell. Straightforward and I had no problems selling the cars here in CA.
Also you 100% can get full coverage insurance. Note if you total the vehicle though the insurance companies will likely try to cut you a discounted check due to the title.
All of that said 40k seams like a lot to me for a salvage trail given I think the only plus is a rear locker. But if the repair was done well, and the upgrades they performed add up to enough added incremental value for you it maybe a deal. Especially if you plan on keeping the vehicle longterm like I am.
Whats Blue Book (plus cost of lift/tires) on this setup if it wasn't salvage? You really can't even start to make an informed decision without that number.
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Thanks for all this info. KBB is $48,000. My serious question is this, is KBB relevant anymore? Every time I sell a car people quote KBB which is almost always very low. I was under the impression that banks and insurance companies use NADA values and that dealers use MMR and black book. My 2010 trail with 104k miles and KDSS in almost perfect shape blue books for $20k. There's no way in this world I'd sell it that cheap. I sold a 2001 limited 4x4 in near perfect shape a few months back for $13k (low miles) and it blue booked for $7,000. I'd have had a line 8 miles long of people wanting to buy that 4runner for $7,000.
FWIW, I think we've decided to stay away from this one. The airbag situation worries me a lot since the wife and kids would be in it daily.