They Totaled my Ranger hmmm...

[lethal-threat-b288]

taking the $6800 then will give him a salvage title and therefore automatically cut his re-sale value in half.

ask the adjuster to give you the most he will give without "totalling" the truck. it's not totalled until they hand you the check

didnt he say he keeps everything forever? i think so, so that wont make a diffrence!

 

[basilfaulty]

swing and a miss there buddy. you are right there are many variables , but what i said is the only given is salvage title. it always cuts it in half no one of the other "factors" that you are referring to are that common, and predictable, applying to all vehicles non-discriminantly. but i don't need to tell you that. you already knew that

Part of my job is to process total losses and I often have to value vehicles that were previous totals that were rebuilt. It does not always cut the vaue in half and often does not depending on the vehicle. I can tell you that vehicle age, type of vehicle, market area, quality of repairs, (repairs visible from exterior, repairs visible from interior, repairs not visible) and condition of vehicle are all factors in the current value of a vehicle with a salvaged title. We use Autosource which values millions of vehicles each week nationwide and they certify and guarantee their calculations and values. Auto dealers use more of a rule of thumb and seem to treat every vehicle with a salvage title the same. You can't tell me that 2 similar vehicles both with salvage titles where one was repired horribly and is an obvious repaired total would have the same deduction as a vehicle with high quality repairs and not visibly repired would have. What about a flood vehicle with a salvage title vs a vehicle that has had a full body section? If you were looking to purchase a vehicle that had a salvage title would you be willing to pay the same amount for one of these vs the other? Like I said there are alot of variables that factor in to the true ACV of any given vehicle.

 

[shane96ranger]

rebuilt restored is just as bad as salvage

Hmmmm, CCU lent him over half on a rebuilt title, but wouldn't on a salvage. Weird.

 

[cammeddrz]

Part of my job is to process total losses and I often have to value vehicles that were previous totals that were rebuilt. It does not always cut the vaue in half and often does not depending on the vehicle. I can tell you that vehicle age, type of vehicle, market area, quality of repairs, (repairs visible from exterior, repairs visible from interior, repairs not visible) and condition of vehicle are all factors in the current value of a vehicle with a salvaged title. We use Autosource which values millions of vehicles each week nationwide and they certify and guarantee their calculations and values. Auto dealers use more of a rule of thumb and seem to treat every vehicle with a salvage title the same. You can't tell me that 2 similar vehicles both with salvage titles where one was repired horribly and is an obvious repaired total would have the same deduction as a vehicle with high quality repairs and not visibly repired would have. What about a flood vehicle with a salvage title vs a vehicle that has had a full body section? If you were looking to purchase a vehicle that had a salvage title would you be willing to pay the same amount for one of these vs the other? Like I said there are alot of variables that factor in to the true ACV of any given vehicle.

ok lets try this again, those 2 vehicles would have different conditions due to the differing level of repairs......that's one of those variables. there are variables that will bring value down, there are variables that will bring it up too

salvage will cut it in half but if the condition is better that condition could bring it back up above the 50% mark....variables dude

Hmmmm, CCU lent him over half on a rebuilt title, but wouldn't on a salvage. Weird.

yeah i was exagerating. it isn't much better than salvage. but if the vehicle's condition is very good they often lend more. just like when we had used cars that booked for $8,000 and a credit union would loan up to 90% but if we showed it was in exceptionally good condition they occasionally went to 120%. its all those little variables that make up that 50% that salvage hurts

 

[basilfaulty]

ok lets try this again, those 2 vehicles would have different conditions due to the differing level of repairs......that's one of those variables. there are variables that will bring value down, there are variables that will bring it up too

salvage will cut it in half but if the condition is better that condition could bring it back up above the 50% mark....variables dude
thats what i was saying...it isn't always 50%. Salvage title doesn't automatically cut the value in half. Glad to see you agree now!



yeah i was exagerating. it isn't much better than salvage. but if the vehicle's condition is very good they often lend more. just like when we had used cars that booked for $8,000 and a credit union would loan up to 90% but if we showed it was in exceptionally good condition they occasionally went to 120%. its all those little variables that make up that 50% that salvage hurts

Loan value is a totally different ball of wax. Some banks won't lend money at all on a salvage titled vehicle...that doesn't mean the vehicle has no value. I was talking ACV not loan value. Some insurance companies won't put comp or collision on a vehicle with a salvage title.