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11-13-2017, 07:22 PM
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#11
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Site Team
Join Date: May 2007
Location: Southern New Mexico
Posts: 10,179
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I have a salvage titled 2001 Ford Excursion. No problem getting full insurance coverage for it.
Herb
__________________
SMB-less as of 02/04/2012. Our savings account is richer, but our adventures are poorer.
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11-13-2017, 08:44 PM
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#12
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Senior Member
Join Date: Jul 2014
Location: Longwood, FL
Posts: 1,562
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Quote:
Originally Posted by BroncoHauler
I have a salvage titled 2001 Ford Excursion. No problem getting full insurance coverage for it.
Herb
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Was it just a theft recovery vehicle by any chance?
__________________
Greg
Old van: 1997 E250 EB30 (Stolen)
New van: 2003 E250 EB10
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11-14-2017, 07:09 PM
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#13
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Site Team
Join Date: May 2007
Location: Southern New Mexico
Posts: 10,179
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Quote:
Originally Posted by gcvt
Was it just a theft recovery vehicle by any chance?
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Roof was fully caved in after a house collapsed on it from an avalanche. The previous, previous owner ordered a brand new Excursion body and swaped everything over.
Actually, now that I think more about it, it had a Salvage title at one point, but maybe it cleared the Salvage status after the vehicle sold to the owner I bought it from in Arkansas. The Salvage status does still show on Carfax but I'm not sure AAA cares about that. Everything was fully disclosed to me, but with some states not paying much attention to things like this, you can see how it can be fairly simple to "wash" a title.
A salvage title may make financing more challenging too.
Herb
__________________
SMB-less as of 02/04/2012. Our savings account is richer, but our adventures are poorer.
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11-14-2017, 09:00 PM
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#14
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Senior Member
Join Date: Jul 2011
Location: TN
Posts: 10,254
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This thread is chock full of great info and advice. I love it when I drop in this forum and learn something new. I bought a few (cheap) rebuilt titled cars when I was younger so never even thought about full coverage insurance. I've considered a few more since then. Great info and advice above by all.
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11-14-2017, 10:34 PM
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#15
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Senior Member
Join Date: Jul 2014
Location: Longwood, FL
Posts: 1,562
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Quote:
Originally Posted by BroncoHauler
Roof was fully caved in after a house collapsed on it from an avalanche. The previous, previous owner ordered a brand new Excursion body and swaped everything over.
Actually, now that I think more about it, it had a Salvage title at one point, but maybe it cleared the Salvage status after the vehicle sold to the owner I bought it from in Arkansas. The Salvage status does still show on Carfax but I'm not sure AAA cares about that. Everything was fully disclosed to me, but with some states not paying much attention to things like this, you can see how it can be fairly simple to "wash" a title.
A salvage title may make financing more challenging too.
Herb
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Well, that's a cool story haha! The reason I asked is because I know a guy that bought a salvage-title theft recovery Corvette and had no problem getting full coverage. Was thinking maybe it's easier to get full coverage if it's not a crash salvage issue?
__________________
Greg
Old van: 1997 E250 EB30 (Stolen)
New van: 2003 E250 EB10
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11-15-2017, 03:34 AM
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#16
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Senior Member
Join Date: Sep 2016
Location: Denver, CO
Posts: 224
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FWIW Here's my .02
Dealerships won't touch a salvage title vehicle. If a seedy car salesman runs from a salvage/rebuilt title vehicle, well, there's your sign.
Just an FYI on salvage titles, insurance companies will do almost anything to keep from paying out on a policy. I had a 2014 Subaru Forester that I crashed hard in 2015. Allstate spent $19,600 repairing a $21,000 vehicle, the whole front end had to be cut off. Within a week it was having electrical problems and gremlins started popping up. When I traded it in, the VIN showed it had been in an accident, when asked, I told the dealer it was just a little fender bender. They took it in on trade.
Point of the story is, it takes a lot to have a newer vehicle considered totaled. You will only make money on a rebuild project if you cut corners. Period.
__________________
2010 Ford E350 EB 6" Weldtec Lift
2017 Subaru Legacy
1990 Volvo 240GL
2x 1987 BMW 535is
1995 BMW 540i6
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