Edmunds Answers

Answers

  • mr_shiftright 01/07/08 12:50 pm PST

    I would say use Edmunds True Market Value appraisal system, find the Trade-in Price, and take at least 30% off that number. Also check with your insurance company as some companies will not insure salvaged vehicles; also any extended warranties are void. Also you may not be able to get financing.

    Keep in mind that whatever gets you in cheap on a car will come back to haunt you when you sell; so buying a salvage car isn't necessarily a bad idea but it's a bad idea to pay anything but a really REALLY bargain basement price for it.

    Here's your linkn to True Market Value: http://www.edmunds.com/tmv/used/index.h
    t...

  • madmanmoo 01/08/08 2:24 pm PST

    Agree with Mr.Shiftright. Buying a salvaged title vehicle is risky to say the least. The deal you get must be a barnburner.

    Good luck.

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