[avantegardestyle]

OP

a few things I can advise you on, just to make sure you make the right decision on this.

My car was bought after being in an accident and now has a rebuilt title.
so I think I am in a position to speak regarding this issue more than some others.

1. If the car was not badly damaged It will function and drive no different from a car that doesn't have a salvage title, which sometimes have been in really bad accident, had more damage than the car you are looking at, but never reported so it has a clean title. ( in the case of my car, I only needed one headlight, a bumper and a hood, along wit radiator support. I ended up changing other things like the dash and windscreen but those were more to make sure I restored the car properly than them needing to be changed.

2. DO NOT TAKE A LOAN TO BUY A SALVAGE CAR. I bought my car cash, and paid in the teens for it and then spend another 5K to have it restored. the opportunity to own the car outright and not have a loan was what made me pull the trigger. I also had seen the car before it was fixed so I know exactly what was damaged and what needed to be changed. If you are going to finance a car, make sure that its a car with a clean title because salvaged cars are at times had to trade it and you will be forced to take a lot less for it because of that reason. Most dealerships don't even want to take them.

3. THE WARRANTY IS PRETTY MUCH VOIDED. as a result of this, when there are repairs to be done you will have to do it out of pocket. I don't know if you can get an extended warranty on a salvage car. So repairs can be expensive because you gonna have to pay everything out of pocket. as such, preventative maintenance and monitoring stuff is key to save you dollars down the road.

4. IT SHOULD NOT COST YOU MORE TO INSURE. any insurance company that is charging you more to insure your car is ripping you off and should not be dealt with. my rates are good from progressive, in line with any other car of that type with that age. However Please make sure that your insurer has agreed on a fixed value for you car, by having it inspected and valuated. if you don't do this you run the risk of having them weasel their way out of paying you in the event something goes wrong and you try to make a claim

5. THE PRICE FOR THAT CAR IS TOO HIGH. once the car has a salvage title, as a guide, you should never pay more than 70% of book value for the car.


In my case it did not matter. I get to own a great car and not have to pay a loan. if something is broken (as long as it isn't a blown engine or transmission) I can fix it relatively cost friendly as i have good relationships with Mechanics/ Body shops.
I am not going to sell this car. One day I will give it to my son to drive.....the E9x M3 will be regarded as one of the best cars BMW ever made in light of the crap coming out now.......