Automotive Salvage Yards

[MemphisRheins]

Kinda got into this Idea, from the Corvette Thread...So As the Poll Says


Heres a couple of cars I just quickly found in a Salvage Yard
http://www.autosource.biz/ is the website there at

1969 Carmaro: Stolen, Interior Stripped, 7,500$
http://autosource.biz/Page/69Z29_2.jpg

2003 Ducati 999: Stolen and Recovered, Needs Mechanical Work: 5,100$ (SOLD)
http://autosource-online.com/Page/03-DU-2.jpg

2003 Ferrari Enzo, Front and Rear Damage, 409,000$
http://www.autosource.biz/Page/ENZO-F-6.jpg

1996 Nissan Skyline GTR: Stolen, and Recovered, 12,000$ (SOLD)
http://autosource-online.com/Page/96SKY-3.jpg
http://autosource-online.com/Page/96SKY-5.jpg
(Gotta love the Club on the Floor, :laugh: )

1995 Ferrari 355 GTB: Water Street Flood, no oders or mildew smells, TBA$
http://www.autosource.ws/Auction/355_1.jpg

2001 Lamborghini Diablo: Repairable Front End Damage, 1867 Miles, 94,500$ (SOLD)
http://www.autosource.ws/yahoo/P0021071.jpg

2001 Honda S2000, Same Street Flood, 9,000 (SOLD)
http://www.autosource.ws/Ad/01S21.jpg

2003 BMW M3, Same Street Flood, ONLY 812 Miles, 19,200$ (SOLD)
http://www.autosource-online.com/pics/P0013199.jpg

2001 BMW Z8, You Guessed It, (one hell of a Flood) 2,000 Miles, 57,000$ (SOLD)
http://www.autosource.ws/Pics/58_1.jpg

2004 Hummer H2, Some Front End Damage... 18 Miles on the Car, Fully Loaded TBA$
http://www.autosource.ws/yahoo/03hum-2.jpg


2000 Dodge Viper, Stolen and Stripped, Missing A Few "Bolt On" Parts, 20,000$ (SOLD)
http://www.autosource.ws/yahoo/P0008655.jpg

[Junkster]

I wouldn't just on the premises that most cars that are in such a catagory might have problems later on that you just can't forsee.

Junkster, who thinks one accident in a BMW starts a whole lot of repairs

[johnej]

I might if it was repairable, and then drive it around....

[MemphisRheins]

I chose Depends on the Car, I meen the SKYLINE, that Camaro, ad that Z8 that was covered in sewage, if its easily fixable, Id take a car that was stolen

[robert_tg]

<>> 2004 Hummer H2, Some Front End Damage... 18 Miles on the Car, Fully Loaded TBA$

:rofl:

[Noel]

I'd take the Enzo, thank you very much.

[larchmont]

I'd have trouble bringing myself to buy even a regular used car.
I never have.
So of course I say "no."

I would always go for some lesser new car than a higher-level used car, if that was all I could afford.
But that's just me.

[ChinchillaX]

depends on the car and whether or not its savagable.

[TSX Cman]

my mechanics teacher buys those kinda cars all the time. says he averages a 2x profit compared to buying cost. he deals with under 10 grand plain cars, fixes them, resells. seems like a good idea

[MemphisRheins]

Yeah, there was a Salvaged Lambo on that Site, Reselling for 200,000$... judging from the fact that the other one was selling for about 100,000$, and then thinking repairs, guy prob made about 60K... and Its defenutly not a Job I would mind having...

[larchmont]

my mechanics teacher buys those kinda cars all the time. says he averages a 2x profit compared to buying cost. he deals with under 10 grand plain cars, fixes them, resells. seems like a good idea
Yeah -- but would he DRIVE one? :D

[johnej]

the problem is the car would still have a salvage title, and what does that do to insurance, or repairs???

[TSX Cman]

Yeah -- but would he DRIVE one? :D
Definately. he kept an older volvo turbo, dont remember the model but 900 maybe? and he does drive the cars for a bit each, i know this cuz he cycles thru some ugly ass cars :) . its workin fine tho. i helped add some fiberglass body to the volvo and i think he gave it to his son a month ago.

[MemphisRheins]

According to my Grandma Her Brothers would do this back in england, lol, I think my Family owned a Chop Shop lol, but they'd buy em, fix em, paint them, and then sell em

my Grandma's brother made a Jag Racecar from a couple of wrecks, and attcually another one of my relitives back in England (Grandma was a War bride)....owns the only working Spitfire in Existance, he rebuilt it from crashed planes

[Hojo061782]

I guess that I would consider a used car, but not one that's been junked. Who knows what the elements have done to it to weaken the structure...

[rAiN]

how is it possible to fix flooded car?

[MemphisRheins]

how is it possible to fix flooded car?


:nervous: those look like they'd be the easier ones to fix lol, all 3 of flooded ones I posted Still Run, not sure how well, but at least they require the least Body work... Friggin Brand New M3 for 12,000$...Sounds pritty damn Appealing, Junk the old engine, sell it for parts, and buy a new BMW Euro Spec M3 Engine, damn lol, and It would Still prob be Cheaper then a New one

[MemphisRheins]

In all Honestly, Id buy one in a heartbeat if I had the time and money to work on it, I dont know why but It just Seems Incredibly Appealing to find a Really Great Car, full of potential, and Rebuild it, or like a Wrecked Model A, Make it into a Damn Hot Rod...Or something like that, Id really like to do that to tell the truth

[Duke]

I voted Defenutly Not :lol: but I have to rephrase that.

I'd never buy a salvage titled car for street use, ever. No insurance company will right you anything other than a Liability policy on a salvage titled car.

So if you buy that $12,000 M3 and wreck it yourself, you're out of pocket that $12,000 or the cost of the repairs...

BUT if I was looking for a dedicated track or autocross project car, I would definitely consider a non-wreck salvaged car, because no insurance company is going to cover the car for on-track damage anyway.

[TSX Cman]

ahem. i had a talk today with my mechanics teacher. just to clear it up so its not a huge exageration. he said he makes about 20-25% return profit. i think i said way more, just wanted to clear that

[larchmont]

That's still darn good, if you can do it all the time.

[ChinchillaX]

Sometimes insurance companies want to sell salvaged cars cuz they can make more money, watch this news video link from Denver.

Are Flood Cars For Sale?

One of the country's largest insurance companies said it was a simple mistake. An industry expert said the 7NEW Investigators have uncovered another example of a big-money insurance shell game. So was is it a simple clerical error or a pervasive problem allowing flooded cars to be peddled to unsuspecting buyers?

Jeff Samdman was excited when he purchased his 2004 Jeep Liberty and paid more than $5,000 below its market value.

"I thought I was getting a pretty good deal. It looks like a brand new car," said Sambdman.

But what the new Jeep owner didn't know is that the car was flooded just three months before the auction.

Kellie Vaughn owned the Jeep until a June rainstorm flooded her neighborhood. Vaughn said the water rose above the Jeep's dashboard. Her insurance company assessed the damage and called it a total loss....

Watch the video about this investigation.

http://www.thedenverchannel.com/7newsinvestigates/3941308/detail.html

[Duke]

No insurance company I've ever been involved with actually takes posession of the cars it totals. They are wholesaled to salvage yards or recycling yards without ever actually being touched by the insurance company.

Maybe little local insurers might try that but I can't see a national company ever getting even close to doing that.