TheGanzman
TJ Enthusiast
Sigh...As my father used to say: "You can lead a horse to water, but you can't make him suck your dick..."
You're gonna do what you're gonna do; there it is...
You're gonna do what you're gonna do; there it is...
TJ with salvage title
- Thread starter NevadaMike
- Start date
not everybody has to have a different vehicle every 6 months, some of us fix em and drive the shit out of them.
I’m just trying to get input from those who know more about this than I do. I would prefer one with a good title and in pretty good shape, but TJ’s like that are running about $20k around here. So something for a fraction of that got my interest peaked about one with a salvage title.
Must be a California thing. I have full coverage on my Jeep with a stated value policy at $28k. I have a prior salvage title from a tree falling on the roof. Runs me about $80 a month.
Why would you pay for full coverage for such a cheap vehicle? Insurance won’t pay more than their version of BB, ignore the upgrades and most likely any damage done off road.
I have an 89 YJ with a salvage title and have never had an issue with it because of it. I pay $350 a year as a recreational vehicle. I bought it from the junkyard back in 91. Junkman was using it as his dingy and decided to switch to a Cherokee. While some won’t buy a salvage many do. Some guy will see it cum in his pants and hand over the cash.
I have an 89 YJ with a salvage title and have never had an issue with it because of it. I pay $350 a year as a recreational vehicle. I bought it from the junkyard back in 91. Junkman was using it as his dingy and decided to switch to a Cherokee. While some won’t buy a salvage many do. Some guy will see it cum in his pants and hand over the cash.
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Theft, and potential major off road damage. Hard to replace an LJ Rubicon for under $20k, let alone one that has a lot of mods. I rarely even drive it on road. Just cheap piece of mind.
Stated value give me $28k replacement if its stolen or destroyed. Policy is with Hagerty.
Not all insurance companies are like what you just described. My very well built 97 TJ was stolen 11 years ago. I sent AAA a 3 page spread sheet and photos documenting everything I had done to it which was a LOT. Due to the spreadsheet and photos I provided, AAA hired an independent adjuster to go over everything. Not long afterward I received a check for more than double what they could have gotten away with according to the policy. They had no clue of all of my upgrades until they received my information so none of the upgrades were technically covered. It was a substantial check for a TJ with just over 200k miles.
If my current salvage title TJ gets totalled or stolen I will receive $0.00 from my insurance company since I only have liability insurance coverage.
I don’t if it’s a state thing or an insurance company thing but I found out the hard way when I bought my TJ and my insurance company wouldn’t cover it because it had a rebuilt title…I had to change insurance companies to one that would just cover it for liability…
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I think it's the same way in CO, liability only.
Isn't Hagerty more for "toys" like UTVs than normal highway vehicles? Maybe they don't care as much and insure it as a crawler or something
Isn't Hagerty more for "toys" like UTVs than normal highway vehicles? Maybe they don't care as much and insure it as a crawler or something
They insure everything from ATV to Super and Collector Cars. They rate it and charge by miles and risk. I have a mileage limit but its pretty much a trail Jeep so that's never an issue, I believe its 5 or 10k miles per year . I told them how much coverage I wanted (few thousand more than I paid for the Jeep) and they gave me a rate. Its about double what I would pay for liability, but for me its worth it.
Okay interesting. Sounds unconventional, didn't know that was how they're coverage was offered but had heard about them before
Who cares if resale on a salvage title is low? You paid a low price to start with!
If it's in acceptable condition to you and you aren't trying to flip it then salvage title really isn't a big deal. May cost you if you sell down the road but it's about the journey not the destination. Don't let a horse suck your dick.
I'd be into a salvage title vehicle. My insurance costs so much more if I get anything but liability only I could replace my car in 2-3 years or less with the money I'd be spending on insurance anyways. So might as well save the money on the purchase price too
TheGanzman
TJ Enthusiast
Two points that *I* was trying to make here; to wit:
1). It's been my experience in selling 36 vehicles, most of them some sort of "specialty vehicle", in the last 47 years, that people look for ANY & ALL opportunities to work you down on your asking price; in short, it makes the whole painful process even MORE tedious and onerous. Does anyone here actually LIKE the whole private party vehicle selling process? A Salvage Title is the equivalent of trying to get a date when you have a big herpes chancre or three on your lip...
2). As most of us know, YOUR modifications and "improvements" are usually not what someone else would have picked for the same vehicle. How many times have you looked at someone else's build here on this very forum and thought "WTF were THEY thinking?!" even if you're polite enough not to say anything. Getting a Salvage Title vehicle induces a feeling of carte blanche in one's mind to use the $ they saved on the initial buy-in price to go hog-wild on their build. Then when it comes time to sell at somewhere near the price that YOU think your modded vehicle is worth, you're too often slapped into reality when that big long line of potential buyers doesn't materialize...
I can't EVEN count the # of times I've said to myself "I'm-a keep this vehicle FOREVER!" Then, Life happens. I'm just trying to gently suggest that the OP consider paying a bit extra "up front" against the almost certain contingency that "Life" may require a vehicle sale down the road. My advice is worth EXACTLY what youse paid for it!
And it STILL doesn't matter. "This is the price, take it or leave it" applies, regardless of salvage title or not. InsCos "total" vehicles these days at the drop of a hat - to the point of where its becoming meaningless. They tried it on me. You're beating a dead horse.
TheGanzman
TJ Enthusiast
I'm out - best of luck to ALL you Salvage Title vehicle buyers!
To buy the salvage titles jeep, replace the ignition switch and put a new top on it I would be up to 8k. I saw a TJ on Craigslist that’s a base sport, like the salvaged one, that needs new seat covers and a rear seat. It’s listed for $9,800. That makes the the salvage titles one over priced and not worth the effort.
I did see one Craigslist for $25k that has my interest. It’s a 2003 tomb raider edition rubicon with 66k original miles. It’s #138 of 1000 made.This looks interesting and may be worth the extra price. I’m not in a hurry to buy, I just thought it might be a cheaper way to get one until I started adding up cost to bring it up to acceptable standard.
I did see one Craigslist for $25k that has my interest. It’s a 2003 tomb raider edition rubicon with 66k original miles. It’s #138 of 1000 made.This looks interesting and may be worth the extra price. I’m not in a hurry to buy, I just thought it might be a cheaper way to get one until I started adding up cost to bring it up to acceptable standard.
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