Pricing Salvage Titled Pickup

[Widdle]

If it were an insurance buy back, it was damaged and declaired a total loss. What did you pay for it? For instance any car that came out of Katrina N.O. you can not even buy as within the wetness e-coli cause some people sickness. In that case, even a Hummer would be worth zero.

270K miles makes it quite valueless. I would plead it's value as near $500 with explanation. Bring the Salvage Title and cause of damage to your 341. Even if the Trustee disagrees, he would probably abandon it. I wouldn't buy such a machine. 'Hub

If I brought the Salvage Title and previous pictures, that would fly!!

I am a bit more concerned if they wanted to see the truck.

It may not be like a child....all mama's think their child is the most beautiful....however............

[Widdle]

Back in 2005, uninsured motorist totalled the front end and bent the frame.

Stupid decision on my part was to buy my truck back. I should have settled on a replacement. I just did not want payments. Took about 9 months to get the insurance money.

At the time I was severely sick and wasn't thinking like I should. I could have bought a decent truck for the money.

I had a friend that basically restored the truck back to original condition, however, it took 2 years, as he could only work on it a couple of days at a time. It turned out beautiful.

I think I paid something like $3400.00 which was deducted from the final agreed upon payment which was $9,700.00.

Also, the process I had to go through to get it registered....what a headache!

As we all know, Florida's auto exemption is dinky!!!

[AngelinaCatHub]

If it were an insurance buy back, it was damaged and declaired a total loss. What did you pay for it? For instance any car that came out of Katrina N.O. you can not even buy as within the wetness e-coli cause some people sickness. In that case, even a Hummer would be worth zero.

270K miles makes it quite valueless. I would plead it's value as near $500 with explanation. Bring the Salvage Title and cause of damage to your 341. Even if the Trustee disagrees, he would probably abandon it. I wouldn't buy such a machine. 'Hub

[forgotten]

I just saw you were in florida... so I guess every penny counts!

You should be able to argue closer to $3000. Fair condition is $3500, and technically a salvage title is poor condition which KBB does not value.
I think you would get push back going any lower unless you get an apprasial done on it that comes in lower.

[forgotten]

The blue book value is around $4k (fair condition is $3450, you should be able to use that since its a salvage title if you need to for exemption limits purposes).
If you aren't close I would just put $4k to save any questions on the value.

[Widdle]

Anyone have experience, knowledge and/or been there/done that tips for getting a "value" of a "Salvage Titled" pickup.

Specs.......

99 F250 4x4 light duty (1999 F150 look alike) Triton V8 5.4L

Mileage 270k +/-

Looks good

Runs good

New paint in 2007

No liens

Insurance buyback