Pricing Salvage Titled Pickup

[ItIsWhatItIs]

forgotten, Thanks for your reply. I may have to dig up an old picture (jeep hasn't changed much since it was taken). The jeep is in Arizona and I have no plans to drive out there to get pictures. Can't afford to spend gas to go there. right now. I guess you suggestion of what would I pay for it is good. I think we bought it about 15 years ago for about $2000. and I don't think the repairs are major. Thanks again. I think these boards are going to help me sleep while going through this horrible time. You are the 1st person to repsond to one of my posts~I just joined tonight and have alot of questions.

[forgotten]

Can anyone on this thread tell me how to find the value of my 1952 Willy's Jeep that is unoperable? Thanks!

Could be worth $100, could be worth $10,000. There is no definitive guide for older vehicles. If its fully restored and in great condition its worth a lot, you say its unoperable but does it need a fuel pump or does it need an engine? Is the body in great shape or is it a rust bucket?

It comes down to, what do you think you could sell it for? If you were in the market what would you pay for it? If you value it very low take pictures to show the condition if asked about it.

[ItIsWhatItIs]

Can anyone on this thread tell me how to find the value of my 1952 Willy's Jeep that is unoperable? Thanks!

[AngelinaCatHub]

OMG...after cleaning my keyboard from all the spewed coffee...I decided we better put a disclaimer on this:

"DO NOT TRY THIS AT HOME!"

We also had a beautiful Gold 1968 Chevy Impala, that is until DH's son and his girlfriend drove it into the rear end of a School Bus in the midst of writing a note for skipping class the day before.

I agree. Only let professionals such as I perform these insanities.

Second mark: So what note did they write you parents and the insurance company? I'll bet an officer wrote them a short note. LOL. 'Hub

[Widdle]

Boy you got that right. I was just going to PM you for a couple of ten's. OK, I get it, no loan.

However, we had a junker that due to health was garaged and abandoned. Here is the short story. I purchased a very nice looking (also hit in rear) 68 Impala. It ran well at the time but the back brake would lock the wheel up. So in 2004 I purchased all the parts for a 100% brake job. Cylinders, hoses, shoes, master cylinder, springs, etc.

Well I came down with the big C so I was out of it until 2007 due to the chemo and stuff. The car would not run then, was on blocks and although it was a blue car, was green.

I listed it in my bk and at 341 was asked what I thought it was worth. I said I don't know. The Trustee (who was very kind) said, "Well it could be a piece of rusty iron or worth a great deal as a collectible." I said I do not know, but it hasn't run since 04, is green with mold and is on blocks and I don't know what it is worth but nothing to me. He said "fine". Later he listed stuff he abandoned and that was one item.

In 2009 about March I was feeling very well, so I addressed the brakes. One wheel at a time as I could and had all the parts now four years old. It took me two weeks for what used to be for me, a six hour job. The brakes were all new.

The gas was four years old and I thought I need to get new gas as this stuff will be bad. the car had been backed into my garage and the tank filler is middle rear bumper. So a garden hose and I attempted to suck on the think to draw a siphon. To no avail. Well I saw Mrs. old vacuum cleaner and being the genius I am I thought, "I'm working too hard, I'll get this going with the vacuum." Well it worked JUST FINE. In a split second I had gas boiling out of her vacuum cleaner and completely over me and under the car. Now you may not know but vacuums have sparky brush motors. The gas came so fast that it drowned the motor sparks and I hit the road yelling to Mrs. to "RUN FOR IT", and pulled the plug on my way out. I fully expected the garage to blow up at any time. After a day it did not. I put a battery in and the car started with a grown. Then after turning in front of an oncoming car, the carb choked out and we stalled. The kind gentleman did not T-bone us and waved some sort of love sign shouting I'm sure Merry Christmas to us. We rebuilt the carb on my computer workshop bench.

After cleaning up the paint and waxing the car, it looked pretty good. We played with it for some weeks and then sold the car long after our discharge for more than double of what we paid and while attempting to sell to the first looker two other parties came up offering to out bid the first. The first (without even negotiating my price) said "I HAVE ALREADY BOUGHT IT!!!" and so, the deal was done and they were very happy and so were we.

Now we hid nothing at all from the Trustee. I could have cared less if he took the thing as I was too sick to be concerned with the car. Once abandoned it was mine. I almost took it for scrap but since I had the parts and felt better I made a pretty car.

So that's my car story and maybe your 'treasure' will be abandoned. 'hub

OMG...after cleaning my keyboard from all the spewed coffee...I decided we better put a disclaimer on this:

"DO NOT TRY THIS AT HOME!"

We also had a beautiful Gold 1968 Chevy Impala, that is until DH's son and his girlfriend drove it into the rear end of a School Bus in the midst of writing a note for skipping class the day before.

[AngelinaCatHub]

[/B][/COLOR]




Okay, I'm not so worried now.

I sure would hate to see the truck go......wouldn't be able to bargain with the Trustee...I've been in the market for some money, seems everybody's out of it right now.

Boy you got that right. I was just going to PM you for a couple of ten's. OK, I get it, no loan.

However, we had a junker that due to health was garaged and abandoned. Here is the short story. I purchased a very nice looking (also hit in rear) 68 Impala. It ran well at the time but the back brake would lock the wheel up. So in 2004 I purchased all the parts for a 100% brake job. Cylinders, hoses, shoes, master cylinder, springs, etc.

Well I came down with the big C so I was out of it until 2007 due to the chemo and stuff. The car would not run then, was on blocks and although it was a blue car, was green.

I listed it in my bk and at 341 was asked what I thought it was worth. I said I don't know. The Trustee (who was very kind) said, "Well it could be a piece of rusty iron or worth a great deal as a collectible." I said I do not know, but it hasn't run since 04, is green with mold and is on blocks and I don't know what it is worth but nothing to me. He said "fine". Later he listed stuff he abandoned and that was one item.

In 2009 about March I was feeling very well, so I addressed the brakes. One wheel at a time as I could and had all the parts now four years old. It took me two weeks for what used to be for me, a six hour job. The brakes were all new.

The gas was four years old and I thought I need to get new gas as this stuff will be bad. the car had been backed into my garage and the tank filler is middle rear bumper. So a garden hose and I attempted to suck on the think to draw a siphon. To no avail. Well I saw Mrs. old vacuum cleaner and being the genius I am I thought, "I'm working too hard, I'll get this going with the vacuum." Well it worked JUST FINE. In a split second I had gas boiling out of her vacuum cleaner and completely over me and under the car. Now you may not know but vacuums have sparky brush motors. The gas came so fast that it drowned the motor sparks and I hit the road yelling to Mrs. to "RUN FOR IT", and pulled the plug on my way out.

I fully expected the garage to blow up at any time. After a day it did not. I put a battery in and the car started with a grown. Then after turning in front of an oncoming car, the carb choked out and we stalled. The kind gentleman did not T-bone us and waved some sort of love sign shouting I'm sure Merry Christmas to us. We rebuilt the carb on my computer workshop bench.

After cleaning up the paint and waxing the car, it looked pretty good. We played with it for some weeks and then sold the car long after our discharge for more than double of what we paid and while attempting to sell to the first looker two other parties came up offering to out bid the first. The first (without even negotiating my price) said "I HAVE ALREADY BOUGHT IT!!!" and so, the deal was done and they were very happy and so were we.

Now we hid nothing at all from the Trustee. I could have cared less if he took the thing as I was too sick to be concerned with the car. Once abandoned it was mine. I almost took it for scrap but since I had the parts and felt better I made a pretty car.

So that's my car story and maybe your 'treasure' will be abandoned. 'hub

[Widdle]

No. It is only the lipstick. It is still a salvaged broke car, and whenever sold and traced on 'carfax' will show up as a totaled machine. As I said before, only speaking for myself, I don't care how good it looks, I would not buy it.

BTW, as a kid I learned one thing from a used car salesman. Put a real good wax on the hood, clean up the dash and front seats, make sure the radio plays, and any piece of junk will sell. 'Hub

[Not meaning to insult our host.]

Okay, I'm not so worried now.

I sure would hate to see the truck go......wouldn't be able to bargain with the Trustee...I've been in the market for some money, seems everybody's out of it right now.

[AngelinaCatHub]

Wouldn't all the parts and labor increase the value of the vehicle? If you take a $500 vehicle and put $2000 worth of parts and 80 man hours in to it I would imagine it would now have a higher value, not a lower one.

No. It is only the lipstick. It is still a salvaged broke car, and whenever sold and traced on 'carfax' will show up as a totaled machine. As I said before, only speaking for myself, I don't care how good it looks, I would not buy it.

BTW, as a kid I learned one thing from a used car salesman. Put a real good wax on the hood, clean up the dash and front seats, make sure the radio plays, and any piece of junk will sell. 'Hub

[Not meaning to insult our host.]

[Meatstick]

That is not correct, maintenance and repairs to keep your vehicles road worthy and are not factored into the value of said vehicle.

Does that set of CV joints and new exhaust add $1200 value to a salvaged title vehicle ? They are both repiars to ensure the road safety of that vehicle.

[Widdle]

Wouldn't all the parts and labor increase the value of the vehicle? If you take a $500 vehicle and put $2000 worth of parts and 80 man hours in to it I would imagine it would now have a higher value, not a lower one.

Uh, Oh!!

Boy, looks like this is going to be a little worrisome.

[forgotten]

Also did you take into account the repair cost? I am sure there were parts and an implied bunch of labor that your friend put into it. He was doing this as a hobby and also as a friend.

Wouldn't all the parts and labor increase the value of the vehicle? If you take a $500 vehicle and put $2000 worth of parts and 80 man hours in to it I would imagine it would now have a higher value, not a lower one.

[Widdle]

Yes Widdle, I would bring the pictures before the repair. However, I would also bring pictures after the repair. I am sure you did not mean to attempt to fool the Trustee, but even the after pictures, a bent framed front end rebuild still devalues that machine a whole lot. Also did you take into account the repair cost? I am sure there were parts and an implied bunch of labor that your friend put into it. He was doing this as a hobby and also as a friend. That truck is not worth what you as it's "parent" would like to believe. 'Hub


EDIT: P.S.
"You can put lipstick on a pig, and it may look good, but it's still a pig". LOL.

Yes, I definitely would bring the pictures of before and after! You do not want to fool mother or father "Trustee"!!

AND I'm going to use your slogan

Another way to look at it is.....what my DH says.....I know what you look like without the makeup and that is priceless!!!

But, all funs/puns aside....You gave me an excellent thought as to the "very highly documented" labor and most importantly parts.

I spent more money than what the insurance gave me, so hopefully the trustee will take that into account. It is also documented with the state.

So, by the time I use FMV minus parts and labor, I should be okay.

[AngelinaCatHub]

forgotten, I am thinking that you and "hub" are right, because now that you guys put it down on paper, so to speak, I can see the effect of "salvage" since KBB doesn't even rate it.

Thank you both.

Yes Widdle, I would bring the pictures before the repair. However, I would also bring pictures after the repair. I am sure you did not mean to attempt to fool the Trustee, but even the after pictures, a bent framed front end rebuild still devalues that machine a whole lot. Also did you take into account the repair cost? I am sure there were parts and an implied bunch of labor that your friend put into it. He was doing this as a hobby and also as a friend. That truck is not worth what you as it's "parent" would like to believe. 'Hub


EDIT: P.S.
"You can put lipstick on a pig, and it may look good, but it's still a pig". LOL.

[NoMoreCards]

Widdle, keep in mind you purchased this totaled vehicle in 2005 for 3400.00. So clearly 4-5 years later that value has dropped quite a bit.

I would lean more towards the lower value at maybe 800

270K miles, salvage title...it just isn't worth much IMHO

If the trustee gives you any debate on it, offer to sell it to him for that higher value...Lol! I bet he would change his mind.

[Widdle]

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, I am thinking that you and "hub" are right, because now that you guys put it down on paper, so to speak, I can see the effect of "salvage" since KBB doesn't even rate it.

Thank you both.