Posted by omahagreg on September 19, 2008 at 19:23:36 from (72.196.16.150):
In Reply to: OT: Salvage Titles?? posted by Casey in Ky on September 19, 2008 at 09:37:01:
In Omaha, we have a good salvage yard that ALWAYS has cars for sale. Most are salvage title. We were looking at a Suburban that only had a small nick in the rocker panel after a theft recovery, so called my insurance man. He said they would gladly take the FULL premium, but would only pay out 25% of book value if there ever was a claim. We decided we could not 'self insure', so could not afford it. One day, my daughter found a nice 'rebuilt' one there. We went to look, and it was nicely done, figured a high schooler could not afford comp and collision anyway, so gave it some thought. Carfax was a TOTAL waste of money-they could only tell me it had a salvage title-which I already knew. The salvage yard would, or could not tell me even which corner had been hit, so it made me real nervous, fortunately, it sold before my daughter could figure out how to pay for it! Greg
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