Originally Posted by BLACKSRT-6
The issue with a Salvage Title is that the insurance companies will not pay a car off twice. So, if the buyer purchased the car it could never be insured for theft or damage. You can get basic coverage to cover the other parties car but your $30k Hemi Crossfire would be a loss.
True, but anyone getting into the extreme modifcation of a car knows this.
Over modifications, or just rebuilding a classic beyond it's market value, seldom takes the "equity" into the equation. It's all about emotion on a car like this.
If you need loss protection on a car built for crazy racing on the track, or even the street, you are out of your league.
If you have to borrow money to buy it,,,,,,, You are out of your league.
If you can't afford to lose it all ,,,,,,don't put your money in a car like this.
roadster with a stick