Question on value
Out of curiosity, what would a rebuilt title 05 crossfire coupe be worth? Manual trans, black, pretty basic, cloth seats, etc... It had rear quarter panel damage, nothing major, but it was issued a salvage title for it.
Just wondering if it's worth picking up or not...
Thanks
-Em
Just wondering if it's worth picking up or not...
Thanks
-Em
Peronally, I would not pay more than $4-5k for it, assuming it was properly repaired and the mileage is low. It might make a good parts car, or maybe the platform for your twin turbo science project.
oh, it's not repaired yet. We own a body shop, so, we'd have our body guy do it. I'm just wondering how much it would be worth fixed up in stock condition.
We're tossing the idea around of picking it up for a fun project...
We're tossing the idea around of picking it up for a fun project...
Don't go by kbb or nada, in the past couple of years the car industry has changed so much the books sometimes can't keep up. I have booked out vehicles that are way off from the market place. In my opinion, the best rule to follow is just look at the market for that vehicle. Look at retail prices in places like auto trader, cars.com ect.. and get an average price. You should figure out how much the total cost will be and on average, deduct a few thousand for the salvage title. I have seen some dealers/body shops come out thousands below market for a hefty profit. But then you have to find a customer willing to buy a salvage vehicle.
I am unsure if you are buying to resell or to keep. But obviously try to buy lower if you are going to resell to make that hefty profit! I just watched a srt6 with 12k bring 13600 at auction while the wholesale value was at 15k. And I just seen the dealer list it on auto trader for the average market price of 18k. Just because he got a good buy on the car doesn't mean he will retail it for a good deal!
I am unsure if you are buying to resell or to keep. But obviously try to buy lower if you are going to resell to make that hefty profit! I just watched a srt6 with 12k bring 13600 at auction while the wholesale value was at 15k. And I just seen the dealer list it on auto trader for the average market price of 18k. Just because he got a good buy on the car doesn't mean he will retail it for a good deal!
I may resell, I may keep, I may wait for a clean title to come along. I'm in no rush, it just seems like a good deal for the work it needs, but I wanted an enthusiast's opinion seeing as they know the market value (usually) better than any book value or ebay listing price.
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