Value of SRT coupe with salvage title?
I've been looking at Crossfires for some time and noticed that the price of them varies wildly. I have worked in the parts department of a chrysler dealership since the late 90's so I know all about the quirks of the Crossfire. I found a 2005 SRT coupe for sale locally with around 20K on the clock. It was in an accident that got it right in the headlamp damaging the fender, hood, bumper cover and upper radiator support. Didn't get into the bumper beam and no bag deployment. The accident was "around 7 MPH" according to the seller. It was repaired using factory parts and the car now has a previous salvage on it. Seller is asking $14,000 but I don't really see it being worth much over $10,000 with the salvage. I'm looking for something to DRIVE and not a sit it in the garage under a cover kind of car.
Thoughts???
Thoughts???
14k would be more appropriate for an SRT-6 with that mileage and no salvage title. But from what I've seen, these cars get classified as a total loss pretty easily. If you feel comfortable with the prior damage and the quality of the repairs, make an offer. I personally wouldn't pay more than 11k. Also, the SRT-6 makes an awesome daily driver. I can't imagine owning anything else. Good luck!
I drive mine everyday. Not far but. Drive it. 14k is too much with a salvage title.
Not sure in all areas but check with your insurance company. You may only be able to put liability on it.
That's what really hurts the resale value.
Not sure in all areas but check with your insurance company. You may only be able to put liability on it.
That's what really hurts the resale value.
14k is to much for a salvaged srt-6. Considering non wreck ones with those miles already have a hard time finding a home. If you plan on buying one plan on keeping it till it dies, because resale is the pitts for these things. I think they are nice cars though, I just bought mine with 111k for 8k 2 months ago. Dealer was tired of looking at it. So I took it off his hands.
Just be very careful - 7 mph? I have found that people lie about stuff. Yea, it surprised me, too, but as it turns out, people sometimes lie about things that have to do with money.
7 mph he says. Whatever.
7 mph he says. Whatever.
1. If you buy a car with a salvage title it's because you love the car and will not try to resell it any time soon.
2. Deduct at least 40% from the asking price.
3. Hope it's not a money pit and drive it like you stole it.
2. Deduct at least 40% from the asking price.
3. Hope it's not a money pit and drive it like you stole it.
That Crossfire is worth around 2K in my opinion. I sold mine with much less damage for around $2,500, which was the buy-back amount from the insurance company.
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Last edited by grip grip; Jul 28, 2013 at 03:12 PM.
I didn't catch that part. I agree 14k is overpriced, and 9-10k would be reasonable.
Last edited by grip grip; Jul 28, 2013 at 04:00 PM.
Hmmmmmmmmmmmmmm, kinda makes me wonder how the rest of the repair was done.
I can't help but wonder how it handles...
I can't help but wonder how it handles...
Rebuilts can be great for long term ownership. I have owned at least three. The first step is seeing that before picture and then closely checking any areas that have been repaired.
The problem is not necessarily the owning of the car it is the getting rid of it if you ever choose to do so. You should be aware some states will not allow them on the road, some insurance companies will not insure them, some finance companies will not finance them, many will additionally be burdened with a True Mileage Unknown title, most buyers are scared off and none want long explanations attached to the car they are considering.
As to value, determine the retail price for the perceived condition and multiply it by 50%. That should be close. If the title is branded with a True Mileage Unknown notation or if there are no detailed photos of the car prior to the repairs, I would offer the real world value of the nonmechanical parts only (minus the labor to remove them) or weight for scrape whichever is higher.
The problem is not necessarily the owning of the car it is the getting rid of it if you ever choose to do so. You should be aware some states will not allow them on the road, some insurance companies will not insure them, some finance companies will not finance them, many will additionally be burdened with a True Mileage Unknown title, most buyers are scared off and none want long explanations attached to the car they are considering.
As to value, determine the retail price for the perceived condition and multiply it by 50%. That should be close. If the title is branded with a True Mileage Unknown notation or if there are no detailed photos of the car prior to the repairs, I would offer the real world value of the nonmechanical parts only (minus the labor to remove them) or weight for scrape whichever is higher.
Be willing to bet it was over the 50% as suggested in this thread too.?
Yes, it was.
First off, no WAY was that original collision 7MPH. Look at that hood. Looks like 20MPH+ maybe 25MPH. Airbags should have blown on that one. All reasons for avoiding a salvage title given previously still hold. $14K for that, plus the fact that 7MPH is total BS.... walk away.
What's wrong with this one for $16.5K? It's nearly perfect.
https://www.crossfireforum.org/forum...rty-value.html
What's wrong with this one for $16.5K? It's nearly perfect.
https://www.crossfireforum.org/forum...rty-value.html
you do know that ,no insurance company will give you collision or comp, because of the salvage title you can only get liability,Unless of course you have a insurance company that doesn't know what they're doing jim



