Crossfire SRT6 A place to discuss SRT-6 specific topics.

Value of SRT coupe with salvage title?

Thread Tools
 
Old Jul 28, 2013 | 10:34 AM
  #1 (permalink)  
ZHMOPARMAN's Avatar
Thread Starter
Joined: Jul 2013
Posts: 11
Likes: 0
Default 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???
 
Reply
Old Jul 28, 2013 | 10:51 AM
  #2 (permalink)  
miscetera's Avatar
Joined: Mar 2013
Posts: 85
Likes: 0
From: Southern California
Default Re: Value ofSRT coupe with salvage title?

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!
 
Reply
Old Jul 28, 2013 | 11:06 AM
  #3 (permalink)  
stryfox's Avatar
Senior Member
Joined: Jul 2005
Posts: 1,825
Likes: 19
Default Re: Value ofSRT coupe with salvage title?

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.
 
Reply
Old Jul 28, 2013 | 11:20 AM
  #4 (permalink)  
philosophico's Avatar
Forum Regular
Joined: May 2013
Posts: 500
Likes: 29
Default Re: Value ofSRT coupe with salvage title?

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.
 
Reply
Old Jul 28, 2013 | 11:32 AM
  #5 (permalink)  
pizzaguy's Avatar
Administrator
Joined: Jun 2009
Posts: 13,932
Likes: 1,266
From: Fort Worth, Texas
Default Re: Value ofSRT coupe with salvage title?

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.
 
Reply
Old Jul 28, 2013 | 02:40 PM
  #6 (permalink)  
Mopar or No Car's Avatar
Joined: Oct 2009
Posts: 262
Likes: 0
From: Cambria, Calif.
Default Re: Value ofSRT coupe with salvage title?

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.
 
Reply
Old Jul 28, 2013 | 02:52 PM
  #7 (permalink)  
ZHMOPARMAN's Avatar
Thread Starter
Joined: Jul 2013
Posts: 11
Likes: 0
Default Re: Value ofSRT coupe with salvage title?

image_zps6c87550e.jpg

Think I got the pic to work.
 
Reply
Old Jul 28, 2013 | 03:09 PM
  #8 (permalink)  
grip grip's Avatar
Senior Member
Joined: Mar 2011
Posts: 3,899
Likes: 14
From: TN
Default Re: Value ofSRT coupe with salvage title?

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.

2012-11-16_13-14-38_341_zps9e728288.jpg

2012-11-15_23-30-11_303_zps7a62bada.jpg



 

Last edited by grip grip; Jul 28, 2013 at 03:12 PM.
Reply
Old Jul 28, 2013 | 03:46 PM
  #9 (permalink)  
ZHMOPARMAN's Avatar
Thread Starter
Joined: Jul 2013
Posts: 11
Likes: 0
Default Re: Value ofSRT coupe with salvage title?

It was fixed.... This is the car now..

 
Reply
Old Jul 28, 2013 | 03:57 PM
  #10 (permalink)  
grip grip's Avatar
Senior Member
Joined: Mar 2011
Posts: 3,899
Likes: 14
From: TN
Default Re: Value ofSRT coupe with salvage title?

Originally Posted by ZHMOPARMAN
It was fixed.... This is the car now..

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.
Reply
Old Jul 28, 2013 | 04:53 PM
  #11 (permalink)  
Wes__Hutchinson's Avatar
Joined: Jun 2013
Posts: 109
Likes: 0
From: Casper,Wyoming
Default Re: Value ofSRT coupe with salvage title?

Looks like the fender/fascia gaps are squirrely. 6K tops imo
 
Reply
Old Jul 28, 2013 | 06:46 PM
  #12 (permalink)  
pizzaguy's Avatar
Administrator
Joined: Jun 2009
Posts: 13,932
Likes: 1,266
From: Fort Worth, Texas
Default Re: Value ofSRT coupe with salvage title?

Originally Posted by Wes__Hutchinson
Looks like the fender/fascia gaps are squirrely. 6K tops imo
Hmmmmmmmmmmmmmm, kinda makes me wonder how the rest of the repair was done.

I can't help but wonder how it handles...
 
Reply
Old Jul 29, 2013 | 11:25 AM
  #13 (permalink)  
ZHMOPARMAN's Avatar
Thread Starter
Joined: Jul 2013
Posts: 11
Likes: 0
Default Re: Value ofSRT coupe with salvage title?

Well he rejected my offer... Probly for the best. I'll keep looking!!
 
Reply
Old Jul 29, 2013 | 11:52 AM
  #14 (permalink)  
MiamiTVR's Avatar
Forum Regular
Joined: Jul 2013
Posts: 782
Likes: 11
From: South East
Default Re: Value ofSRT coupe with salvage title?

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.
 
Reply
Old Jul 29, 2013 | 12:29 PM
  #15 (permalink)  
NeedsWings's Avatar
Senior Member
Joined: Jan 2007
Posts: 2,740
Likes: 175
From: Michigan
Default Re: Value ofSRT coupe with salvage title?

I agree, salvage = 50% less value
 
Reply
Old Jul 29, 2013 | 01:04 PM
  #16 (permalink)  
SparkieSRT6's Avatar
SSB SRT6 405hp/401Tq
Joined: Mar 2010
Posts: 4,097
Likes: 2
From: Hooterville
Default Re: Value ofSRT coupe with salvage title?

Originally Posted by ZHMOPARMAN
Well he rejected my offer... Probly for the best. I'll keep looking!!
Be willing to bet it was over the 50% as suggested in this thread too.?
 
Reply
Old Jul 29, 2013 | 01:32 PM
  #17 (permalink)  
miscetera's Avatar
Joined: Mar 2013
Posts: 85
Likes: 0
From: Southern California
Default Re: Value ofSRT coupe with salvage title?

After seeing the photos, I'd pass on this one anyway. Where are you located?
 
Reply
Old Jul 29, 2013 | 04:12 PM
  #18 (permalink)  
ZHMOPARMAN's Avatar
Thread Starter
Joined: Jul 2013
Posts: 11
Likes: 0
Default Re: Value ofSRT coupe with salvage title?

Originally Posted by miscetera
After seeing the photos, I'd pass on this one anyway. Where are you located?
Nebraska.

Originally Posted by SparkieSRT6
Be willing to bet it was over the 50% as suggested in this thread too.?
Yes, it was.
 
Reply
Old Aug 5, 2013 | 08:56 PM
  #19 (permalink)  
cudaman's Avatar
Forum Regular
Joined: May 2006
Posts: 385
Likes: 0
From: San Jose, CA
Default Re: Value of SRT coupe with salvage title?

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
 
Reply
Old Aug 5, 2013 | 11:57 PM
  #20 (permalink)  
amx1397's Avatar
Senior Member
Joined: Apr 2008
Posts: 6,692
Likes: 428
From: Indialantic Fl.
Default Re: Value of SRT coupe with salvage title?

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
 
Reply



All times are GMT -4. The time now is 07:43 AM.