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I would not pay over $15k. That salvage title will follow you forever. The only time I would buy a salvage title car is if I was building another race car.
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Thanks for the input Plavan. I have gotten advice from people both on and off the forum and remarkably the number that continues to come up time and time again is $15k. This car is very nice and that is worth something, so I think the value would be between $15k and $20k at the most with a great ppi report and a nearly flawless condition.
Since I would be buying it as a driver, I do not want to get too caught up in the fact that the car has a salvage title, but I also do not want to be stuck with a car I cannot sell if I ever decide to do that. Lots to think about. |
Heres another thought though. a 72 whether its a T E S will be the one porsche that will continuously rise in value because of the rarity of that weird 4th door.
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Just remember a nice looking 911 with a salvage title is like a Supermodel with Herpes.
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I have both a 72T clean title and a 80 Weissach with a salvage title. Your vexing situation is pretty amusing to me. The long nose will always be more fun but challenging as well. YMMV
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This whole discussion makes me wonder about 356s and other basket cases I have seen restored in magazines, and now are commanding mega bucks. Maybe they didn't say salvage, but should have read terminal.
The value of nice early cars is still very high, meaning anywhere from 30k to 100k. If that car is as nice as it appears, then the price reduction for salvage title is already built in, which you will pass along when you sell, unless you can get the DMV to verify that it no longer has that status. Do some research, after all there are a ton of beautiful truly restored cars from piles of rust which are worth a fortune. if I lived near by I would probably come over and buy it and watch it appreciate 10 years from now like the other poster said. |
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yeh, which type of herpes???
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Guys, a salvage title is not a huge deal with a car as old and basic as a '72 911. Buy it right, enjoy it, and when you're done with it, sell it to an overseas buyer. The salvage classification doesn't exist in many countries. All they care about is 100% correct repair.
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Does anyone in LA have a recommendation on where I can take this car for a PPI in the Van Nuys area? I need someone that is very familiar with early 911s that can give this car a good once over for me.
Thanks in advance! |
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However, I think that you people who are afraid of "Salvage" titles should stay away from them so the rest of us can get good deals... :) |
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I have had salvage title vehicles and my current Harley has a "rebuilt" title where I rebuilt it from salvage and had it inspected by the State of Washington in Bellingham when I lived across the water from you in Blaine! It does affect the selling price overall when you want to get rid of it. Great to drive knowing it works just as well as any "clean" titled car. Knowing it was done right by me helps too! The Insurance companies write of vehicles that should be repaired when they can devalue the car/bike/truck, write the owner a check, and then make their money back at a salvage auction. |
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I'm not sure on this one.... I've been looking into buying this car also. If I remember right it has a 1985 salvage title. I'm 99% sure if I would import this car, our DMV would set me up with an '85 title, on a car which is actually a '72........... I recently bought another '72... That one has the oil flap welded shut though, because a bigger oitank was fittted at one time. Something else to deal with.......... http://forums.pelicanparts.com/support/smileys/yawn.gif |
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Thanks for all the feedback guys. I am going to look at the car and have TRE give it a thorough PPI if I like what I see during my visit. I will keep the forum posted.
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It's a beautiful car, good luck to you. Tim
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I bet Dave can also give you some good advice on valuation too.
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