Quote:
Originally Posted by gshase
I have a buddy that buys salvage cars and I have seen some with ZERO to $1000 damage, some theft recovery that were returned after 30 days and they can go to auction with a salvaged title. Some have police reports along with Insurance paper work, Some with huge discounts.
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There was an organized crime ring with multiple crews that was taken down years ago. They would buy new-ish high-end cars, then strip body panels/parts just to the point where they would be totaled out. After ditching and reporting them stolen, they'd wait for the insurance auction, buy them back, and put the panels/parts back. Then it was just a matter of scrubbing the title (the days before Carfax) and bam, new car, plus the insurance check!